Accenture plc (ACN) concluded trading on Wednesday at a closing price of $305.30, with 1.75 million shares of worth about $534.65 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -12.00% during that period and on Wednesday the price saw a gain of about 0.48%. Currently the company’s common shares owned by public are about 628.27M shares, out of which, 624.78M shares are available for trading.
Stock saw a price change of 0.22% in past 5 days and over the past one month there was a price change of 8.35%. Year-to-date (YTD), ACN shares are showing a performance of -13.00% which decreased to -1.82% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $278.69 but also hit the highest price of $387.51 during that period. The average intraday trading volume for Accenture plc shares is 3.51 million. The stock is currently trading 3.20% above its 20-day simple moving average (SMA20), while that difference is up 1.58% for SMA50 and it goes to -7.33% lower than SMA200.
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Accenture plc (NYSE: ACN) currently have 628.27M outstanding shares and institutions hold larger chunk of about 79.22% of that.
The stock has a current market capitalization of $191.23B and its 3Y-monthly beta is at 1.23. PE ratio of stock for trailing 12 months is 27.95, while it has posted earnings per share of $10.92 in the same period. Its PEG reads 3.90 and has Quick Ratio of 1.16 while making debt-to-equity ratio of 0.17. 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 1.24% while standing at 2.05% over the month.
Analysts are in expectations that Accenture plc (ACN) stock would likely to be making an EPS of 2.78 in the current quarter, while forecast for next quarter EPS is 3.36 and it is 12.79 for next year. For the current quarter EPS, analysts have given the company a lowest target 2.72 which is 2.86 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of 2.71 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 2.38% while it is estimated to increase by 6.74% in next year. EPS is likely to shrink at an annualized rate of 7.17% 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 Morgan Stanley on June 26, 2024 offering an Equal-weight rating for the stock and assigned a target price range of between $382 and $300 to it. Coverage by Goldman stated Accenture plc (ACN) stock as a Neutral in their note to investors on June 24, 2024, suggesting a price target of $335 for the stock. On May 15, 2024, Deutsche Bank Downgrade their recommendations, while on March 21, 2024, Susquehanna Downgrade their ratings for the stock with a price target of $360. Stock get a Buy rating from Guggenheim on March 19, 2024.
