Favorable News Coverage Somewhat Unlikely to Affect Accenture (ACN) Share Price
News coverage about Accenture (NYSE:ACN) has trended positive on Monday, Accern reports. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Accenture earned a news sentiment score of 0.25 on Accern’s scale. Accern also gave news headlines about the information technology services provider an impact score of 45.2344527824428 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news headlines that may have impacted Accern Sentiment’s rankings:
- Accenture Plc (ACN) Given Consensus Rating of “Hold” by Analysts (americanbankingnews.com)
- Accenture Achieves Lead Position in HfS Procurement As-a-Service Blueprint Report (finance.yahoo.com)
- Cowen Reaffirms Buy Rating for Accenture (ACN) (americanbankingnews.com)
- Head-To-Head Comparison: Gartner (IT) versus Accenture (ACN) (americanbankingnews.com)
- Intraday Trade Strategies in Focus: Accenture plc (NYSE: ACN) – Alpha Beta Stock (alphabetastock.com)
Accenture (NYSE:ACN) traded up $1.00 during trading hours on Monday, reaching $160.11. 2,048,900 shares of the company traded hands, compared to its average volume of 2,200,511. The company has a market capitalization of $102,640.00, a PE ratio of 28.39, a P/E/G ratio of 2.41 and a beta of 1.08. Accenture has a twelve month low of $112.31 and a twelve month high of $160.63.
Accenture (NYSE:ACN) last released its quarterly earnings results on Thursday, December 21st. The information technology services provider reported $1.79 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.12. The business had revenue of $9.52 billion for the quarter, compared to analysts’ expectations of $9.25 billion. Accenture had a net margin of 9.43% and a return on equity of 41.79%. The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.58 earnings per share. sell-side analysts forecast that Accenture will post 6.64 EPS for the current year.
Several research firms have commented on ACN. KeyCorp lifted their price target on shares of Accenture from $157.00 to $172.00 and gave the stock an “overweight” rating in a research note on Saturday, December 30th. SunTrust Banks restated a “hold” rating and issued a $164.00 target price on shares of Accenture in a report on Thursday, December 21st. Barclays raised their target price on shares of Accenture from $135.00 to $152.00 and gave the stock an “equal weight” rating in a report on Friday, December 22nd. Cowen restated a “buy” rating and issued a $166.00 target price on shares of Accenture in a report on Friday, December 22nd. Finally, Zacks Investment Research cut shares of Accenture from a “buy” rating to a “hold” rating in a report on Tuesday, September 19th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $156.57.
In other Accenture news, CAO Richard P. Clark sold 1,433 shares of the firm’s stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $158.37, for a total transaction of $226,944.21. Following the completion of the transaction, the chief accounting officer now owns 8,932 shares of the company’s stock, valued at $1,414,560.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider ‘T Noordende Alexander M. Van sold 6,500 shares of the firm’s stock in a transaction on Monday, January 1st. The shares were sold at an average price of $153.48, for a total value of $997,620.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 82,116 shares of company stock worth $12,211,924. 0.21% of the stock is currently owned by company insiders.
Accenture Company Profile
Accenture plc is a professional services company serving clients in various industries and in geographic regions, including North America, Europe and Growth Markets. The Company provides management and technology consulting services. Its segments include Communications, Media and Technology; Financial Services; Health and Public Service; Products, and Resources.
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