Cowen & Co. Keeps Their Buy Rating on Accenture

By Carrie Williams

In a report released yesterday, Bryan Bergin from Cowen & Co. reiterated a Buy rating on Accenture (NYSE: ACN), with a price target of $175. The company’s shares closed yesterday at $159.11, close to its 52-week high of $159.49.

According to TipRanks.com, Bergin is a 4-star analyst with an average return of 20.1% and a 97.1% success rate. Bergin covers the Technology sector, focusing on stocks such as Sapiens International Corporation, DXC Technology Company, and Exlservice Holdings.

Currently, the analyst consensus on Accenture is Moderate Buy and the average price target is $166.33, representing a 4.5% upside.

In a report issued on January 5, Pivotal Research also assigned a Buy rating to the stock with a $180 price target.

Accenture’s market cap is currently $97.91B and has a P/E ratio of 28.16. The company has a book value ratio of 10.7569.

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Accenture Plc is an investment holding company, which 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.