Accenture plc [ACN] shares are up more than 22.62% this year and recently increased 0.01% or $1.22 to settle at $229.99. Analysts expect ACN to grow earnings at a 9.52% annual rate over the next 5 years. ACN has a short ratio of 2.97. This implies that the market is currently less bullish on the outlook for ACN.

On 14, October 2020, Change Powers Accenture’s Biggest Brand Move in a Decade. According to news published on Yahoo Finance, Launches “Let there be change” Campaign and New Company Purpose, Created with Droga5.

Analyst Birdseye View:

The most recent analyst activity for Accenture plc [NYSE:ACN] stock was on September 22, 2020, when it was Reiterated with an Outperform rating from Wedbush, which also raised its 12-month price target on the stock from $240 to $255. On June 18, 2020, Wells Fargo Downgrade an Equal weight rating and boosted its price target on this stock from $190 to $200. On June 03, 2020, Exane BNP Paribas Downgrade a Neutral rating. On May 22, 2020, Piper Sandler Initiated a Neutral rating and increased its price target to $196. On April 15, 2020, Exane BNP Paribas Initiated an Outperform rating and boosted its amount on this stock to $215. On March 20, 2020, MoffettNathanson Upgrade a Buy rating and boosted its target amount on this stock to $200.

In the past 52 weeks of trading, this stock has oscillated between a low of $137.15 and a peak of $247.82. Right now, according to Wall Street analyst the average 12-month amount target is $240.78. At the most recent market close, shares of Accenture plc [NYSE:ACN] were valued at $229.99. According to the average price forecast, investors can expect a potential return of 1.95%.

FUNDAMENTAL ANALYSIS

Accenture plc [NYSE:ACN] most recently reported quarterly sales of 10.84 billion, which represented growth of -1.00%. This company’s Gross Margin is currently 31.50%, its Operating Margin is 14.80%, its Pretax Margin is +15.28, and its Net Margin is +11.52. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 15.28, 32.52, 36.35 and 29.92 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 17.01 and the whole liability to whole assets at 9.40. It shows enduring liability to the whole principal at 13.28 and enduring liability to assets at 0.07 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 225.79 points at 1st support level, the second support level is making up to 222.82. But as of 1st resistance point, this stock is sitting at 231.21 and at 233.66 for 2nd resistance point.

Accenture plc [ACN] reported its earnings at $1.99 per share in the fiscal quarter closing of 8/30/2020. The Analysts for Wall Street were expecting to report its earnings at $1.73/share signifying the difference of 0.26 and 15.00% surprise value. Comparing the previous quarter ending of 5/30/2020, the stated earnings were $1.9 calling estimates for $1.85/share with the difference of 0.05 depicting the surprise of 2.70%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Accenture plc [NYSE:ACN] is 1.40. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.67. Now if looking for a valuation of this stock’s amount to sales ratio it’s 3.51, it’s amount to book ratio is 8.96 and showing 28.86 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by RENDUCHINTALA VENKATA S M, Director, and it was the sale of 1283.0 shares on Sep 29. Ollagnier Jean-Marc, the Chief Executive – Europe, completed a sale of 450.0 shares on Sep 28. On Jul 21, Shook Ellyn, Chief Leadership & HR Officer, completed a sale of 3725.0 shares.