Accenture plc [NYSE: ACN] jumped around 2.55 points on Thursday, while shares priced at $297.99 at the close of the session, up 0.86%.
Compared to the average trading volume of 3.53M shares, ACN reached a trading volume of 2987879 in the most recent trading day, which is why market watchdogs consider the stock to be active.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
What do top market gurus say about 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 $343.18 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 1.93. 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.
Morgan Stanley have made an estimate for Accenture plc shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on June 26, 2024. While these analysts kept the previous recommendation, Goldman raised their target price to Neutral. The new note on the price target was released on June 24, 2024, representing the official price target for Accenture plc stock. Previously, the target price had yet another drop from $409 to $295, while Deutsche Bank kept a Hold rating on ACN stock. On March 21, 2024, analysts decreased their price target for ACN shares from 400 to 360.
The Average True Range (ATR) for Accenture plc is set at 6.57, with the Price to Sales ratio for ACN stock in the period of the last 12 months amounting to 2.89. The Price to Book ratio for the last quarter was 6.73, with the Price to Cash per share for the same quarter was set at 8.85. Price to Free Cash Flow for ACN in the course of the last twelve months was 21.53 with Quick ratio for the last quarter at 1.16.
How has ACN stock performed recently?
Accenture plc [ACN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.54. With this latest performance, ACN shares gained by 2.60% in over the last four-week period, additionally sinking by -13.06% over the last 6 months – not to mention a drop of -3.79% 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 48.05, with the RSI for the last a single of trading hit 46.93, and the three-weeks RSI is set at 47.12 for Accenture plc [ACN]. The present Moving Average for the last 50 days of trading for this stock 299.12, while it was recorded at 298.02 for the last single week of trading, and 328.97 for the last 200 days.
Accenture plc [ACN]: Deeper insight into the fundamentals
Accenture plc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.16 and a Current Ratio set at 1.16.
Earnings analysis for Accenture plc [ACN]
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 7.17%.
Insider trade positions for Accenture plc [ACN]
The top three institutional holders of ACN stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in ACN stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in ACN stock with ownership which is approximately 5.1238%.
