20 analysts have shared their evaluations of Accenture (NYSE:ACN) during the recent three months, expressing a mix of bullish and bearish perspectives.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 6 | 3 | 11 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 1 | 1 | 6 | 0 | 0 |
| 2M Ago | 4 | 2 | 3 | 0 | 0 |
| 3M Ago | 0 | 0 | 2 | 0 | 0 |
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $338.85, with a high estimate of $400.00 and a low estimate of $275.00. This current average represents a 9.55% decrease from the previous average price target of $374.63.
Interpreting Analyst Ratings: A Closer Look
In examining recent analyst actions, we gain insights into how financial experts perceive Accenture. The following summary 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 |
|---|---|---|---|---|---|
| Kevin Mcveigh | UBS | Maintains | Buy | $400.00 | $400.00 |
| James Faucette | Morgan Stanley | Lowers | Equal-Weight | $300.00 | $382.00 |
| 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 |
| Ashwin Shirvaikar | Citigroup | Raises | Buy | $350.00 | $340.00 |
| 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: 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: 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: 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.
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Accenture's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
Stay up to date on Accenture analyst ratings.
Delving into Accenture's Background
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: A Financial Overview
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Revenue Challenges: Accenture's revenue growth over 3 months faced difficulties. As of 31 May, 2024, the company experienced a decline of approximately -0.59%. This indicates a decrease in top-line earnings. When compared to others in the Information Technology sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Accenture's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 11.73%, the company showcases strong profitability and effective cost management.
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): Accenture's ROA stands out, surpassing industry averages. With an impressive ROA of 3.66%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Accenture's debt-to-equity ratio is below the industry average at 0.17, reflecting a lower dependency on debt financing and a more conservative financial approach.
Analyst Ratings: What Are They?
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.