Accenture (NYSE:ACN) Overweight Rating Kept Today By KeyBanc; The Target Price per Share Given is $181

March 19, 2018 - By Linda Rogers

 Accenture (NYSE:ACN) Overweight Rating Kept Today By KeyBanc; The Target Price per Share Given is $181

Investors sentiment decreased to 1 in 2017 Q3. Its down 0.05, from 1.05 in 2017Q2. It turned negative, as 40 investors sold Accenture plc shares while 370 reduced holdings. 97 funds opened positions while 315 raised stakes. 461.53 million shares or 1.06% less from 466.45 million shares in 2017Q2 were reported.

Contravisory Mngmt, Massachusetts-based fund reported 54,891 shares. Bahl And Gaynor holds 0.74% in Accenture plc (NYSE:ACN) or 498,944 shares. Tower Rech Limited Liability Company (Trc) reported 0.02% stake. Hl Financial Ser Limited Co accumulated 81,937 shares. The Alabama-based Eagle Cap Limited Liability has invested 1.75% in Accenture plc (NYSE:ACN). Sunbelt Securities holds 0.77% or 5,410 shares in its portfolio. American Intl Group Inc reported 0.11% in Accenture plc (NYSE:ACN). Envestnet Asset Mgmt reported 0.08% of its portfolio in Accenture plc (NYSE:ACN). Cibc Asset Management, a Ontario – Canada-based fund reported 129,604 shares. Bnp Paribas Arbitrage holds 0.12% or 368,207 shares in its portfolio. 694,372 were accumulated by Btim. M Secs Incorporated reported 0.31% stake. Retirement Of Alabama invested in 0.24% or 338,898 shares. Carroll Associates holds 717 shares or 0.01% of its portfolio. Peak Asset Management Ltd Liability Corporation reported 1,889 shares.

Accenture (NYSE:ACN) Rating Reaffirmed

KeyBanc now has a $181 target price per share on the $102.36 billion market cap company or 13.56 % upside potential. In an analyst report revealed to investors on Monday, 19 March, Accenture (NYSE:ACN) shares have had their Overweight Rating reiterated by research analysts at KeyBanc.

Investors sentiment decreased to 1 in 2017 Q3. Its down 0.05, from 1.05 in 2017Q2. It turned negative, as 40 investors sold Accenture plc shares while 370 reduced holdings. 97 funds opened positions while 315 raised stakes. 461.53 million shares or 1.06% less from 466.45 million shares in 2017Q2 were reported.

Contravisory Mngmt, Massachusetts-based fund reported 54,891 shares. Bahl And Gaynor holds 0.74% in Accenture plc (NYSE:ACN) or 498,944 shares. Tower Rech Limited Liability Company (Trc) reported 0.02% stake. Hl Financial Ser Limited Co accumulated 81,937 shares. The Alabama-based Eagle Cap Limited Liability has invested 1.75% in Accenture plc (NYSE:ACN). Sunbelt Securities holds 0.77% or 5,410 shares in its portfolio. American Intl Group Inc reported 0.11% in Accenture plc (NYSE:ACN). Envestnet Asset Mgmt reported 0.08% of its portfolio in Accenture plc (NYSE:ACN). Cibc Asset Management, a Ontario – Canada-based fund reported 129,604 shares. Bnp Paribas Arbitrage holds 0.12% or 368,207 shares in its portfolio. 694,372 were accumulated by Btim. M Secs Incorporated reported 0.31% stake. Retirement Of Alabama invested in 0.24% or 338,898 shares. Carroll Associates holds 717 shares or 0.01% of its portfolio. Peak Asset Management Ltd Liability Corporation reported 1,889 shares.

Accenture plc (NYSE:ACN) Ratings Coverage

Among 26 analysts covering Accenture Plc (NYSE:ACN), 15 have Buy rating, 1 Sell and 10 Hold. Therefore 58% are positive. Accenture Plc has $181 highest and $11 lowest target. $148.77’s average target is -6.66% below currents $159.39 stock price. Accenture Plc had 90 analyst reports since August 12, 2015 according to SRatingsIntel. The company was maintained on Wednesday, September 28 by Citigroup. The firm has “Outperform” rating by RBC Capital Markets given on Friday, June 24. SunTrust downgraded the shares of ACN in report on Wednesday, May 24 to “Hold” rating. Susquehanna maintained Accenture plc (NYSE:ACN) rating on Tuesday, December 26. Susquehanna has “Hold” rating and $145.0 target. The stock has “Buy” rating by Societe Generale on Monday, September 26. The firm has “Buy” rating by Stifel Nicolaus given on Friday, May 20. The rating was maintained by Barclays Capital with “Equalweight” on Monday, March 28. The firm has “Buy” rating given on Thursday, October 13 by Berenberg. As per Tuesday, January 2, the company rating was maintained by Credit Suisse. Barclays Capital maintained the stock with “Equal-Weight” rating in Monday, September 21 report.

The stock decreased 0.93% or $1.5 during the last trading session, reaching $159.39. About 713,713 shares traded. Accenture plc (NYSE:ACN) has risen 4.27% since March 19, 2017 and is uptrending. It has underperformed by 12.43% the S&P500.

Analysts await Accenture plc (NYSE:ACN) to report earnings on March, 22 before the open. They expect $1.49 EPS, up 12.03 % or $0.16 from last year’s $1.33 per share. ACN’s profit will be $956.91M for 26.74 P/E if the $1.49 EPS becomes a reality. After $1.79 actual EPS reported by Accenture plc for the previous quarter, Wall Street now forecasts -16.76 % negative EPS growth.

Accenture plc provides consulting, technology, and outsourcing services worldwide. The company has market cap of $102.36 billion. The Company’s Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, and enhance business results through industry-specific solutions; and serves clients in communications, electronics, high technology, media, and entertainment industries. It has a 28.25 P/E ratio. The companyÂ’s Financial Services segment offers services that help clients enhance cost efficiency, grow their customer base, manage risk, and transform their operations; and serves clients in banking, capital markets, and insurance industries.

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