BMO Capital Markets Indicates Potential 2.55% Increase In Shares Of Accenture PLC
- Author: Zachary Reyes Mar 25, 2017,
Mar 25, 2017, 11:16
They now have a $135.00 price objective on the stock. Deutsche Bank AG reissued a "buy" rating and issued a $127.00 target price (down previously from $131.00) on shares of Accenture Plc in a report on Friday, December 23rd. Its price to free cash flow for trailing twelve months is 24.29 and Current ratio for most recent quarter of 1.20. Wedbush reiterated a "top pick" rating and issued a $135.00 price objective on shares of Accenture Plc in a research report on Monday.
Shares of Accenture Plc (NYSE:ACN) opened at 120.76 on Friday.
Important factors to focus when evaluating a stock's present and future value are the 52 week price high and low levels.
The stock's price switched up 2.18% 20-Days Simple Moving Average, added 5.94% from 50-Days Simple Moving Average and rose 8.54% from 200 Days Simple Moving Average.
Accenture plc (NYSE:ACN) has been trading in a bullish trend. Buy rating has been given by 4 analysts to the company stock whereas 1 analyst given UNDERPERFORM rating to stock and 12 analysts given HOLD rating.
Outsourcing net revenues were $3.91 billion, an increase of 7% in US dollars and 8% in constant currency. Accenture Plc had a return on equity of 46.99% and a net margin of 12.34%. The company had Year Ago Sales of $4.44 Billion. During the same period in the prior year, the business earned $1.34 EPS.
For the current quarter ending in June, Accenture said it expects revenue in the range of $8.65 billion to $8.9 billion. If you are viewing this news story on another website, it was illegally copied and republished in violation of USA & global copyright & trademark laws.
On 2/15/2017 Richard Lumb, Insider, sold 4,400 with an average share price of $120.00 per share and the total transaction amounting to $528,000.00.
Another critical number in evaluating a stock is P/E or the price to earnings ratio. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The High end of the forecast is $3.55/share, while the Low end is $3.2/share. The disclosure for this sale can be found here.
Want to see what other hedge funds are holding ACN? The consensus recommendation by Thomson Reuters analysts is Hold and their mean rating for the stock is 2.54 on scale of 1-5. The stock is up 6.29% in this year through last close, and the beta ratio has a value of 1.13.
Accenture reported new signings of $9.2 billion during Q2, which bought the total order backlog to $36 billion, according to our estimates. Northern Trust Corp raised its position in shares of Accenture Plc by 0.7% in the third quarter. For ACN, the company now has 4.08 billion of cash on the books, which is offset by 2.77 million in current liabilities. Highland Capital Management LLC now owns 7,522 shares of the company's stock valued at $919,000 after buying an additional 86 shares during the last quarter.
Accenture plc is a professional services company serving clients in various industries and in geographic regions, including North America, Europe and Growth Markets.
Accenture (NYSE:ACN) reported its Q2 2017 results on March 23, posting 5% year-over-year growth (6% in constant currency) in revenues to $8.32 billion. It operates through the following segments: Communications, Media, and Technology, Financial Services, Health and Public Service, Products, Resources and Other.