Accenture plc (NYSE: ACN): Analyst View Points To Future Growth

Accenture plc (ACN) concluded trading on Thursday at a closing price of $372.16, with 6.06 million shares of worth about $2.26 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 20.45% during that period and on December 19, 2024 the price saw a gain of about 7.06%. Currently the company’s common shares owned by public are about 625.28M shares, out of which, 623.88M shares are available for trading.

Stock saw a price change of 3.33% in past 5 days and over the past one month there was a price change of 5.14%. Year-to-date (YTD), ACN shares are showing a performance of 6.06% which increased to 8.97% 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 2.45 million. The stock is currently trading 3.34% above its 20-day simple moving average (SMA20), while that difference is up 3.28% for SMA50 and it goes to 11.60% higher than SMA200.

Accenture plc (NYSE: ACN) currently have 625.28M outstanding shares and institutions hold larger chunk of about 77.58% of that.

The stock has a current market capitalization of $232.78B and its 3Y-monthly beta is at 1.23. PE ratio of stock for trailing 12 months is 32.55, while it has posted earnings per share of $11.43 in the same period. Its PEG reads 3.72 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 2.28% while standing at 1.90% over the month.

Stock’s fiscal year EPS is expected to rise by 6.61% while it is estimated to increase by 9.57% in next year. EPS is likely to shrink at an annualized rate of 8.75% 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 Goldman on December 06, 2024 offering a Buy rating for the stock and assigned a target price range of between $370 and $420 to it. Coverage by Exane BNP Paribas stated Accenture plc (ACN) stock as a Neutral in their note to investors on October 30, 2024, suggesting a price target of $375 for the stock. On September 30, 2024, TD Cowen Upgrade their recommendations, while on September 26, 2024, Piper Sandler Upgrade their ratings for the stock with a price target of $395. Stock get a Buy rating from UBS on July 19, 2024.

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