Redburn raised the price target for the Accenture plc (NYSE:ACN) stock from “a Neutral” to “a Buy”. The rating was released on July 26, 2021. The research report from Jefferies has initiated the stock to Hold, with a price target set at $309. The stock was upgraded by BofA Securities, who disclosed in a research note on March 18, 2021, from Neutral to Buy and set the price objective to $300. In their research brief published March 08, 2021, Susquehanna analysts upgraded the Accenture plc stock from Neutral to Positive with a price target of $290.
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The latest trade, Performances and Moving Averages give us the following Picture
The share price of Accenture plc (NYSE:ACN) raised 0.53% to close Friday’s market session at $323.45, higher as compared to yesterday’s close. The stock price fluctuated between $321.58 and $324.04 throughout the trading session with the volume trading being 968830 shares, which represented a significant variation when compared to the three months average volume of 1.88 million shares. The firm’s stock price fluctuated 0.50% within the last five trades and 2.70% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 25.63% in the last 6 months and 12.23% was added to its value over the previous 3 months. ACN stock is trading at a margin of 1.94%, 6.61% and 18.69% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, ACN deals in the Technology domain. The stock is trading 0.34 percent below its 52-week high and 53.72 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 40.64. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Accenture plc’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 15.00 percent and the profit margin is 12.10 percent, and the company has reported a gross margin of 32.00 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $214.54 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Accenture plc (NYSE:ACN) is 36.14. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 32.81. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 4.47 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 10.62, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.10 percent of Accenture plc shares are owned by insiders, and 73.20 percent are held by financial institutions. Shook Ellyn, the Chief Leadership & HR Officer at Accenture plc (ACN) has sold 2,600 shares of firm on Jul 23 at a price of $317.47 against the total amount of $0.83 million. In another inside trade, McClure Kathleen R, Chief Financial Officer of Accenture plc (NYSE:ACN) sold 4,500 shares of the firm on Jul 16 for a total worth of $1.41 million at a price of $314.20. An inside trade which took place on Jul 16, Chief Executive – Europe of Accenture plc Ollagnier Jean-Marc sold 5,233 shares of firm against total price of $1.64 million at the cost of $314.20 per share.