4 Reasons to Go Long On Accenture plc [ACN]

Over the past three months, Accenture plc [ACN] ended the trading day at $252.99 and exhibited a change of 1.23% with a 24 hour trading and reached upto the volume of 1.92M compared to its recorded trading volume of 0.78 million. ACN generated a 1 year amount change with 25.23%. Though for Principal markets a year is counted as a long time period. By having a look at the most recent performance of this stock, in the last week its amount moved by 0.24% with an amount shift of 10.73% over the last month.

On 3, December 2020, Accenture Nominates Beth E. Mooney, Former Chairman and CEO of KeyCorp, to Join Its Board of Directors. According to news published on Yahoo Finance, Accenture (NYSE: ACN) announced that its Board of Directors has nominated Beth E. Mooney for election to the Board at Accenture’s annual general meeting of shareholders on Feb. 3, 2021. Ms. Mooney, 65, was chairman and CEO of KeyCorp (NYSE: KEY), one of the 20 largest U.S. banks, based on assets, for nine years prior to her retirement in May 2020. She will be listed as a director nominee in Accenture’s 2020 proxy statement, which is scheduled to be filed with the Securities and Exchange Commission next week.

Analyst Birdseye View:

The most recent analyst activity for Accenture plc [NYSE:ACN] stock was on September 23, 2020, when it was Resumed with a Neutral rating from UBS. Before that, on November 19, 2020, Goldman Recapitulated a Buy rating and elevated its amount target to $278. On September 22, 2020, Wedbush Reiterated an Outperform rating and boosted its price target on this stock from $240 to $255. On June 18, 2020, Wells Fargo Downgrade an Equal weight rating and increased its price target 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 boosted its amount on this stock to $196. On April 15, 2020, Exane BNP Paribas Initiated an Outperform rating and boosted its target amount on this stock to $215. On March 20, 2020, MoffettNathanson Upgrade a Buy rating and improved its amount target to $200.

In the past 52 weeks of trading, this stock has oscillated between a low of $137.15 and a peak of $253.93. Right now, the middling Wall Street analyst 12-month amount mark is $250.00. At the most recent market close, shares of Accenture plc [NYSE:ACN] were valued at $252.99. According to the average price forecast, investors can expect a potential return of 2.63%.

FUNDAMENTAL ANALYSIS

Accenture plc [NYSE:ACN] most recently reported quarterly sales of 10.84 billion, which represented growth of -2.00%. This publicly-traded organization’s revenue is $87,603 per employee, while its income is $10,095 per employee. This company’s Gross Margin is currently 31.50%, its Operating Margin is 14.70%, 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, 36.62 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 13.29 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 248.62 points at 1st support level, the second support level is making up to 247.32. But as of 1st resistance point, this stock is sitting at 251.47 and at 253.02 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 8.95 and showing 31.52 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by Accenture plc, Director by Deputization, and it was the sale of 0.48 million shares on Nov 24. Accenture plc, the Director by Deputization, completed a sale of 3.2 million shares on Nov 13. On Nov 02, ROWLAND DAVID, Executive Chairman, completed a sale of 8723.0 shares.