Accenture plc (NYSE: ACN)’s stock price has gone decline by -2.91 in comparison to its previous close of 323.15, however, the company has experienced a -3.82% decrease in its stock price over the last five trading days. seekingalpha.com reported 2024-08-03 that This article is part of our monthly series where we highlight five large-cap, relatively safe, dividend-paying companies offering large discounts to their historical norms. We go over our filtering process to select just five conservative DGI stocks from more than 7,500 companies that are traded on U.S. exchanges, including OTC networks. In addition to the primary list that yields about 3.6%, we present two other groups of five DGI stocks each, with the goal of moderate to high yields.
Is It Worth Investing in Accenture plc (NYSE: ACN) Right Now?
The price-to-earnings ratio for Accenture plc (NYSE: ACN) is above average at 28.72x. The 36-month beta value for ACN is also noteworthy at 1.23. There are mixed opinions on the stock, with 9 analysts rating it as a “buy,” 7 rating it as “overweight,” 12 rating it as “hold,” and 1 rating it as “sell.”
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The public float for ACN is 624.91M, and at present, short sellers hold a 1.06% of that float. The average trading volume of ACN on August 06, 2024 was 3.50M shares.
ACN’s Market Performance
ACN stock saw an increase of -3.82% in the past week, with a monthly gain of 4.88% and a quarterly increase of 3.30%. The volatility ratio for the week is 2.16%, and the volatility levels for the last 30 days are 2.17% for Accenture plc (ACN). The simple moving average for the past 20 days is -2.17% for ACN’s stock, with a -5.03% simple moving average for the past 200 days.
Analysts’ Opinion of ACN
Many brokerage firms have already submitted their reports for ACN stocks, with UBS repeating the rating for ACN by listing it as a “Buy.” The predicted price for ACN in the upcoming period, according to UBS is $400 based on the research report published on July 19, 2024 of the current year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see ACN reach a price target of $300, previously predicting the price at $382. The rating they have provided for ACN stocks is “Equal-Weight” according to the report published on June 26th, 2024.
Goldman gave a rating of “Neutral” to ACN, setting the target price at $335 in the report published on June 24th of the current year.
ACN Trading at 2.60% from the 50-Day Moving Average
After a stumble in the market that brought ACN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -19.04% of loss for the given period.
Volatility was left at 2.17%, however, over the last 30 days, the volatility rate increased by 2.16%, as shares surge +4.77% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.16% upper at present.
During the last 5 trading sessions, ACN fell by -3.82%, which changed the moving average for the period of 200-days by +1.78% in comparison to the 20-day moving average, which settled at $321.40. In addition, Accenture plc saw -10.59% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ACN starting from Shook Ellyn, who sale 5,000 shares at the price of $329.82 back on Jul 23 ’24. After this action, Shook Ellyn now owns 8,989 shares of Accenture plc, valued at $1,649,122 using the latest closing price.
Unruch Joel, the General Counsel/Corp Secretary of Accenture plc, sale 8,145 shares at $331.05 during a trade that took place back on Jul 22 ’24, which means that Unruch Joel is holding 22,849 shares at $2,696,423 based on the most recent closing price.
Stock Fundamentals for ACN
Current profitability levels for the company are sitting at:
- 0.14 for the present operating margin
- 0.33 for the gross margin
The net margin for Accenture plc stands at 0.11. The total capital return value is set at 0.26. Equity return is now at value 26.20, with 13.34 for asset returns.
Based on Accenture plc (ACN), the company’s capital structure generated 0.08 points at debt to capital in total, while cash flow to debt ratio is standing at 3.88. The debt to equity ratio resting at 0.09. The interest coverage ratio of the stock is 299.42.
Currently, EBITDA for the company is 10.59 billion with net debt to EBITDA at -0.09. When we switch over and look at the enterprise to sales, we see a ratio of 3.03. The receivables turnover for the company is 4.88for trailing twelve months and the total asset turnover is 1.19. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.16.
Conclusion
In summary, Accenture plc (ACN) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
