Robert W. Baird analyst David Koning maintained a Hold rating on Accenture (NYSE:ACN) Plc. on Tuesday, setting a price target of $240, which is approximately 2.60% above the present share price of $233.91.
Koning expects Accenture Plc. to post earnings per share (EPS) of $1.93 for the third quarter of 2020.
The current consensus among 16 TipRanks analysts is for a Moderate Buy rating of shares in Accenture, with an average price target of $243.67.
The analysts price targets range from a high of $270 to a low of $215.
In its latest earnings report, released on 05/31/2020, the company reported a quarterly revenue of $10.99 billion and a net profit of $1.71 billion. The company's market cap is $150.4 billion.
According to TipRanks.com, Robert W. Baird analyst David Koning is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 17.9% and a 80.14% success rate.
Accenture Plc engages in the provision of management consulting, technology, and outsourcing services. It operates through the following segments: Communications, Media, and Technology; Financial Services; Health and Public Service; Products; Resources; and Other. The Communications, Media, and Technology segment serves communications, media, high-tech, and software and platform companies through acceleration and delivery of digital transformation, development of comprehensive and industry-specific solutions, and enhance efficiency and business results. The company's services include helping clients capture new growth by shifting to data-driven and platform-based models, optimizing their cost structures, increasing product and business model innovation, and differentiating and scaling digital experiences for their customers. The Financial Services segment serves the banking, capital markets, and insurance industries by addressing growth, cost and profitability pressures, industry consolidation, regulatory changes and the need to continually adapt to new digital technologies. The Health and Public Service segment serves healthcare payers and providers, as well as government departments and agencies, public service organizations, educational institutions, and non-profit organizations through provision of insights and offerings, including consulting services and digital solutions. The Products segment serves the following: Consumer Goods, Retail, and Travel Services group; Industrial group; and Life Sciences. The company helps clients enhance their performance in distribution and sales and marketing; in research and development and manufacturing; and in business functions such as finance, human resources, procurement and supply chain while leveraging technology. The Resources segment serves the chemicals, energy, forest products, metals and mining, utilities, and related industries by working to develop and execute innovative strategies, improve operations, manage complex change initiatives and integrate digital technologies. The Other segment represents the pension settlement charge. The company was founded in 1989 and is headquartered in Dublin, Ireland.