Accenture (NYSE:ACN) Now Covered by Analysts at Citigroup

Key Points

• Citigroup has initiated coverage on Accenture, giving the stock a "neutral" rating with a price target of $266.00, indicating a potential upside of 6.77% from its previous close.
• Shares of Accenture traded down to $249.14 on Wednesday, with a market capitalization of approximately $164.05 billion and a PE ratio of 20.51.
• Accenture reported $3.03 earnings per share (EPS) for the last quarter, beating estimates, and has set guidance for FY 2026 EPS between 13.190-13.570.

Investment analysts at Citigroup started coverage on shares of Accenture (NYSE:ACN - Get Free Report) in a report released on Wednesday,Benzinga reports. The brokerage set a "neutral" rating and a $266.00 price target on the information technology services provider's stock. Citigroup's price target would suggest a potential upside of 6.77% from the company's previous close.

ACN has been the subject of a number of other reports. Morgan Stanley lowered their target price on Accenture from $325.00 to $271.00 and set an "equal weight" rating for the company in a research note on Tuesday, September 9th. HSBC lowered their target price on Accenture from $240.00 to $215.00 in a research note on Friday, September 26th. Jefferies Financial Group restated a "hold" rating on shares of Accenture in a research note on Tuesday, September 30th. Wells Fargo & Company initiated coverage on Accenture in a research note on Tuesday. They issued an "equal weight" rating and a $251.00 target price for the company. Finally, JPMorgan Chase & Co. lowered their price objective on Accenture from $302.00 to $290.00 and set an "overweight" rating for the company in a research report on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Accenture currently has a consensus rating of "Moderate Buy" and a consensus target price of $297.48.

Accenture Price Performance

Shares of NYSE ACN traded down $1.37 during midday trading on Wednesday, reaching $249.14. 3,899,692 shares of the company traded hands, compared to its average volume of 3,877,145. The firm has a market cap of $164.05 billion, a PE ratio of 20.51, a PEG ratio of 2.11 and a beta of 1.28. The stock's 50-day simple moving average is $247.11 and its 200-day simple moving average is $278.25. Accenture has a 12 month low of $229.40 and a 12 month high of $398.35. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.42 and a current ratio of 1.42.

Accenture (NYSE:ACN - Get Free Report) last issued its quarterly earnings data on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.98 by $0.05. The company had revenue of $17.60 billion during the quarter, compared to analysts' expectations of $17.34 billion. Accenture had a return on equity of 26.45% and a net margin of 11.02%.The business's revenue was up 7.3% on a year-over-year basis. During the same period last year, the business earned $2.66 earnings per share. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. As a group, equities analysts anticipate that Accenture will post 12.73 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Accenture

Institutional investors have recently modified their holdings of the stock. Kelly Lawrence W & Associates Inc. CA acquired a new position in shares of Accenture during the 1st quarter worth about $31,000. Investors Research Corp grew its position in shares of Accenture by 73.8% during the 3rd quarter. Investors Research Corp now owns 106 shares of the information technology services provider's stock worth $26,000 after buying an additional 45 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in shares of Accenture by 132.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 107 shares of the information technology services provider's stock valued at $26,000 after purchasing an additional 61 shares in the last quarter. Davis Capital Management bought a new position in shares of Accenture during the 3rd quarter valued at about $28,000. Finally, RMG Wealth Management LLC bought a new position in shares of Accenture during the 2nd quarter valued at about $33,000. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Accenture Company Profile

Accenture plc, a professional services company, provides strategy and consulting, industry X, song, and technology and operation services worldwide. The company offers application services, including agile transformation, DevOps, application modernization, enterprise architecture, software and quality engineering, data management; intelligent automation comprising robotic process automation, natural language processing, and virtual agents; and application management services, as well as software engineering services; strategy and consulting services; data and analytics strategy, data discovery and augmentation, data management and beyond, data democratization, and industrialized solutions comprising turnkey analytics and artificial intelligence (AI) solutions; metaverse; and sustainability services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.