Accenture Plc (NYSE: ACN)‘s stock had its “buy” rating restated by equities researchers at TheStreet in a report issued on Monday.
The analysts wrote, “Accenture (ACN) has been reiterated by TheStreet Ratings as a buy with a ratings score of A- . The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow.”
Shares of Accenture Plc opened at 74.64 on Monday. Accenture Plc has a one year low of $54.94 and a one year high of $75.97. The stock’s 50-day moving average is currently $72.63. The company has a market cap of $48.093 billion and a P/E ratio of 20.74.
Accenture Plc last announced its earnings results on Wednesday, December 19th. The company reported $1.06 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.04 by $0.02. The company had revenue of $7.67 million for the quarter, compared to the consensus estimate of $7.29 million. During the same quarter in the prior year, the company posted $0.96 earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis. Accenture Plc has set its FY13 guidance at $4.24-4.32 EPS. On average, analysts predict that Accenture Plc will post $4.26 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on ACN. Analysts at Evercore Partners initiated coverage on shares of Accenture Plc in a research note to investors on Friday, January 25th. They set an “overweight” rating and a $86.00 price target on the stock. Separately, analysts at BMO Capital Markets reiterated a “market perform” rating on shares of Accenture Plc in a research note to investors on Wednesday, December 19th. They now have a $72.00 price target on the stock, up previously from $69.00. Finally, analysts at Societe Generale raised their price target on shares of Accenture Plc to $74.00 in a research note to investors on Friday, December 7th.
Eleven research analysts have rated the stock with a buy rating, five have issued an overweight rating, and twelve have given a hold rating to the stock. Accenture Plc presently has an average rating of “overweight” and a consensus target price of $74.18.
Accenture plc (Accenture) is a management consulting, technology services and outsourcing company. The Company’s business includes five operating groups, which together consist of 19 industry groups serving clients in industries around the world.
To view TheStreet’s full report, visit www.thestreetratings.com
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.
