Analysts’ ratings for Accenture (ACN) over the last quarter have varied from bullish to bearish, as provided by 7 analysts. This article provides a snapshot of their recent ratings and how sentiments have evolved over the past 30 days compared to the preceding months.
The table below showcases the recent ratings:
| Rating | Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish |
|—————–|———|—————–|————-|——————|———|
| Total Ratings | 1 | 2 | 4 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 1 | 1 | 1 | 0 | 0 |
| 2M Ago | 0 | 0 | 2 | 0 | 0 |
| 3M Ago | 0 | 1 | 0 | 0 | 0 |
These ratings reflect the analysts’ views on Accenture’s performance and outlook. The number of bullish, somewhat bullish, indifferent, somewhat bearish, and bearish ratings provide insights into the sentiment surrounding the stock.
Analysts have also set 12-month price targets for Accenture, with an average target of $385.71. The high estimate is $426.00, and the low estimate is $360.00. The current average target represents an increase of 10.68% compared to the previous average price target of $348.50.
Now let’s take a detailed examination of recent analyst actions:
– David Koning from Baird raised his price target from $344.00 to $364.00 while maintaining a Neutral rating.
– Dan Dolev from Mizuho announced a Buy rating with a price target of $426.00.
– Kevin Mcveigh from UBS raised his price target from $365.00 to $400.00 while maintaining a Neutral rating.
– James Faucette from Morgan Stanley raised his price target from $369.00 to $400.00 with an Overweight rating.
– Keith Bachman from BMO Capital raised his price target from $350.00 to $385.00 with a Market Perform rating.
– Kevin Mcveigh from UBS raised his price target from $333.00 to $365.00 while maintaining a Neutral rating.
– Moshe Katri from Wedbush raised his price target from $330.00 to $360.00 with an Outperform rating.
These actions reflect the analysts’ reactions to recent developments related to Accenture and provide insights into their current views on the company.
Analyzing these ratings alongside crucial financial indicators can provide a comprehensive overview of Accenture’s market position. The company is a leading global IT-services firm that provides consulting, strategy, and technology and operational services. It serves various sectors, including communications, media and technology, financial services, health and public services, consumer products, and resources.
Accenture’s financial indicators highlight its strong market position. The company has a market capitalization above the industry average, indicating market prominence. Its revenue growth over the past three months has been noteworthy, exceeding the average among peers in the Information Technology sector. The company also showcases strong profitability and efficient cost management with its exceptional net margin of 12.16%.
Additionally, Accenture’s return on equity (ROE) and return on assets (ROA) surpass industry benchmarks, indicating robust financial management and efficient use of capital. The company adopts a prudent debt management strategy, with a below-average debt-to-equity ratio of 0.12.
Analyst ratings are crucial in understanding how financial experts perceive Accenture and can provide valuable insights for investors. They assess stock performance, provide qualitative insights, and predict price targets. However, it’s important to note that analysts’ ratings are based on their beliefs and can be subject to change.
In conclusion, analyzing analysts’ ratings alongside financial indicators can help investors make well-informed decisions about Accenture. The company’s strong market position and positive ratings indicate a favorable outlook, but investors should consider their own research and risk tolerance before making any investment decisions.
