Accenture plc [ACN] stock prices are up 1.57% to $318.68 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 lost -3.20% over the last week, with a monthly amount glided 6.41%, 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 July 19, 2024, when UBS upgraded its rating to a Buy but kept the price target unchanged to $400 for it. Previously, Morgan Stanley downgraded its rating to Equal-Weight on June 26, 2024, and dropped its price target to $300. On June 24, 2024, Goldman initiated with a Neutral rating and assigned a price target of $335 on the stock. Deutsche Bank downgraded its rating to a Hold and decreased its price target to $295 on May 15, 2024. Susquehanna downgraded its rating to a Neutral and reduced its price target to $360 on March 21, 2024. Guggenheim started tracking with a Buy rating for this stock on March 19, 2024, and assigned it a price target of $425. In a note dated January 30, 2024, Mizuho initiated an Buy rating and provided a target price of $426 on this stock.
The stock price of Accenture plc [ACN] has been fluctuating between $278.69 and $387.51 over the past year. Currently, Wall Street analysts expect the stock to reach $371.65 within the next 12 months. Accenture plc [NYSE: ACN] shares were valued at $318.68 at the most recent close of the market. An investor can expect a potential return of 16.62% based on the average ACN price forecast.
Analyzing the ACN fundamentals
The Accenture plc [NYSE:ACN] reported sales of 64.48B for trailing twelve months, representing a drop of -0.59%. 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 0.26 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 0.09.
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 315.38 points at the first support level, and at 312.08 for the second support level. However, for the 1st resistance point, the stock is sitting at 322.32, and for the 2nd resistance point, it is at 325.96.
Ratios To Look Out For
It’s worth pointing out that Accenture plc [NYSE:ACN]’s Current Ratio is 1.16. Further, the Quick Ratio stands at 1.16, while the Cash Ratio is 0.3. Considering the valuation of this stock, the price to sales ratio is 3.10, the price to book ratio is 7.20 and price to earnings (TTM) ratio is 29.17.
Transactions by insiders
Recent insider trading involved Shook Ellyn, Chief Leadership & HR Officer, that happened on Jul 23 ’24 when 5000.0 shares were sold. General Counsel/Corp Secretary, Unruch Joel completed a deal on Jul 22 ’24 to sell 8145.0 shares. Meanwhile, Chief Financial Officer McClure Kathleen R sold 1500.0 shares on Jul 15 ’24.
