Accenture plc (NYSE: ACN): To Buy Or Not To Buy, That Is The Question

Accenture plc (ACN) concluded trading on Thursday at a closing price of $316.00, with 3.0 million shares of worth about $946.55 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 2.51% during that period and on April 18, 2024 the price saw a gain of about 0.46%. Currently the company’s common shares owned by public are about 628.27M shares, out of which, 627.17M shares are available for trading.

However, the stock later moved at a day high price of 322.50, or with a gain of 0.46%. Stock saw a price change of -2.83% in past 5 days and over the past one month there was a price change of -16.42%. Year-to-date (YTD), ACN shares are showing a performance of -9.95% which increased to 12.87% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $261.68 but also hit the highest price of $387.51 during that period. The average intraday trading volume for Accenture plc shares is 2.42 million. The stock is currently trading -5.18% below its 20-day simple moving average (SMA20), while that difference is down -11.65% for SMA50 and it goes to -5.16% lower than SMA200.

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Accenture plc (NYSE: ACN) currently have 628.27M outstanding shares and institutions hold larger chunk of about 78.01% of that.

The stock has a current market capitalization of $198.68B and its 3Y-monthly beta is at 1.19. PE ratio of stock for trailing 12 months is 28.64, while it has posted earnings per share of $11.03 in the same period. Its PEG reads 3.78 and has Quick Ratio of 1.26 while making debt-to-equity ratio of 0.12. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ACN, volatility over the week remained 2.09% while standing at 2.13% over the month.

Stock’s fiscal year EPS is expected to rise by 3.93% while it is estimated to increase by 7.83% in next year. EPS is likely to shrink at an annualized rate of 7.58% for next 5-years, compared to annual growth of 11.18% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Susquehanna on March 21, 2024 offering a Neutral rating for the stock and assigned a target price range of between $400 and $360 to it. Coverage by Guggenheim stated Accenture plc (ACN) stock as a Buy in their note to investors on March 19, 2024, suggesting a price target of $425 for the stock. On January 30, 2024, Mizuho Initiated their recommendations, while on January 17, 2024, Exane BNP Paribas Upgrade their ratings for the stock with a price target of $440. Stock get a Buy rating from Redburn Atlantic on November 16, 2023.

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