In the latest session, Accenture plc (NYSE: ACN) closed at $345.03 down -9.31% from its previous closing price of $380.44. In other words, the price has decreased by -$35.41 from its previous closing price. On the day, 9569537 shares were traded.
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Ratios:
For a deeper understanding of Accenture plc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 42.21 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 24.59. For the most recent quarter (mrq), Quick Ratio is recorded 1.26 and its Current Ratio is at 1.26. In the meantime, Its Debt-to-Equity ratio is 0.12 whereas as Long-Term Debt/Eq ratio is at 0.09.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Susquehanna on Mar-22-24, Downgraded its rating to Neutral and sets its target price to $360 from $400 previously.
On March 19, 2024, Guggenheim started tracking the stock assigning a Buy rating and target price of $425.
On January 30, 2024, Mizuho started tracking the stock assigning a Buy rating and target price of $426.Mizuho initiated its Buy rating on January 30, 2024, with a $426 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Feb 05 ’24 when Sweet Julie Spellman sold 7,361 shares for $370.35 per share. The transaction valued at 2,726,126 led to the insider holds 18,713 shares of the business.
McClure Kathleen R sold 2,070 shares of ACN for $766,555 on Feb 05 ’24. The Chief Financial Officer now owns 47,110 shares after completing the transaction at $370.32 per share. On Feb 05 ’24, another insider, Sharma Manish, who serves as the CEO-North America of the company, sold 1,486 shares for $370.39 each. As a result, the insider received 550,392 and left with 4,503 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ACN now has a Market Capitalization of 216.93B and an Enterprise Value of 214.96B. As of this moment, Accenture’s Price-to-Earnings (P/E) ratio for their current fiscal year is 31.28, and their Forward P/E ratio for the next fiscal year is 26.05. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.16. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.35 while its Price-to-Book (P/B) ratio in mrq is 8.00. Its current Enterprise Value per Revenue stands at 3.33 whereas that against EBITDA is 20.22.
Stock Price History:
Over the past 52 weeks, ACN has reached a high of $387.51, while it has fallen to a 52-week low of $253.03. The 50-Day Moving Average of the stock is 369.93, while the 200-Day Moving Average is calculated to be 331.36.
Shares Statistics:
For the past three months, ACN has traded an average of 1.98M shares per day and 2.95M over the past ten days. A total of 628.27M shares are outstanding, with a floating share count of 625.34M. Insiders hold about 0.26% of the company’s shares, while institutions hold 78.32% stake in the company. Shares short for ACN as of Feb 29, 2024 were 7.42M with a Short Ratio of 3.75, compared to 7.17M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.18% and a Short% of Float of 1.18%.
Dividends & Splits
According to the company, the forward annual dividend rate for ACN is 4.82, from 4.82 in the trailing year. Against a Trailing Annual Dividend Yield of 1.27%, it implies a Forward Annual Dividend Yield of 1.36%. The stock’s 5-year Average Dividend Yield is 1.34. The current Payout Ratio is 41.59% for ACN, which recently paid a dividend on Feb 15, 2024 with an ex-dividend date of Jan 17, 2024. Stock splits for the company last occurred on Dec 30, 2011 when the company split stock in a 10:1 ratio.
Earnings Estimates
There are 21 different market analysts currently analyzing its stock. On average, analysts expect EPS of $2.66 for the current quarter, with a high estimate of $2.8 and a low estimate of $2.51, while EPS last year was $2.69. The consensus estimate for the next quarter is $3.3, with high estimates of $3.37 and low estimates of $3.17.
Analysts are recommending an EPS of between $12.49 and $12.05 for the fiscal current year, implying an average EPS of $12.24. EPS for the following year is $13.46, with 24 analysts recommending between $14.88 and $12.73.
Revenue Estimates
A total of 27 analysts have provided revenue estimates for ACN’s current fiscal year. The highest revenue estimate was $67.29B, while the lowest revenue estimate was $65.34B, resulting in an average revenue estimate of $66.18B. In the same quarter a year ago, actual revenue was $64.11B, up 3.20% from the average estimate. Based on 26 analysts’ estimates, the company’s revenue will be $71.11B in the next fiscal year. The high estimate is $75.84B and the low estimate is $68.74B. The average revenue growth estimate for next year is up 7.40% from the average revenue estimate for this year.
