Market Update (NYSE:ACN): Accenture Interactive Launches Its First Content Studio to Deliver Innovative and Engaging Content to Clients

[Business Wire] – Accenture Interactive has launched a new 10,000 square foot Content Studio in New York City to create and deliver various types of content, and explore new innovations in the emerging content space. Read more on this. Accenture plc (ACN) , valued at $69.38B, began trading this morning at $111.67. A quick look at the market, the company’s stock traded between $110.90 and $112.02 and has traded between $88.43 and $120.78 over the past 12 months. Priced at 20.74x this year’s forecasted earnings, ACN shares are relatively expensive compared to the industry’s 2.21x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $2.20 per share annually in dividends, yielding 1.97%. According to a consensus of 23 analysts, the earnings estimate of $1.30 per share would be $0.15 better than the year-ago quarter and a $0.00 sequential decrease. The full-year EPS estimate is $5.33, which would be a $0.51 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $8.44 Billion. If realized, that would be a 6.97% increase over the year-ago quarter. More recently, Credit Suisse downgraded ACN from Outperform to Neutral (Jun 24, 2016). Previously, Cantor Fitzgerald Initiated ACN at to Buy. With the above information in mind, readers should note that the average price target is $123.27, which is 10.39% above where the stock opened this morning. See more in (NYSE:ACN) Similar Articles: Stock Update: Accenture plc (NYSE:ACN) – Accenture Recognized for Leadership in Cloud Services by Clients and Industry Analysts in New Reports Market Update: Accenture plc (NYSE:ACN) – Accenture Launches “Accenture Customer Credit Solutions” to Provide Fast, Efficient and Flexible Credit Services to Sub-Saharan African Businesses Stock Update (NYSE:ACN): Accenture Collaborates with SAP Ariba to Deliver Next-Generation Procurement Platform as a Service to BPO Clients