Accenture plc [ACN] stock prices are up 5.57% to $355.81 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ACN shares have gain 6.14% over the last week, with a monthly amount glided 4.53%, 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 September 26, 2024, when Piper Sandler upgraded its rating to a Overweight and also boosted its price target to $395 from $329. Previously, UBS upgraded its rating to Buy on July 19, 2024, and kept the price target unchanged to $400. On June 26, 2024, downgrade downgraded it’s rating to Equal-Weight and revised its price target to $300 on the stock. Goldman started tracking the stock assigning a Neutral rating and suggested a price target of $335 on June 24, 2024. Deutsche Bank downgraded its rating to a Hold and reduced its price target to $295 on May 15, 2024. Susquehanna downgraded its rating to Neutral for this stock on March 21, 2024, and downed its price target to $360. In a note dated March 19, 2024, Guggenheim initiated an Buy rating and provided a target price of $425 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 $373.85 within the next 12 months. Accenture plc [NYSE: ACN] shares were valued at $355.81 at the most recent close of the market. An investor can expect a potential return of 5.07% based on the average ACN price forecast.
Analyzing the ACN fundamentals
The Accenture plc [NYSE:ACN] reported sales of 64.90B for trailing twelve months, representing a surge of 2.63%. Gross Profit Margin for this corporation currently stands at 0.33% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.15%, 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.06.
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 349.01 points at the first support level, and at 342.21 for the second support level. However, for the 1st resistance point, the stock is sitting at 363.30, and for the 2nd resistance point, it is at 370.79.
Ratios To Look Out For
It’s worth pointing out that Accenture plc [NYSE:ACN]’s Current Ratio is 1.10. Also, the Quick Ratio is 1.16, while the Cash Ratio stands at 0.26. Considering the valuation of this stock, the price to sales ratio is 3.43, the price to book ratio is 7.87 and price to earnings (TTM) ratio is 31.12.
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.
