Accenture plc [NYSE: ACN] gained 1.39% or 4.95 points to close at $361.24 with a heavy trading volume of 3644592 shares.
The daily chart for ACN points out that the company has recorded 9.31% gains over the past six months.
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If we look at the average trading volume of 2.51M shares, ACN reached to a volume of 3644592 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $384.10 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 1.82. 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.
TD Cowen have made an estimate for Accenture plc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 30, 2024. While these analysts kept the previous recommendation, Piper Sandler raised their target price from $329 to $395. The new note on the price target was released on September 26, 2024, representing the official price target for Accenture plc stock. Previously, the target price had yet another raise to $400, while UBS analysts kept a Buy rating on ACN stock. On June 26, 2024, analysts decreased their price target for ACN shares from 382 to 300.
The Average True Range (ATR) for Accenture plc is set at 7.50, with the Price to Sales ratio for ACN stock in the period of the last 12 months amounting to 3.49. The Price to Book ratio for the last quarter was 7.99, with the Price to Cash per share for the same quarter was set at 8.00. Price to Free Cash Flow for ACN in the course of the last twelve months was 26.27 with Quick ratio for the last quarter at 1.16.
Trading performance analysis for ACN stock
Accenture plc [ACN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.53. With this latest performance, ACN shares gained by 5.01% in over the last four-week period, additionally plugging by 9.31% over the last 6 months – not to mention a rise of 17.96% 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 66.57, with the RSI for the last a single of trading hit 69.58, and the three-weeks RSI is set at 64.82 for Accenture plc [ACN]. The present Moving Average for the last 50 days of trading for this stock 335.72, while it was recorded at 354.54 for the last single week of trading, and 333.92 for the last 200 days.
Accenture plc [ACN]: A deeper dive into fundamental analysis
Accenture plc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.16 and a Current Ratio set at 1.10.
Accenture plc [ACN]: An earnings per share (EPS) analysis
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 8.59%.
An analysis of Institutional ownership at Accenture plc [ACN]
There are presently around $78.07%, or 78.12%% of ACN stock, in the hands of institutional investors. The top three institutional holders of ACN stocks are: VANGUARD GROUP INC with ownership of 59.68 million shares, which is approximately 9.4971%. BLACKROCK INC., holding 48.98 million shares of the stock with an approximate value of $$14.86 billion in ACN stocks shares; and BLACKROCK INC., currently with $$8.17 billion in ACN stock with ownership which is approximately 4.2857%.
