Providing a range of management, technology, outsourcing, and consulting services and solutions is investment holding firm Accenture PLC (ACN). By separating it into a new business unit and naming it Andersen Consulting, the company was founded in 1989 by partners from the Arthur Andersen Corporation. After severing ties with Arthur Andersen, the business adopted the name Accenture and went public in 2001. Dublin, Ireland, where it was incorporated in 2009, serves as the location of the company’s global headquarters.
The business provides a variety of services through its five operating segments, which include products and resources, financial services, health and public service, media and communications, and media and technology.
The banking, insurance, and capital market sectors, as well as clients involved in the consumer goods, retail, travel, healthcare, natural resources, and energy industries, are all served by Accenture PLC. With a variety of businesses, including Adobe, Cisco, Clarivate Analytics, Alibaba, Apple, and Amazon Web Services, the company has formed alliances and partnerships.
Since its initial public offering in 2001, Accenture PLC has been a publicly traded business on the New York Stock Exchange. On the day of the IPO, the price per share of the company was set at $14.5 (£11).
Price:
The price of Accenture stock has been rising steadily over the past few years, and by the end of November 2020, it is expected to have reached a record high of almost $253 (£190). Throughout its increasing trend over the past ten years, the Accenture share price underwent two significant pullbacks. The weekly price chart reveals that Accenture’s stock price saw its first big retreat in the fourth quarter of 2018, when it dropped by almost 20% from a price of about $165 (£124) to a level of $134 (£100). The Accenture stock price then recovered and resumed moving in accordance with the initial pattern.
According to Simply Wall St., a financial website that provides market research and insights, Accenture stock earnings have climbed by 12% on average annually. This is lower than the IT industry’s yearly growth rate of 22.1%, indicating that Accenture is lagging its peers. Revenues have also increased by 10.2% every year on average, reflecting the company’s strong performance. Accenture’s stock has a return on equity of 28% and net margins of 11.3%.
ACN stock has a market value of $209.624 billion and a total revenue of $61.594 billion. Furthermore, the stock has a basic EPS of $11.35 and a price-to-earnings ratio of 28.41. Furthermore, the average volume is 1.902 million, and the current volume is 1.921 million, indicating that the current volume is greater than the average volume.
Furthermore, the ACN stock has performed well this month, increasing by 4.69%, and has climbed by 15.35% in the last six months. Accenture Plc (NYSE: ACN) had a good year-to-date return of 17.22% and a positive year-to-date return of 3.62%.
Analysis:
For the first time since October of last year, the price of ACN stock is now within striking distance of the 200-day simple moving average thanks to the recent dip.
For the previous two weeks at least, trading volumes have exceeded the 10-day average, while momentum oscillators are declining to their lowest levels in months. The moving average convergence divergence (MACD) is severely negative, and the relative strength index (RSI) has entered oversold territory at 26—the worst level since the 2020 pandemic crisis.
The breaking of the ascending price channel, which has been in effect since March 2021, may encourage a negative prediction for the ACN stock. The downtrend can quicken if the decline results in a break of the 200-day simple moving average.
Accenture Plc’s (NYSE: ACN) price has risen by 15.28% in the last three months, indicating a bullish trend. ACN is currently trading at $315.55 and forming a symmetrical triangle in the one-day time frame. This pattern shows that the ACN price is consolidating and will soon decide whether to move up or down.
As a result, if the ACN price remains at its current level, it might rise to the first and second targets of $329.09 and $342.69, respectively. If the ACN price rejects the current level and falls, it might reach the nearest support levels of $294.93 and $285.56.
On the Daily Chart:
- The Moving Averages Convergence Divergence (MACD) indicator for Accenture (ACN) is 3.31, indicating that Accenture is a Buy.
- Accenture’s (ACN) 20-day exponential moving average is 313.62, and its share price is $316.35, indicating a Buy.
- Accenture’s (ACN) 50-day exponential moving average is 305.58, and its share price is $316.35, indicating a Buy.
On the Weekly Chart:
- The Moving Averages Convergence Divergence (MACD) indicator for Accenture (ACN) is 11.06, indicating that Accenture is a Sell.
- Accenture (ACN) has a 20-day exponential moving average of 297.51, and its share price is $316.35, making it a Buy.
- Accenture (ACN) has a 50-day exponential moving average of 289.75 and a share price of $316.35, making it a Buy.
The current RSI value is 54.32 points. The 14 SMA is above the median line at 58.79 points, indicating that the price has reversed direction and is decreasing due to rejection from the 14 SMA.
The MACD line at 3.03 and the signal line at 3.33 are both above the zero line, and a bearish crossing in the MACD oscillator was noticed, indicating further bearishness for the ACN stock price.
Some Other Indicators:
- The Trend Strength Indicator (ADX) for Accenture (ACN) is 19.32, indicating a Buy signal.
- Accenture’s (ACN) Commodity Channel Index (CCI) is 95.82, indicating that the market is neutral.
- The Price Rate of Change (ROC) for Accenture (ACN) is 15.22, indicating a Buy recommendation.
Prediction:
Data provided by MarketBeat (as of January 25) showed that the consensus recommendation for Accenture from the 25 analysts who covered the stock was a ‘buy’. 18 of those had a “buy” rating, and the other seven had a neutral rating.
Based on the most recent closing price of $339 (as of January 25), the average price target was $389.03 per share, representing a potential 16% increase. The target price range for Accenture shares ranged from $285 to $475 per share.
2025 Class A Stock Prediction for Accenture Plc
If shares of Accenture plc, Class A, continue to increase at the same average annual rate as they have over the past 10 years, the stock projection for Accenture plc, Class A, for 2025 is currently $411.80. The price of ACN shares would increase by 34.68% as a result.
2030 Class A Stock Prediction for Accenture Plc.
If Accenture plc’s Class A stock continues to increase at its current 10-year average rate, it will reach $866.87 in 2030. If this Accenture plc Class A stock forecast for 2030 comes true, the price of ACN stock will increase by 183.52%.
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