Accenture plc [NYSE: ACN] plunged by -$16.47 during the normal trading session on while it closed the day at $346.57.
Accenture plc stock has also loss -6.49% of its value over the past 7 days. However, ACN stock has inclined by 5.64% in the 3 months of the year. Over the past six months meanwhile, it has gained 16.04% and lost -1.24% year-on date.
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The market cap for ACN stock reached $216.56 billion, with 625.28 million shares outstanding and 623.26 million shares in the current float. Compared to the average trading volume of 2.24M shares, ACN reached a trading volume of 3915962 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to 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 $384.57 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 1.89. 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.
Exane BNP Paribas have made an estimate for Accenture plc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on Oct-31-24. While these analysts kept the previous recommendation, TD Cowen raised their target price from $321 to $400. The new note on the price target was released on September 30, 2024, representing the official price target for Accenture plc stock. Previously, the target price had yet another raise from $329 to $395, while Piper Sandler kept a Overweight rating on ACN stock.
The Average True Range (ATR) for Accenture plc is set at 6.97, with the Price to Sales ratio for ACN stock in the period of the last 12 months amounting to 3.34. The Price to Book ratio for the last quarter was 7.66, with the Price to Cash per share for the same quarter was set at 8.02. Price to Free Cash Flow for ACN in the course of the last twelve months was 25.14 with Quick ratio for the last quarter at 1.10.
ACN stock trade performance evaluation
Accenture plc [ACN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.49. With this latest performance, ACN shares dropped by -1.54% in over the last four-week period, additionally plugging by 16.04% over the last 6 months – not to mention a rise of 18.40% 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 37.76, with the RSI for the last a single of trading hit 27.89, and the three-weeks RSI is set at 43.95 for Accenture plc [ACN]. The present Moving Average for the last 50 days of trading for this stock 351.63, while it was recorded at 359.19 for the last single week of trading, and 335.70 for the last 200 days.
Accenture plc [ACN]: An insightful look at the core fundamentals
Accenture plc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.10.
Earnings per share (EPS) analysis for Accenture plc [ACN] stock
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 8.93%.
Accenture plc [ACN]: Institutional Ownership
There are presently around $72.79%, or 72.84%% 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%.
