Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Accenture PLC (NYSE:ACN) Stock Price
News stories about Accenture PLC (NYSE:ACN) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Accenture PLC earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned press coverage about the information technology services provider an impact score of 46.4274888300833 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Accenture plc (ACN) share Price trades 5.76% off from 200- SMA – Voice Of Analysts (analystsbuzz.com)
- Accenture Positioned as Leader and Star Performer in Everest Group 2017 Life Sciences Clinical and R&D IT Services Assessment (finance.yahoo.com)
- Accenture Named a Leader in Salesforce Implementation Partners Report (finance.yahoo.com)
- Amalgamated Bank Buys A Lot More Accenture plc Class A Ordinary (ACN) Stock In The Last Quarter (highlightpress.com)
- Accenture Completes Acquisition Of Phase One Consulting Group – Seeking Alpha (seekingalpha.com)
Shares of Accenture PLC (NYSE ACN) traded up 1.16% during trading on Monday, hitting $129.69. 1,421,557 shares of the stock were exchanged. The company has a market cap of $80.15 billion, a P/E ratio of 22.97 and a beta of 1.11. The firm’s 50-day moving average is $126.86 and its 200 day moving average is $122.69. Accenture PLC has a 1-year low of $108.83 and a 1-year high of $130.67.
Accenture PLC (NYSE:ACN) last announced its earnings results on Thursday, June 22nd. The information technology services provider reported $1.52 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.52. The company had revenue of $8.87 billion during the quarter, compared to analysts’ expectations of $8.82 billion. Accenture PLC had a net margin of 9.92% and a return on equity of 43.96%. Accenture PLC’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.41 earnings per share. Equities analysts forecast that Accenture PLC will post $5.90 earnings per share for the current fiscal year.
Several analysts recently issued reports on the stock. BidaskClub downgraded shares of Accenture PLC from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Cowen and Company reaffirmed a “buy” rating and set a $135.00 price objective on shares of Accenture PLC in a report on Friday, July 28th. Berenberg Bank set a $140.00 price objective on shares of Accenture PLC and gave the stock a “buy” rating in a report on Saturday, June 24th. BMO Capital Markets reaffirmed a “hold” rating and set a $130.00 price objective (up from $125.00) on shares of Accenture PLC in a report on Thursday, June 22nd. Finally, Morgan Stanley set a $132.00 price objective on shares of Accenture PLC and gave the stock a “hold” rating in a report on Friday, June 16th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $130.71.
In other news, insider Richard Lumb sold 2,200 shares of the business’s stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $127.51, for a total value of $280,522.00. Following the completion of the sale, the insider now owns 119,942 shares of the company’s stock, valued at $15,293,804.42. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Gianfranco Casati sold 6,836 shares of the business’s stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $122.97, for a total transaction of $840,622.92. Following the completion of the sale, the insider now directly owns 61,714 shares of the company’s stock, valued at approximately $7,588,970.58. The disclosure for this sale can be found here. In the last three months, insiders sold 79,817 shares of company stock valued at $9,920,929. 0.21% of the stock is currently owned by company insiders.
Accenture PLC 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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