Last Updated: 14 Sep 2024
Executive Summary
Accenture plc (ACN) is a multinational consulting and professional services company headquartered in Dublin, Ireland. The company provides a wide range of services, including consulting, technology, operations, and digital transformation. Accenture has a strong financial track record, with consistent revenue and earnings growth over the past several years. The company is also well-positioned to benefit from the growing demand for digital transformation services.
Company Overview
Accenture was founded in 1989 as a spin-off from Arthur Andersen. The company has since grown to become one of the largest consulting and professional services companies in the world. Accenture has over 700,000 employees in more than 120 countries. The company's clients include many of the world's largest corporations.
Fundamental Analysis
Accenture's financial performance has been strong in recent years. The company's revenue has grown from $34.9 billion in 2017 to $64.4 billion in 2023. Net income has also grown significantly, from $5.5 billion in 2017 to $11.3 billion in 2023.
Accenture's profitability metrics are also strong. The company's gross profit margin has been consistently above 30% in recent years. The operating profit margin has also been consistently above 15%.
Accenture's balance sheet is also strong. The company has a low level of debt and a high level of cash and equivalents.
Technical Analysis
Accenture's stock price has been in a strong uptrend in recent years. The stock price has risen from a low of $277.47 in March 2023 to a high of $384.33 in August 2023. The stock price is currently trading at $349.58.
The technical indicators are also positive for Accenture. The relative strength index (RSI) is above 50, indicating that the stock is not overbought. The moving average convergence divergence (MACD) is also positive, indicating that the stock is in a bullish trend.
Short Term Outlook
The short-term outlook for Accenture is positive. The company's financial performance is strong, and the technical indicators are also positive. The stock price is likely to continue to rise in the short term.
Long Term Outlook
The long-term outlook for Accenture is also positive. The company is well-positioned to benefit from the growing demand for digital transformation services. The company's strong financial performance and technical indicators suggest that the stock price is likely to continue to rise in the long term.
Analyst Recommendations
The majority of analysts have a buy rating on Accenture. The average analyst target price is $350.01.
