Jefferies Cuts Price Target and Estimates on Accenture plc (ACN); Downshifting
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Price: $81.83 -1.33%
Rating Summary:
9 Buy, 8 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Rating Summary:
9 Buy, 8 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Trade ACN Now!
Jefferies maintains a 'Hold' on Accenture plc (NYSE: ACN) price target of $60.00 (from $63.00).
Analyst, Jason Kupferberg, said, "Aside from F3Q margins and EPS (latter helped by tax), we didn't see much in the print that was better than expectations. F4Q was guided down (albeit primarily because of FX), and there was no initial F13 guidance, which in our view should be viewed as potentially concerning, considering that 2009 was the only year in the past 5 when ACN deferred guidance until F4Q."
Kupferberg lowers Q4 EPS from $0.97 to $0.88, FY12 from $3.89 to $3.84, FY13 from $4.34 to $4.10.
For an analyst ratings summary and ratings history on Accenture plc click here. For more ratings news on Accenture plc click here.
Shares of Accenture plc closed at $56.63 yesterday, with a 52 week range of $47.40-$65.89.
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Analyst, Jason Kupferberg, said, "Aside from F3Q margins and EPS (latter helped by tax), we didn't see much in the print that was better than expectations. F4Q was guided down (albeit primarily because of FX), and there was no initial F13 guidance, which in our view should be viewed as potentially concerning, considering that 2009 was the only year in the past 5 when ACN deferred guidance until F4Q."
Kupferberg lowers Q4 EPS from $0.97 to $0.88, FY12 from $3.89 to $3.84, FY13 from $4.34 to $4.10.
For an analyst ratings summary and ratings history on Accenture plc click here. For more ratings news on Accenture plc click here.
Shares of Accenture plc closed at $56.63 yesterday, with a 52 week range of $47.40-$65.89.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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