Accenture plc (NYSE: ACN) has experienced a decline in its stock price by -1.13 compared to its previous closing price of 376.03. However, the company has seen a gain of 0.85% in its stock price over the last five trading days. zacks.com reported 2024-10-22 that Accenture (ACN) possesses solid growth attributes, which could help it handily outperform the market.
Is It Worth Investing in Accenture plc (NYSE: ACN) Right Now?
Accenture plc (NYSE: ACN) has a higher price-to-earnings ratio of 32.51x compared to its average ratio, The 36-month beta value for ACN is at 1.24. Analysts have varying views on the stock, with 9 analysts rating it as a “buy,” 7 rating it as “overweight,” 12 as “hold,” and 1 as “sell.”
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The public float for ACN is 623.24M, and currently, shorts hold a 0.97% of that float. The average trading volume for ACN on October 23, 2024 was 2.27M shares.
ACN’s Market Performance
ACN stock saw an increase of 0.85% in the past week, with a monthly gain of 9.60% and a quarterly increase of 13.12%. The volatility ratio for the week is 1.20%, and the volatility levels for the last 30 days are 1.62% for Accenture plc (ACN). The simple moving average for the past 20 days is 2.74% for ACN’s stock, with a 10.88% simple moving average for the past 200 days.
Analysts’ Opinion of ACN
Many brokerage firms have already submitted their reports for ACN stocks, with TD Cowen repeating the rating for ACN by listing it as a “Buy.” The predicted price for ACN in the upcoming period, according to TD Cowen is $400 based on the research report published on September 30, 2024 of the current year 2024.
Piper Sandler, on the other hand, stated in their research note that they expect to see ACN reach a price target of $395, previously predicting the price at $329. The rating they have provided for ACN stocks is “Overweight” according to the report published on September 26th, 2024.
UBS gave a rating of “Buy” to ACN, setting the target price at $400 in the report published on July 19th of the current year.
ACN Trading at 7.05% 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 -4.06% of loss for the given period.
Volatility was left at 1.62%, however, over the last 30 days, the volatility rate increased by 1.20%, as shares surge +9.47% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.42% upper at present.
During the last 5 trading sessions, ACN rose by +0.85%, which changed the moving average for the period of 200-days by +10.45% in comparison to the 20-day moving average, which settled at $361.86. In addition, Accenture plc saw 5.95% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ACN starting from Beatty Angela, who proposed sale 673 shares at the price of $372.18 back on Oct 22 ’24. After this action, Beatty Angela now owns shares of Accenture plc, valued at $250,477 using the latest closing price.
Sweet Julie Spellman, the Chair and CEO of Accenture plc, sale 9,000 shares at $376.16 during a trade that took place back on Oct 21 ’24, which means that Sweet Julie Spellman is holding 20,324 shares at $3,385,464 based on the most recent closing price.
Stock Fundamentals for ACN
Current profitability levels for the company are sitting at:
- 0.15 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 26.92, with 13.56 for asset returns.
Based on Accenture plc (ACN), the company’s capital structure generated 0.03 points at debt to capital in total, while cash flow to debt ratio is standing at 8.91. The debt to equity ratio resting at 0.04. The interest coverage ratio of the stock is 728.13.
Currently, EBITDA for the company is 11.07 billion with net debt to EBITDA at -0.34. When we switch over and look at the enterprise to sales, we see a ratio of 3.52. The receivables turnover for the company is 4.75for trailing twelve months and the total asset turnover is 1.16. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.10.
Conclusion
In conclusion, Accenture plc (ACN) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
