Accenture Plc Receives Average Rating of “Buy” from Analysts (NYSE:ACN)
Shares of Accenture Plc (NYSE:ACN) have been given an average recommendation of “Buy” by the sixteen ratings firms that are currently covering the company, American Banking and Market News reports. Four analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $87.07.
ACN has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Accenture Plc in a research note on Friday. They now have a $81.00 price target on the stock. Separately, 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. Finally, 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.
Shares of Accenture Plc (NYSE:ACN) opened at 78.96 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 $80.22 and a 200-day moving average of $80.75. The company has a market cap of $49.843 billion and a price-to-earnings ratio of 19.18.
Accenture Plc (NYSE:ACN) last issued its quarterly 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 billion for the quarter, compared to the consensus estimate of $7.55 billion. 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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