Analysts’ Weekly Ratings Changes for Accenture (ACN)

A number of firms have modified their ratings and price targets on shares of Accenture (NYSE: ACN) recently:

  • 1/8/2019 – Accenture was upgraded by analysts at Bank of America Corp from a “neutral” rating to a “buy” rating. They now have a $143.07 price target on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 1/2/2019 – Accenture was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 1/2/2019 – Accenture was given a new $157.00 price target on by analysts at SunTrust Banks, Inc.. They now have a “hold” rating on the stock.
  • 12/24/2018 – Accenture had its price target lowered by analysts at SunTrust Banks, Inc. from $178.00 to $157.00. They now have a “hold” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 12/21/2018 – Accenture had its price target lowered by analysts at Robert W. Baird from $176.00 to $156.00. They now have a “neutral” rating on the stock.
  • 12/21/2018 – Accenture was given a new $178.00 price target on by analysts at Morgan Stanley. They now have a “buy” rating on the stock.
  • 12/21/2018 – Accenture had its “buy” rating reaffirmed by analysts at KeyCorp. They now have a $173.00 price target on the stock.
  • 12/20/2018 – Accenture was given a new $148.00 price target on by analysts at Credit Suisse Group AG. They now have a “hold acn” rating on the stock.
  • 12/20/2018 – Accenture was given a new $165.00 price target on by analysts at Wells Fargo & Co. They now have a “buy” rating on the stock.
  • 12/19/2018 – Accenture had its price target lowered by analysts at KeyCorp from $186.00 to $182.00. They now have an “overweight” rating on the stock.
  • 12/19/2018 – Accenture had its price target lowered by analysts at Citigroup Inc from $172.00 to $161.00. They now have a “neutral” rating on the stock.
  • 12/14/2018 – Accenture was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Accenture has been steadily gaining traction in its outsourcing business. Acquisitions have been a key growth catalyst which are expected to contribute significantly to the company's revenue stream. Accenture has been strategically enhancing its cloud and digital marketing suite through acquisitions and partnerships. The company’s strong operating cash flow has helped it reward its shareholders in the form of dividends and share repurchases. Despite such tailwinds, Accenture faces stiff competition from strong companies like Genpact Limited, Cognizant Technology Solutions and Infosys. This leads to increasing pricing pressure for the company. Buyout-related integration risks can impact the company’s organic growth. Global presence exposes Accenture to foreign currency exchange rate fluctuations.The company’s shares underperformed the industry it belongs to in the past year.”
  • 12/13/2018 – Accenture had its “buy” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $193.00 price target on the stock. They wrote, “: We maintain our Overweight rating on Accenture and our PT of $193. The company, in our view, is positioned to continue to post solid growth in Digital services, an important contributor to aggregate growth. The “New” includes Digital plus Cloud and Security and has been growing by close to 30% annually to over half of revenues. The prior period (4QFY18) saw double-digit constant currency (cc) growth for the fourth quarter in a row, with strength in the Tech vertical and across all verticals. Investor focus for the quarter will be on FY19 guidance updates and recent acquisitions.””
  • 12/10/2018 – Accenture was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $176.00 price target on the stock. According to Zacks, “Accenture has been steadily gaining traction in its outsourcing business. Acquisitions have been a key growth catalyst which are expected to contribute significantly to the company's revenue stream. Accenture has been strategically enhancing its cloud and digital marketing suite through acquisitions and partnerships. The company’s strong operating cash flow has helped it reward its shareholders in the form of dividends and share repurchases. Despite such tailwinds, Accenture faces stiff competition from strong companies like Genpact Limited, Cognizant Technology Solutions and Infosys. This leads to increasing pricing pressure for the company. Buyout-related integration risks can impact the company’s organic growth. Global presence exposes Accenture to foreign currency exchange rate fluctuations.The company’s shares underperformed the industry it belongs to in the past year.”
  • 12/4/2018 – Accenture was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Accenture has been steadily gaining traction in its outsourcing business. Acquisitions have been a key growth catalyst which are expected to contribute significantly to the company's revenue stream. Accenture has been strategically enhancing its cloud and digital marketing suite through acquisitions and partnerships. The company’s strong operating cash flow has helped it reward its shareholders in the form of dividends and share repurchases. The company’s shares outperformed the industry it belongs to in the past six months. Despite such tailwinds, Accenture faces stiff competition from strong companies like Genpact Limited, Cognizant Technology Solutions and Infosys. This leads to increasing pricing pressure for the company. Buyout-related integration risks can impact the company’s organic growth. Global presence exposes Accenture to foreign currency exchange rate fluctuations.”
  • 11/28/2018 – Accenture was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Accenture faces stiff competition from strong companies like Genpact Limited, Cognizant Technology Solutions and Infosys. This leads to increasing pricing pressure for the company. Buyout-related integration risks can impact the company’s organic growth. Global presence exposes Accenture to foreign currency exchange rate fluctuations. The company’s shares have underperformed the industry it belongs to in the past year. Despite such headwinds, Accenture has been steadily gaining traction in its outsourcing business. Acquisitions have been a key growth catalyst which are expected to contribute significantly to the company's revenue stream. Accenture has been strategically enhancing its cloud and digital marketing suite through acquisitions and partnerships. The company’s strong operating cash flow has helped it reward its shareholders in the form of dividends and share repurchases.”

Shares of ACN opened at $144.43 on Monday. The firm has a market cap of $96.89 billion, a P/E ratio of 21.43, a P/E/G ratio of 1.96 and a beta of 1.10. Accenture Plc has a 12 month low of $132.63 and a 12 month high of $175.64.

Accenture (NYSE:ACN) last issued its quarterly earnings data on Thursday, December 20th. The information technology services provider reported $1.96 EPS for the quarter, topping the Zacks’ consensus estimate of $1.84 by $0.12. The firm had revenue of $10.61 billion during the quarter, compared to the consensus estimate of $10.54 billion. Accenture had a return on equity of 40.31% and a net margin of 9.99%. The firm’s revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.79 EPS. On average, analysts anticipate that Accenture Plc will post 7.2 earnings per share for the current year.

In other Accenture news, CEO Pierre Nanterme sold 37,846 shares of the business’s stock in a transaction on Monday, December 24th. The stock was sold at an average price of $135.16, for a total transaction of $5,115,265.36. Following the completion of the transaction, the chief executive officer now owns 368,212 shares in the company, valued at approximately $49,767,533.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Richard Lumb sold 2,000 shares of the business’s stock in a transaction on Monday, November 12th. The stock was sold at an average price of $163.51, for a total value of $327,020.00. Following the transaction, the insider now owns 126,104 shares of the company’s stock, valued at approximately $20,619,265.04. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 91,152 shares of company stock valued at $13,318,994. 0.18% of the stock is owned by company insiders.

Hedge funds have recently made changes to their positions in the business. OmniStar Financial Group Inc. lifted its holdings in shares of Accenture by 4.3% in the third quarter. OmniStar Financial Group Inc. now owns 3,323 shares of the information technology services provider’s stock valued at $566,000 after buying an additional 137 shares during the period. Sheets Smith Wealth Management lifted its holdings in shares of Accenture by 1.6% in the fourth quarter. Sheets Smith Wealth Management now owns 18,537 shares of the information technology services provider’s stock valued at $2,614,000 after buying an additional 300 shares during the period. Windsor Group LTD lifted its holdings in shares of Accenture by 5.3% in the third quarter. Windsor Group LTD now owns 6,121 shares of the information technology services provider’s stock valued at $1,042,000 after buying an additional 307 shares during the period. Capital Analysts LLC lifted its holdings in shares of Accenture by 4.0% in the third quarter. Capital Analysts LLC now owns 8,021 shares of the information technology services provider’s stock valued at $1,365,000 after buying an additional 307 shares during the period. Finally, M Holdings Securities Inc. lifted its holdings in shares of Accenture by 4.6% in the second quarter. M Holdings Securities Inc. now owns 7,453 shares of the information technology services provider’s stock valued at $1,219,000 after buying an additional 330 shares during the period. Institutional investors own 70.46% of the company’s stock.

Accenture plc provides consulting, technology, and outsourcing services in Ireland and internationally. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, develop industry-specific solutions, and enhance efficiencies and business results for communications, media, high tech, software, and platform companies.

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