Better Times Ahead For Accenture plc (NYSE: ACN)?

Accenture plc (ACN) concluded trading on Wednesday at a closing price of $346.57, with 3.92 million shares of worth about $1.36 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 16.04% during that period and on October 30, 2024 the price saw a loss of about -4.54%. Currently the company’s common shares owned by public are about 625.28M shares, out of which, 623.26M shares are available for trading.

Stock saw a price change of -6.49% in past 5 days and over the past one month there was a price change of -1.54%. Year-to-date (YTD), ACN shares are showing a performance of -1.24% which increased to 18.40% 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 2.24 million. The stock is currently trading -5.04% below its 20-day simple moving average (SMA20), while that difference is down -1.44% for SMA50 and it goes to 3.24% higher than SMA200.

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Accenture plc (NYSE: ACN) currently have 625.28M outstanding shares and institutions hold larger chunk of about 77.39% of that.

The stock has a current market capitalization of $216.56B and its 3Y-monthly beta is at 1.24. PE ratio of stock for trailing 12 months is 30.31, while it has posted earnings per share of $11.43 in the same period. Its PEG reads 3.39 and has Quick Ratio of 1.10 while making debt-to-equity ratio of 0.15. 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 2.34% while standing at 1.60% over the month.

Stock’s fiscal year EPS is expected to rise by 7.51% while it is estimated to increase by 9.21% in next year. EPS is likely to shrink at an annualized rate of 8.93% for next 5-years, compared to annual growth of 9.21% 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 Exane BNP Paribas on Oct-31-24 offering a Neutral rating for the stock and assigned a target price of $375 to it. Coverage by TD Cowen stated Accenture plc (ACN) stock as a Buy in their note to investors on September 30, 2024, suggesting a price target of $400 for the stock. On September 26, 2024, Piper Sandler Upgrade their recommendations, while on July 19, 2024, UBS Upgrade their ratings for the stock with a price target of $400. Stock get an Equal-weight rating from Morgan Stanley on June 26, 2024.

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