Accenture Plc Given Average Rating of “Buy” by Brokerages (NYSE:ACN)
Accenture Plc (NYSE:ACN) has earned a consensus recommendation of “Buy” from the nineteen brokerages that are covering the company, Analyst Ratings Network.com reports. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $86.47.
A number of analysts have recently weighed in on ACN shares. Analysts at BMO Capital Markets raised their price target on shares of Accenture Plc from $82.00 to $83.00 in a research note on Friday. They now have a “market perform” rating on the stock. Separately, analysts at JPMorgan Chase & Co. cut their price target on shares of Accenture Plc from $90.00 to $88.00 in a research note on Friday. They now have an “overweight” rating on the stock. Finally, analysts at Credit Suisse upgraded shares of Accenture Plc from a “neutral” rating to an “outperform” rating in a research note on Friday, April 25th. They now have a $92.00 price target on the stock, up previously from $78.00.
Shares of Accenture Plc (NYSE:ACN) traded down 0.07% during mid-day trading on Friday, hitting $81.475. 790,731 shares of the company’s stock traded hands. Accenture Plc has a 52-week low of $69.00 and a 52-week high of $85.88. The stock has a 50-day moving average of $81.27 and a 200-day moving average of $80.82. The company has a market cap of $51.579 billion and a price-to-earnings ratio of 20.04.
Accenture Plc (NYSE:ACN) last announced its earnings results on Thursday, June 26th. The company reported $1.26 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.21 by $0.05. The company had revenue of $7.74 million for the quarter, compared to the consensus estimate of $7.55 million. During the same quarter in the prior year, the company posted $1.14 earnings per share. The company’s quarterly revenue was up 7.5% on a year-over-year basis. On average, analysts predict that Accenture Plc will post $4.53 earnings per share for the current fiscal year.
Accenture plc (NYSE:ACN) is engaged in providing management consulting, technology and outsourcing services.
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