$42.37
0.49 (+1.17%)
Accenture Ltd. (ACN)
CAPS Rating:
The Company is a management consulting, technology services and outsourcing organization.
The Company is a management consulting, technology services and outsourcing organization.
Recs
Russiangambit: 99.51
ACN (Accenture) – best in class IT consulting and outsourcing company, head and sholders above all its other competitors. The next closest competitor is IBM. You can think of them as GS of IT consulting in terms of talent.
The company has shown consistency in its earnings and still has a lot of growth potential should the economy turn. Its price currently at a depressed level, but the fact that it wasn’t completely oblitarated in the sell off (only lost 30% vs. 50-70%) is a sign of resilience. Current P/E is 10. The company pays dividend of about 1.5%.
You would need to hold it at least a year into the new bull market to realize its full potential because IT service tend to come back only when the new bull market is well established. A good stock for long-term oriented portfolio.