Accenture plc [ACN] stock prices are up 1.60% to $386.91 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ACN shares have gain 3.24% over the last week, with a monthly amount glided 6.09%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Accenture plc [NYSE: ACN] stock has seen the most recent analyst activity on January 30, 2024, when Mizuho initiated its Buy rating and assigned the stock a price target of $426. Previously, Exane BNP Paribas upgraded its rating to Outperform on January 17, 2024, and kept the price target unchanged to $440. On November 16, 2023, Redburn Atlantic initiated with a Buy rating and assigned a price target of $410 on the stock. UBS started tracking the stock assigning a Neutral rating and suggested a price target of $333 on November 07, 2023. TD Cowen downgraded its rating to a Market Perform and reduced its price target to $300 on June 23, 2023. Piper Sandler upgraded its rating to Neutral for this stock on June 15, 2023, and upped its price target to $316. In a note dated April 05, 2023, Edward Jones upgraded an Buy rating on this stock.
The stock price of Accenture plc [ACN] has been fluctuating between $242.80 and $386.98 over the past year. Currently, Wall Street analysts expect the stock to reach $375.95 within the next 12 months. Accenture plc [NYSE: ACN] shares were valued at $386.91 at the most recent close of the market. An investor can expect a potential drop of -2.83% based on the average ACN price forecast.
Analyzing the ACN fundamentals
The Accenture plc [NYSE:ACN] reported sales of 64.59B for trailing twelve months, representing a surge of 3.03%. Gross Profit Margin for this corporation currently stands at 0.33% with Operating Profit Margin at 0.14%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.13, Equity is 0.27 and Total Capital is 0.26. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.12.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 384.57 points at the first support level, and at 382.23 for the second support level. However, for the 1st resistance point, the stock is sitting at 388.38, and for the 2nd resistance point, it is at 389.85.
Ratios To Look Out For
It’s worth pointing out that Accenture plc [NYSE:ACN]’s Current Ratio is 1.33. Further, the Quick Ratio stands at 1.33, while the Cash Ratio is 0.41. Considering the valuation of this stock, the price to sales ratio is 3.76, the price to book ratio is 9.09 and price to earnings (TTM) ratio is 35.85.
Transactions by insiders
Recent insider trading involved Sweet Julie Spellman, Chair and CEO, that happened on Feb 05 ’24 when 7361.0 shares were sold. Chief Financial Officer, McClure Kathleen R completed a deal on Feb 05 ’24 to sell 2070.0 shares. Meanwhile, CEO-North America Sharma Manish sold 1486.0 shares on Feb 05 ’24.
