Accenture Plc Receives Average Rating of “Buy” from Brokerages (NYSE:ACN)
Accenture Plc (NYSE:ACN) has earned a consensus rating of “Buy” from the fifteen analysts that are covering the stock, Analyst Ratings.Net reports. Three equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $87.54.
Accenture Plc (NYSE:ACN) opened at 77.50 on Friday. Accenture Plc has a 52 week low of $69.78 and a 52 week high of $85.88. The stock has a 50-day moving average of $80.53 and a 200-day moving average of $80.84. The company has a market cap of $48.921 billion and a P/E ratio of 18.85.
Accenture Plc (NYSE:ACN) last released its earnings data 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 billion for the quarter, compared to the consensus estimate of $7.55 billion. 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. Analysts expect that Accenture Plc will post $4.53 EPS for the current fiscal year.
In other Accenture Plc news, Insider Robert E. Sell sold 2,946 shares of the stock on the open market in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $80.29, for a total transaction of $236,534.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on ACN shares. Analysts at Morgan Stanley initiated coverage on shares of Accenture Plc in a research note on Wednesday, July 9th. They set an “equal weight” rating on the stock. Separately, analysts at Societe Generale raised their price target on shares of Accenture Plc from $80.00 to $84.00 in a research note on Friday, June 27th. They now have a “hold” rating on the stock. Finally, 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, June 27th. They now have a “market perform” rating on the stock.
Accenture plc (NYSE:ACN) is engaged in providing management consulting, technology and outsourcing services.
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