While Accenture plc has underperformed by -2.74%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ACN rose by 4.59%, with highs and lows ranging from $398.35 to $278.69, whereas the simple moving average jumped by 15.16% in the last 200 days.
On January 08, 2025, Wolfe Research Upgraded Accenture plc (NYSE: ACN) to Outperform. A report published by Goldman on December 06, 2024, Upgraded its rating to ‘Buy’ for ACN. Exane BNP Paribas also Downgraded ACN shares as ‘Neutral’, setting a target price of $375 on the company’s shares in a report dated October 30, 2024. TD Cowen September 30, 2024d the rating to Buy on September 30, 2024, and set its price target from $321 to $400. Piper Sandler September 26, 2024d its ‘Neutral’ rating to ‘Overweight’ for ACN, as published in its report on September 26, 2024. UBS’s report from July 19, 2024 suggests a price prediction of $400 for ACN shares, giving the stock a ‘Buy’ rating. Morgan Stanley also rated the stock as ‘Equal-Weight’.
Analysis of Accenture plc (ACN)
The current dividend for ACN investors is set at $5.54 per share, indicating investors will get a return regardless of how the company performs over the next quarter. Further, the quarter-over-quarter increase in sales is 9.03%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Accenture plc’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of 27.10% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.47, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and ACN is recording an average volume of 2.62M. On a monthly basis, the volatility of the stock is set at 2.26%, whereas on a weekly basis, it is put at 2.47%, with a gain of 1.73% over the past seven days. Furthermore, long-term investors anticipate a median target price of $404.95, showing growth from the present price of $387.34, which can serve as yet another indication of whether ACN is worth investing in or should be passed over.
How Do You Analyze Accenture plc Shares?
Accenture plc (ACN) is based in the Ireland and is one of the most prominent companies operating in the Information Technology Services market. When comparing Accenture plc shares with other companies under Technology, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 32.47, there is a growth in quarterly earnings of 15.97%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.27%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 77.60% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
ACN shares are owned by institutional investors to the tune of 77.60% at present.
