Why Accenture plc. (NYSE:ACN) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $123.56 on Accenture plc. (NYSE:ACN) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $5.33 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Accenture plc. (NYSE:ACN) stands at 18.66.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Accenture plc Class A Ordinary , the PEG ratio for coming 3-5 years is 2.14.

Technical Analysis

The technical analysis highlights that Accenture plc Class A Ordinary current is trading $-3.34 points away or -2.94% from its 50-day moving average of $113.73. Further it is trading $-2.99 or -2.64% away its 200-day moving average of $113.38.

The 52-week high of Accenture plc. (NYSE:ACN) was $120.78 while lowest point recorded in 52-week was $91.40. It implies if stock price makes a movement of over $-10.39, it will record a new 52-week high. In the case of +20.78% drop, it will touch a new 52-week low.

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