During the last three months, 10 analysts shared their evaluations of Accenture ACN, revealing diverse outlooks from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
---|---|---|---|---|---|
Total Ratings | 2 | 3 | 5 | 0 | 0 |
Last 30D | 1 | 0 | 1 | 0 | 0 |
1M Ago | 0 | 1 | 1 | 0 | 0 |
2M Ago | 1 | 1 | 1 | 0 | 0 |
3M Ago | 0 | 1 | 2 | 0 | 0 |
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $386.8, a high estimate of $426.00, and a low estimate of $360.00. Surpassing the previous average price target of $354.25, the current average has increased by 9.19%.
Deciphering Analyst Ratings: An In-Depth Analysis
A clear picture of Accenture's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
---|---|---|---|---|---|
David Koning | Baird | Raises | Neutral | $375.00 | $364.00 |
Jason Kupferberg | B of A Securities | Raises | Buy | $419.00 | $379.00 |
Daniel Perlin | RBC Capital | Maintains | Outperform | $374.00 | - |
David Koning | Baird | Raises | Neutral | $364.00 | $344.00 |
Dan Dolev | Mizuho | Announces | Buy | $426.00 | - |
Kevin Mcveigh | UBS | Raises | Neutral | $400.00 | $365.00 |
James Faucette | Morgan Stanley | Raises | Overweight | $400.00 | $369.00 |
Keith Bachman | BMO Capital | Raises | Market Perform | $385.00 | $350.00 |
Kevin Mcveigh | UBS | Raises | Neutral | $365.00 | $333.00 |
Moshe Katri | Wedbush | Raises | Outperform | $360.00 | $330.00 |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Accenture. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Accenture compared to the broader market.
- Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Accenture's stock. This examination reveals shifts in analysts' expectations over time.
For valuable insights into Accenture's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
Stay up to date on Accenture analyst ratings.
Get to Know Accenture Better
Accenture is a leading global IT-services firm that provides consulting, strategy, and technology and operational services. These services run the gamut from aiding enterprises with digital transformation to procurement services to software system integration. The company provides its IT offerings to a variety of sectors, including communications, media and technology, financial services, health and public services, consumer products, and resources. Accenture employs just under 500,000 people throughout 200 cities in 51 countries.
Accenture: Delving into Financials
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Revenue Growth: Over the 3 months period, Accenture showcased positive performance, achieving a revenue growth rate of 3.03% as of 30 November, 2023. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Information Technology sector.
Net Margin: Accenture's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 12.16%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Accenture's ROE excels beyond industry benchmarks, reaching 7.54%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Accenture's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 3.84%, the company showcases efficient use of assets and strong financial health.
Debt Management: Accenture's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.12.
The Basics of Analyst Ratings
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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