On Friday analysts at Societe Generale maintained a "Hold"
rating for consulting and outsourcing firm Accenture plc (
), but boosted its price target on a strong consulting
The analysts raised the valuation of ACN from $71 to $74. The
new target is a +6.5% upside from Friday's closing price of
Societe Generale commented, "Accenture is to report Q1 13 (to
end-November) results on 19 December. We expect $7,273m (+3%) in
revenues and $1.06 EPS, in line with cons. at $7,298m and $1.04. …
We forecast consulting (56% group sales) to reach $4bn in revenue
(-1% reported, +1% in local currency). Note that the first two
quarters of FY13 face tough comps vs FY12: Q1 +11%lc and Q2 +8%lc.
We believe Consulting will bottom out in Q2 as record consulting
bookings in H2 12 convert to revenues albeit at a slow rate."
Accenture shares were flat in premarket trading on Monday. The
stock is up +31.09% year-to-date.
The Bottom Line
Shares of Accenture (
) have a 2.33% dividend yield, based on Friday's closing stock
price of $69.48. The stock has technical support in the $63-$65
price area. The stock is trading near all-time highs.
Accenture plc (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.4 out of 5 stars.
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, as well as a detailed explanation of
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