Accenture ACN has been analyzed by 17 analysts in the last three months, revealing a diverse range of perspectives 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 | 4 | 3 | 10 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 3 | 3 | 7 | 0 | 0 |
| 2M Ago | 1 | 0 | 2 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $336.88, a high estimate of $400.00, and a low estimate of $275.00. Observing a downward trend, the current average is 10.11% lower than the prior average price target of $374.75.
Deciphering Analyst Ratings: An In-Depth Analysis
The perception of Accenture by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| James Schneider | Goldman Sachs | Announces | Neutral | $335.00 | - |
| James Faucette | Morgan Stanley | Maintains | Overweight | $400.00 | $400.00 |
| Bryan Bergin | TD Cowen | Lowers | Hold | $293.00 | $294.00 |
| Keith Bachman | BMO Capital | Lowers | Market Perform | $350.00 | $375.00 |
| James Friedman | Susquehanna | Lowers | Neutral | $350.00 | $360.00 |
| Arvind Ramnani | Piper Sandler | Maintains | Neutral | $320.00 | $320.00 |
| Dan Dolev | Mizuho | Lowers | Buy | $350.00 | $398.00 |
| Ramsey El-Assal | Barclays | Lowers | Overweight | $350.00 | $390.00 |
| Arvind Ramnani | Piper Sandler | Lowers | Neutral | $320.00 | $379.00 |
| Moshe Katri | Wedbush | Lowers | Outperform | $350.00 | $400.00 |
| David Grossman | Stifel | Lowers | Buy | $340.00 | $395.00 |
| Bryan Bergin | TD Cowen | Lowers | Hold | $294.00 | $350.00 |
| Surinder Thind | Jefferies | Lowers | Hold | $275.00 | $340.00 |
| Jason Kupferberg | B of A Securities | Lowers | Buy | $365.00 | $419.00 |
| Jonathan Lee | Guggenheim | Maintains | Buy | $395.00 | $395.00 |
| David Koning | Baird | Lowers | Neutral | $345.00 | $372.00 |
| Bryan Keane | Deutsche Bank | Lowers | Hold | $295.00 | $409.00 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Accenture. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Accenture compared to the broader market.
- Price Targets: Understanding forecasts, analysts offer estimates for Accenture's future value. Examining the current and prior targets provides insight into analysts' changing expectations.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Accenture's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on Accenture analyst ratings.
Discovering Accenture: A Closer Look
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's Economic Impact: An Analysis
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
Revenue Growth: Accenture's revenue growth over a period of 3 months has faced challenges. As of 31 May, 2024, the company experienced a revenue decline of approximately -0.59%. This indicates a decrease 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: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 11.73%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 7.04%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 3.66%, the company showcases effective utilization of assets.
Debt Management: Accenture's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.17.
The Significance of Analyst Ratings Explained
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
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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