The price-to-earnings ratio for Accenture plc (NYSE: ACN) is above average at 30.95x. The 36-month beta value for ACN is also noteworthy at 1.24. There are mixed opinions on the stock, with 13 analysts rating it as a “buy,” 7 rating it as “overweight,” 12 rating it as “hold,” and 1 rating it as “sell.”
The public float for ACN is 623.26M, and at present, short sellers hold a 0.92% of that float. The average trading volume of ACN on November 20, 2024 was 2.35M shares.
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ACN) stock’s latest price update
Accenture plc (NYSE: ACN) has seen a rise in its stock price by 0.33 in relation to its previous close of 352.79. However, the company has experienced a -1.85% decline in its stock price over the last five trading sessions. zacks.com reported 2024-11-19 that Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock’s price, do they really matter?
ACN’s Market Performance
Accenture plc (ACN) has seen a -1.85% fall in stock performance for the week, with a -5.87% decline in the past month and a 6.10% surge in the past quarter. The volatility ratio for the week is 2.35%, and the volatility levels for the past 30 days are at 1.87% for ACN. The simple moving average for the past 20 days is -0.71% for ACN’s stock, with a 5.73% simple moving average for the past 200 days.
Analysts’ Opinion of ACN
Many brokerage firms have already submitted their reports for ACN stocks, with Exane BNP Paribas repeating the rating for ACN by listing it as a “Neutral.” The predicted price for ACN in the upcoming period, according to Exane BNP Paribas is $375 based on the research report published on October 30, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see ACN reach a price target of $400, previously predicting the price at $321. The rating they have provided for ACN stocks is “Buy” according to the report published on September 30th, 2024.
Piper Sandler gave a rating of “Overweight” to ACN, setting the target price at $395 in the report published on September 26th of the current year.
ACN Trading at -0.54% 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 -8.66% of loss for the given period.
Volatility was left at 1.87%, however, over the last 30 days, the volatility rate increased by 2.35%, as shares sank -4.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.80% upper at present.
During the last 5 trading sessions, ACN fell by -1.85%, which changed the moving average for the period of 200-days by -4.43% in comparison to the 20-day moving average, which settled at $356.47. In addition, Accenture plc saw 0.87% 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 Sekido Ryoji, who sale 3,191 shares at the price of $343.70 back on Nov 04 ’24. After this action, Sekido Ryoji now owns 6 shares of Accenture plc, valued at $1,096,761 using the latest closing price.
Sekido Ryoji, the Officer of Accenture plc, proposed sale 3,191 shares at $345.26 during a trade that took place back on Nov 04 ’24, which means that Sekido Ryoji is holding shares at $1,101,725 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 164.21.
Currently, EBITDA for the company is 11.19 billion with net debt to EBITDA at -0.08. When we switch over and look at the enterprise to sales, we see a ratio of 3.39. 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 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 is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
