Are Analysts Expecting A Better 2020 For Accenture plc (ACN)?

Accenture plc (ACN) concluded trading on Wednesday at a closing price of $328.68, with 3.28 million shares of worth about $1.08 billion changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -11.13% during that period and on July 24, 2024 the price saw a loss of about -0.50%. Currently the company’s common shares owned by public are about 628.27M shares, out of which, 624.90M shares are available for trading.

Stock saw a price change of 0.95% in past 5 days and over the past one month there was a price change of 6.99%. Year-to-date (YTD), ACN shares are showing a performance of -6.33% which increased to 4.91% 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 3.66 million. The stock is currently trading 5.70% above its 20-day simple moving average (SMA20), while that difference is up 8.72% for SMA50 and it goes to -0.28% lower than SMA200.

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Accenture plc (NYSE: ACN) currently have 628.27M outstanding shares and institutions hold larger chunk of about 79.74% of that.

The stock has a current market capitalization of $205.88B and its 3Y-monthly beta is at 1.23. PE ratio of stock for trailing 12 months is 30.09, while it has posted earnings per share of $10.92 in the same period. Its PEG reads 4.20 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 1.72% while standing at 1.93% over the month.

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 UBS on July 19, 2024 offering a Buy rating for the stock and assigned a target price of $400 to it. Coverage by Morgan Stanley stated Accenture plc (ACN) stock as an Equal-weight in their note to investors on June 26, 2024, suggesting a price target of $300 for the stock. On June 24, 2024, Goldman Initiated their recommendations, while on May 15, 2024, Deutsche Bank Downgrade their ratings for the stock with a price target of $295. Stock get a Neutral rating from Susquehanna on March 21, 2024.

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