Pacific Crest Initiates Coverage on Accenture Plc to Overweight

Pacific Crest Initiates Coverage on Accenture Plc(NYSE:ACN). The shares have been rated Overweight. The rating by Pacific Crest was issued on Jul 12, 2016.

In a different note, On Jul 7, 2016, Barclays said it Maintains its rating on Accenture Plc. In the research note, the firm Raises the price-target to $110.00 per share. The shares have been rated ‘Equalweight’ by the firm. On Jun 24, 2016, Credit Suisse said it Downgrades its rating on Accenture Plc. The shares have been rated ‘Neutral’ by the firm. On May 31, 2016, Cowen & Company said it Maintains its rating on Accenture Plc. In the research note, the firm Raises the price-target to $118.00 per share. The shares have been rated ‘Outperform’ by the firm.

Accenture Plc (ACN) shares turned negative on Fridays trading session with the shares closing down -1.68 points or -1.44% at a volume of 27,49,041. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $116.64. The peak price level was also seen at $116.64 while the days lowest was $114.25. Finally the shares closed at $115.09. The 52-week high of the shares is $120.78 while the 52-week low is $88.43. According to the latest information available, the market cap of the company is $96,347 M.

Accenture Plc(ACN) last announced its earnings results on Jun 23, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $8.44B. Analysts had an estimated revenue of $8.34B. Earnings per share were $1.41. Analysts had estimated an EPS of $1.41.

Several Insider Transactions has been reported to the SEC. On Jun 30, 2016, Pierre Nanterme (Chairman & CEO) sold 46,739 shares at $111.32 per share price.Also, On Jun 29, 2016, ‘t Noordende Alexander M Van (Group Chief Exec-Products) sold 7,929 shares at $110.18 per share price.On Jun 29, 2016, Ellyn Shook (Chief Human Resources Officer) sold 3,200 shares at $110.14 per share price, according to the Form-4 filing with the securities and exchange commission.

Accenture plc is engaged in providing management consulting technology and outsourcing services. The Company’s business is structured around five operating groups which together consists of 19 industry groups serving clients in industries globally. The Company’s segment includes Communications Media & Technology Financial Services Health & Public Service Products and Resources. The Communications Media & Technology segment serves the communications electronics technology media and entertainment industries. The Financial Services segment serves the banking capital markets and insurance industries. The Health & Public Service segment serves healthcare payers and providers government departments public service organizations educational institutions and non-profit organizations. The Products segment serves consumer-relevant industries. The Resources segment serves the chemicals energy forest products metals and mining utilities and related industries.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *