Accenture Plc Given New $83.00 Price Target at BMO Capital Markets (ACN)
Analysts at BMO Capital Markets hoisted their price target on shares of Accenture Plc (NYSE:ACN) from $82.00 to $83.00 in a research report issued to clients and investors on Friday. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ target price suggests a potential upside of 1.80% from the stock’s previous close.
Shares of Accenture Plc (NYSE:ACN) traded up 0.11% on Friday, hitting $81.62. The stock had a trading volume of 969,974 shares. 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 $51.671 billion and a price-to-earnings ratio of 20.04.
Accenture Plc (NYSE:ACN) last posted its quarterly earnings results on Thursday, June 26th. The company reported $1.26 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.14 earnings per share. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. Analysts expect that Accenture Plc will post $4.53 EPS for the current fiscal year.
A number of other firms have also recently commented on ACN. 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. Separately, 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. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Accenture Plc in a research note on Friday, April 4th. They now have a $83.00 price target on the stock. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $86.47.
Accenture plc (NYSE:ACN) is engaged in providing management consulting, technology and outsourcing services.
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