TD Cowen Has Lowered Expectations for Accenture (NYSE:ACN) Stock Price

Key Points

• TD Cowen has lowered its price target for Accenture (NYSE:ACN) from $313.00 to $295.00, while maintaining a buy rating, suggesting a potential upside of 27.10%.
• Accenture's stock has faced further price target reductions from other brokerages, including Guggenheim and JPMorgan Chase, indicating a cautious market outlook.
• Despite these adjustments, Accenture reported better-than-expected quarterly earnings, with a 7.3% increase in revenue year-over-year, highlighting resilience in its financial performance.

Accenture (NYSE:ACN - Get Free Report) had its price target lowered by analysts at TD Cowen from $313.00 to $295.00 in a research note issued on Friday,MarketScreener reports. The brokerage currently has a "buy" rating on the information technology services provider's stock. TD Cowen's price target would suggest a potential upside of 27.10% from the company's current price.

A number of other brokerages have also recently commented on ACN. Guggenheim cut their price target on shares of Accenture from $305.00 to $285.00 and set a "buy" rating on the stock in a research report on Friday. Rothschild Redb cut Accenture from a "strong-buy" rating to a "hold" rating in a report on Wednesday, September 3rd. Susquehanna dropped their price objective on shares of Accenture from $330.00 to $270.00 and set a "neutral" rating for the company in a report on Thursday, September 18th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Accenture from $260.00 to $235.00 and set a "hold" rating for the company in a research report on Friday. Finally, JPMorgan Chase & Co. cut their price target on Accenture from $302.00 to $290.00 and set an "overweight" rating for the company in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Accenture has a consensus rating of "Moderate Buy" and an average price target of $314.54.

Accenture Stock Performance

ACN opened at $232.09 on Friday. Accenture has a 52-week low of $229.40 and a 52-week high of $398.35. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 1.46. The company has a market cap of $145.37 billion, a PE ratio of 18.45, a price-to-earnings-growth ratio of 2.06 and a beta of 1.29. The stock has a 50-day moving average of $254.28 and a 200-day moving average of $286.89.

Accenture (NYSE:ACN - Get Free Report) last posted its quarterly earnings results on Thursday, September 25th. The information technology services provider reported $3.03 EPS for the quarter, beating analysts' consensus estimates of $2.98 by $0.05. Accenture had a return on equity of 26.55% and a net margin of 11.61%.The business had revenue of $17.60 billion during the quarter, compared to the consensus estimate of $17.34 billion. During the same quarter in the previous year, the firm earned $2.66 earnings per share. Accenture's revenue for the quarter was up 7.3% compared to the same quarter last year. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. As a group, equities research analysts forecast that Accenture will post 12.73 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Accenture news, CEO Mauro Macchi sold 500 shares of the business's stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $282.34, for a total value of $141,170.00. Following the completion of the transaction, the chief executive officer owned 2,283 shares of the company's stock, valued at $644,582.22. The trade was a 17.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Julie Spellman Sweet sold 2,251 shares of Accenture stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $282.45, for a total value of $635,794.95. Following the completion of the transaction, the chief executive officer directly owned 8,109 shares in the company, valued at $2,290,387.05. This trade represents a 21.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,954 shares of company stock valued at $834,280. Company insiders own 0.02% of the company's stock.

Institutional Trading of Accenture

Hedge funds have recently bought and sold shares of the stock. Park Square Financial Group LLC purchased a new position in Accenture during the fourth quarter valued at approximately $31,000. Kelly Lawrence W & Associates Inc. CA acquired a new position in Accenture in the first quarter worth about $31,000. Inlight Wealth Management LLC acquired a new stake in Accenture during the first quarter valued at approximately $32,000. RMG Wealth Management LLC bought a new position in Accenture during the second quarter worth $33,000. Finally, Howard Hughes Medical Institute acquired a new stake in Accenture in the second quarter worth approximately $40,000. Institutional investors own 75.14% of the company's stock.

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.

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