Accenture Stock Hits New 52-Week High (ACN)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Accenture (NYSE: ACN) hit a new 52-week high Thursday as it is currently trading at $78.66, above its previous 52-week high of $78.46 with 402,822 shares traded as of 10:05 a.m. ET. Average volume has been 2.6 million shares over the past 30 days.

Accenture has a market cap of $49.6 billion and is part of the technology sector and computer software & services industry. Shares are up 14.7% year to date as of the close of trading on Wednesday.

Accenture plc operates as a management consulting, technology services, and outsourcing company worldwide. The company has a P/E ratio of 16.5, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Accenture as a buy. The company's strengths can be seen in multiple areas, such as its 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 has had somewhat disappointing return on equity. You can view the full Accenture Ratings Report.

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