RBC Capital Sticks to Their Buy Rating for Accenture (ACN)
RBC Capital analyst Daniel Perlin maintained a Buy rating on Accenture yesterday and set a price target of $253.00. The company’s shares closed yesterday at $203.55.
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According to TipRanks, Perlin is an analyst with an average return of -12.1% and a 33.20% success rate. Perlin covers the Technology sector, focusing on stocks such as Wealthfront Corporation, Jack Henry & Associates, and Broadridge Financial Solutions.
In addition to RBC Capital, Accenture also received a Buy from Morgan Stanley’s James Faucette in a report issued today. However, yesterday, BMO Capital maintained a Hold rating on Accenture (NYSE: ACN).
Based on Accenture’s latest earnings release for the quarter ending February 28, the company reported a quarterly revenue of $18.04 billion and a net profit of $1.86 billion. In comparison, last year the company earned a revenue of $16.66 billion and had a net profit of $1.79 billion
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- Accenture price target raised to $247 from $243 at JPMorgan
- Accenture price target lowered to $230 from $300 at BMO Capital
- Accenture price target lowered to $250 from $275 at Guggenheim
- Accenture: Confident Long‑Term Growth Strategy Outweighs Near‑Term IT Spending Headwinds
- Accenture price target lowered to $265 from $330 at Baird
