Accenture plc [NYSE: ACN] stock went on a downward path that fall over -1.72% on Thursday, amounting to a one-week price increase of more than 2.09%.
Over the last 12 months, ACN stock rose by 16.37%. The one-year Accenture plc stock forecast points to a potential upside of 21.14. The average equity rating for ACN stock is currently 1.90, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $192.77 billion, with 628.27 million shares outstanding and 627.20 million shares in the current float. Compared to the average trading volume of 2.68M shares, ACN stock reached a trading volume of 3237877 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Accenture plc [ACN]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ACN shares is $388.78 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ACN stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Susquehanna have made an estimate for Accenture plc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on March 21, 2024. While these analysts kept the previous recommendation, Guggenheim raised their target price to Buy. The new note on the price target was released on March 19, 2024, representing the official price target for Accenture plc stock. Previously, the target price had yet another raise to $426, while Mizuho analysts kept a Buy rating on ACN stock.
The Average True Range (ATR) for Accenture plc is set at 5.78, with the Price to Sales ratio for ACN stock in the period of the last 12 months amounting to 2.99. The Price to Book ratio for the last quarter was 7.11, with the Price to Cash per share for the same quarter was set at 8.15. Price to Free Cash Flow for ACN in the course of the last twelve months was 21.91 with Quick ratio for the last quarter at 1.26.
ACN Stock Performance Analysis:
Accenture plc [ACN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.09. With this latest performance, ACN shares dropped by -5.48% in over the last four-week period, additionally sinking by -2.72% over the last 6 months – not to mention a rise of 16.37% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ACN stock in for the last two-week period is set at 37.36, with the RSI for the last a single of trading hit 41.20, and the three-weeks RSI is set at 36.60 for Accenture plc [ACN]. The present Moving Average for the last 50 days of trading for this stock 338.06, while it was recorded at 307.81 for the last single week of trading, and 332.80 for the last 200 days.
Insight into Accenture plc Fundamentals:
Accenture plc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.26 and a Current Ratio set at 1.26.
ACN Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ACN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Accenture plc go to 7.58%.
Accenture plc [ACN] Institutonal Ownership Details
The top three institutional holders of ACN stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in ACN stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in ACN stock with ownership which is approximately 5.8386%.
