Accenture Plc Price Target Lowered to $88.00 at JPMorgan Chase & Co. (ACN)
Research analysts at JPMorgan Chase & Co. dropped their price target on shares of Accenture Plc (NYSE:ACN) from $90.00 to $88.00 in a report released on Friday. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price target would indicate a potential upside of 7.94% from the company’s current price.
A number of other analysts have also recently weighed in on ACN. 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. 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 analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Accenture Plc presently has an average rating of “Buy” and a consensus target price of $86.47.
Accenture Plc (NYSE:ACN) traded up 0.02% during mid-day trading on Friday, hitting $81.55. The stock had a trading volume of 1,135,793 shares. Accenture Plc has a 52 week low of $69.00 and a 52 week high of $85.88. The stock’s 50-day moving average is $81.27 and its 200-day moving average is $80.82. The company has a market cap of $51.627 billion and a P/E ratio of 20.04.
Accenture Plc (NYSE:ACN) last released its earnings data on Thursday, June 26th. The company reported $1.26 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.14 earnings per share. Accenture Plc’s revenue was up 7.5% compared to the same quarter last year. 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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