At the time of writing, Accenture plc [ACN] stock is trading at $372.16, up 7.06%. An important factor to consider is whether the stock is rising or falling in short-term value. The ACN shares have gain 3.33% over the last week, with a monthly amount glided 5.14%, 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 December 06, 2024, when Goldman upgraded its rating to a Buy and also boosted its price target to $420 from $370. Previously, Exane BNP Paribas downgraded its rating to Neutral on October 30, 2024, and kept the price target unchanged to $375. On September 30, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $400 on the stock. Piper Sandler upgraded its rating to a Overweight and increased its price target to $395 on September 26, 2024. UBS upgraded its rating to a Buy but $400 remained the price target by the analyst firm on July 19, 2024. Morgan Stanley downgraded its rating to Equal-Weight for this stock on June 26, 2024, and downed its price target to $300. In a note dated June 24, 2024, Goldman initiated an Neutral rating and provided a target price of $335 on this stock.
For the past year, the stock price of Accenture plc fluctuated between $278.69 and $387.51. Currently, Wall Street analysts expect the stock to reach $378.21 within the next 12 months. Accenture plc [NYSE: ACN] shares were valued at $372.16 at the most recent close of the market. An investor can expect a potential return of 1.63% based on the average ACN price forecast.
Analyzing the ACN fundamentals
According to Accenture plc [NYSE:ACN], the company’s sales were 64.90B for trailing twelve months, which represents an 2.63% jump. Gross Profit Margin for this corporation currently stands at 0.32% 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 0.09, Equity is 0.19 and Total Capital is 0.17. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.2.
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 364.60 points at the first support level, and at 357.04 for the second support level. However, for the 1st resistance point, the stock is sitting at 378.32, and for the 2nd resistance point, it is at 384.47.
Ratios To Look Out For
It is important to note that Accenture plc [NYSE:ACN] has a current ratio of 1.10. On the other hand, the Quick Ratio is 1.10, and the Cash Ratio is 0.48. Considering the valuation of this stock, the price to sales ratio is 3.59, the price to book ratio is 8.23 and price to earnings (TTM) ratio is 32.55.
Transactions by insiders
Recent insider trading involved Sekido Ryoji, Co-CEO Asia Pacific, that happened on Nov 04 ’24 when 3191.0 shares were sold. Officer, Sekido Ryoji completed a deal on Nov 04 ’24 to buy 3191.0 shares. Meanwhile, Chair and CEO Sweet Julie Spellman sold 8136.0 shares on Oct 28 ’24.
