Is Accenture plc (ACN) Set To Achieve Price Targets?

The stock of Accenture plc (NYSE:ACN) increased by $5.15 on Wednesday to $287.88, up 1.82 percent. The last five days have seen an average of 2,585,495 shares of common stock traded. 1 time new highs were reached in the current year, with a fall of -$127.03. The average number of shares traded over the last 20 days was 2,278,334, while the average volume over the last 50 days totaled 2,271,882.

ACN stock appreciated 3.33% since last month. On 06/16/22, the company’s shares reached a one-month low of $269.09. The stock touched a high of $417.37 on 01/03/22, after rallying from a low of $268.17 in 52 weeks. The price of ACN stock has declined by -31.80% or -$127.03 this year, reaching a new high 1 time. Still, the stock price is down -31.03% from the 52-week high.

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Insider Transactions

There have been 58 days since Accenture plc (ACN) last reported insider trading activity on Apr 25. On Apr 25, Chief Leadership & HR Officer Shook Ellyn sold 750 shares at $310.55 each. This transaction resulted in the insider making $232,914. On Apr 18, Ollagnier Jean-Marc sold 6,250 shares at a price of US$315.13. After the transaction, the insider now owns 165,866 shares. Chair & CEO Sweet Julie Spellman had earlier sold 3,287 shares on Apr 18 for $315.22 a share. The transaction was completed for $1,036,141.

Valuation Metrics

Accenture plc (ACN) has a trailing price-to-earnings (P/E) ratio of 28.49. Beta for the stock is 1.20. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.25, the price-to-book (PB) ratio of 8.72, and the price-to-cash flow ratio of 41.51.

Company paid $0.97 per share in dividends, remained unchanged from $0.97 last year. A $0.09 dividend increase was reported on Thursday September 23 2021.

Financial Health

For the three months ended February 27, Accenture plc’s quick ratio was 1.20, while its current ratio was 1.20, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 32.30% percent. Accenture plc’s EBITDA margin for the year ended February 27 was 19.03%, whereas its operating margin stood at 15.10% for the same period. Based on annual data, it had gross profit of $16.36 billion and revenue of $50.53 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ACN’s return on assets (ROA) during the last 12 months has been 14.80%. There was a 29.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 32.00%.

Earnings Surprise

According to Accenture plc’s quarterly financial report for the quarter that ended February 27, it had $52.15 million in total debt versus $6.03 million in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $15.05 billion, while revenues rose by 19.66% to $14.97 billion. It was predicted that Accenture plc’s quarterly earnings would be $2.42, but it ended up being $2.28, beating the consensus by 6.10%. EBITDA was $2.59 billion for the quarter. At the end of Accenture plc’s most recent quarter ended February 27, its liabilities totaled 23.16 billion, while its total debt was $3.55 billion. Equity owned by shareholders amounts to $662.94 million.

Technical Picture

Here’s a quick look at Accenture plc’s (ACN) price momentum from a technical perspective. As of 21 June, the RSI 9-day stood at 50.98%, suggesting the stock is Neutral, with a 39.39% historical volatility rate.

The stochastic %K and %D were 29.58% and 20.30% respectively, while the average true range (ATR) was 8.83. Based on the 14-day stochastic reading of 42.63%, the RSI (14) reading is 48.42%. On the 9-day MACD Oscillator, the stock is at 0.68, and the 14-day reading is at -7.86.

Analyst Ratings

In its analyst report released on January 10, 2022, Goldman began covering Accenture plc (NYSE: ACN). The stock was rated as a Neutral by the brokerage firm. Analysts have assigned Accenture plc (ACN) an Overweight rating. ACN is a stock that is recommended for selling by 0 brokerage firms, while 7 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 2 rates it overweight and 17 others recommend it as a buy.

What is ACN’s price target for the next 12 months?

The current consensus forecast for the stock is between $310.00 and $473.00, with a median target price of $371.00. In analyzing these forecasts, the average price target given by analysts for Accenture plc (ACN) is $380.68.


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