Accenture Reaches New 52-Week High (ACN)

NEW YORK ( TheStreet) -- Accenture (NYSE: ACN) hit a new 52-week high Wednesday as it is currently trading at $64.21, above its previous 52-week high of $63.98 with 1.2 million shares traded as of 12:40 p.m. ET. Average volume has been four million shares over the past 30 days.

Accenture has a market cap of $36.65 billion and is part of the technology sector and computer software & services industry. Shares are up 18.5% year to date as of the close of trading on Tuesday.

Accenture plc operates as a management consulting, technology services, and outsourcing company. The company has a P/E ratio of 17.9, above the average computer software & services industry P/E ratio of 16 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Accenture as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Accenture Ratings Report.

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