Accenture Plc (NYSE:ACN) has been given an average recommendation of “Buy” by the twenty-seven research firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and fourteen have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $160.70.
Several brokerages recently weighed in on ACN. Pivotal Research set a $180.00 price target on shares of Accenture and gave the company a “buy” rating in a research report on Monday. Zacks Investment Research downgraded shares of Accenture from a “buy” rating to a “hold” rating in a research report on Tuesday, June 5th. Credit Suisse Group set a $151.00 price target on shares of Accenture and gave the company a “hold” rating in a research report on Thursday, April 26th. Cantor Fitzgerald reissued a “buy” rating and set a $180.00 price target on shares of Accenture in a research report on Wednesday, April 25th. Finally, ValuEngine raised shares of Accenture from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd.
In other news, insider Richard Lumb sold 2,000 shares of the business’s stock in a transaction on Thursday, May 10th. The shares were sold at an average price of $156.10, for a total transaction of $312,200.00. Following the completion of the sale, the insider now owns 120,025 shares of the company’s stock, valued at approximately $18,735,902.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jean-Marc Ollagnier sold 1,637 shares of the business’s stock in a transaction on Monday, March 26th. The shares were sold at an average price of $150.87, for a total transaction of $246,974.19. Following the sale, the insider now directly owns 186,112 shares of the company’s stock, valued at approximately $28,078,717.44. The disclosure for this sale can be found here. In the last three months, insiders have sold 53,828 shares of company stock valued at $8,145,630. Insiders own 0.21% of the company’s stock.
Shares of Accenture traded down $0.26, hitting $162.76, during trading hours on Thursday, MarketBeat reports. 1,910,474 shares of the company’s stock traded hands, compared to its average volume of 2,203,994. The firm has a market capitalization of $103.39 billion, a price-to-earnings ratio of 27.54, a PEG ratio of 2.43 and a beta of 1.03. Accenture has a 12-month low of $119.10 and a 12-month high of $165.58.
Accenture (NYSE:ACN) last announced its quarterly earnings results on Thursday, March 22nd. The information technology services provider reported $1.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.49 by $0.09. The company had revenue of $9.59 billion during the quarter, compared to the consensus estimate of $9.31 billion. Accenture had a net margin of 9.18% and a return on equity of 41.50%. The firm’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.33 earnings per share. analysts forecast that Accenture will post 6.69 earnings per share for the current year.
Accenture plc provides consulting, technology, and outsourcing services worldwide. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, and enhance business results through industry-specific solutions for communications, media, and high tech industries, as well as for software platforms.
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