Accenture Plc (ACN) Downgraded by Sanford C. Bernstein to "Market Perform"
Monday, July 11, 2021 1:41 PM



Equities research analysts at Sanford C. Bernstein downgraded shares of Accenture Plc (NYSE: ACN) to a "market perform" rating in a research note to investors on Monday.

Separately, analysts at Jefferies cut their price target on shares of Accenture Plc from $60.00 to $58.00 in a research note to investors on Tuesday, June 28th. They now have a "buy" rating on the stock. Also, analysts at Argus raised their price target on shares of Accenture Plc from $62.00 to $66.00 in a research note to investors on Monday, June 27th. They now have a "buy" rating on the stock.

Shares of Accenture Plc traded down 3.03% during mid-day trading on Tuesday, hitting $61.51. Accenture Plc has a 52 week low of $36.05 and a 52 week high of $58.21. The stock's 50-day moving average is $56.23 and its 200-day moving average is $51.23. The company has a market cap of $39.638 billion and a price-to-earnings ratio of 20.13.

Accenture Plc last announced its quarterly results on Thursday, June 23rd. The company reported $0.93 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.89 EPS by $0.04. The company’s quarterly revenue was up 20.6% on a year-over-year basis. On average, analysts predict that Accenture Plc will post $0.92 EPS next quarter.

Accenture plc (Accenture) is a management consulting, technology services and outsourcing company, which has offices and operations in more than 200 cities in 53 countries. Its business is organized in five operating groups and their 19 industry groups. Its five operating groups include communications & high tech, financial services, health & public service, products and resources. In November 2010, the Company acquired Knowledge Rules, Inc., a Philadelphia-based consulting company that focuses on implementing and integrating business solutions using Pegasystems Business Process Management (BPM) software. In November 2010, the Company acquired Beijing Genesis Interactive Technology Co., Ltd., a Beijing-based embedded software services company that provides mobile software outsourcing services and solution licensing for companies in China.

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