At the time of writing, Accenture plc [ACN] stock is trading at $314.54, up 0.19%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ACN shares have lost -3.04% over the last week, with a monthly amount drifted -15.60%, and not 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 March 21, 2024, when Susquehanna downgraded its rating to a Neutral and also revised its price target to $360 from $400. Previously, Guggenheim started tracking the stock with Buy rating on March 19, 2024, and set its price target to $425. On January 30, 2024, Mizuho initiated with a Buy rating and assigned a price target of $426 on the stock. Exane BNP Paribas upgraded its rating to a Outperform but stick to its price target of $440 on January 17, 2024. Redburn Atlantic initiated its recommendation with a Buy and recommended $410 as its price target on November 16, 2023. UBS started tracking with a Neutral rating for this stock on November 07, 2023, and assigned it a price target of $333. In a note dated June 23, 2023, TD Cowen downgraded an Market Perform rating on this stock and revised its target price from $325 to $300.
For the past year, the stock price of Accenture plc fluctuated between $261.68 and $387.51. Currently, Wall Street analysts expect the stock to reach $395.46 within the next 12 months. Accenture plc [NYSE: ACN] shares were valued at $314.54 at the most recent close of the market. An investor can expect a potential return of 25.73% based on the average ACN price forecast.
Analyzing the ACN fundamentals
According to Accenture plc [NYSE:ACN], the company’s sales were 64.57B for trailing twelve months, which represents an -0.09% plunge. 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 0.14, Equity is 0.27 and Total Capital is 0.26. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.03.
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 312.43 points at the first support level, and at 310.31 for the second support level. However, for the 1st resistance point, the stock is sitting at 316.84, and for the 2nd resistance point, it is at 319.13.
Ratios To Look Out For
It is important to note that Accenture plc [NYSE:ACN] has a current ratio of 1.26. As well, the Quick Ratio is 1.26, while the Cash Ratio is 0.32. Considering the valuation of this stock, the price to sales ratio is 3.06, the price to book ratio is 7.29 and price to earnings (TTM) ratio is 28.51.
Transactions by insiders
Recent insider trading involved Ollagnier Jean-Marc, CEO EMEA, that happened on Apr 12 ’24 when 6250.0 shares were sold. Chief Financial Officer, McClure Kathleen R completed a deal on Apr 12 ’24 to sell 4500.0 shares. Meanwhile, Chair and CEO Sweet Julie Spellman sold 3801.0 shares on Apr 12 ’24.
