Yandex (NASDAQ: YNDX), Accenture Plc (NYSE: ACN), ReachLocal Inc. (NASDAQ: RLOC) an Kior (NASDAQ: KIOR) getting new coverage.
BMO Capital Markets initiated coverage on Accenture Plc (ACN). They placed a “Market Perform” rating and a price target of $70.00 on the company.
Citigroup (NYSE:C) initiated coverage on KiOR Inc. (KIOR). They placed a “Buy” rating and a price target of $21.00 on the company.
Needham & Company initiated coverage on ReachLocal Inc. (RLOC). They placed a “Buy” rating and a price target of $25.00 on the company.
JPMorgan Chase & Co. (NYSE:JPM) initiated coverage on Yandex (YNDX). They placed an “Overweight” rating on the company.
Showing posts with label Accenture. Show all posts
Showing posts with label Accenture. Show all posts
Thursday, August 4, 2011
Monday, May 16, 2011
Ratings on (AAV) (ACN) (AEO) (AMR) (ASCA) Upgraded
Ratings on Advantage Oil & Gas Ltd. (NYSE: AAV), Accenture Plc (NYSE: ACN), American Eagle (NYSE: AEO), AMR Co. (NYSE: AMR) and Ameristar Casinos (NASDAQ: ASCA) were upgraded by analysts.
TD Newcrest upgraded Advantage Oil & Gas Ltd. (AAV) from a “hold” rating to a “buy” rating.
UBS AG (NYSE:UBS) upgraded Accenture Plc (ACN) from a “neutral” rating to a “buy” rating. They have a price target of $63.00 on the company, up from $54.00.
Susquehanna upgraded American Eagle (AEO) from a “neutral” rating to a “positive” rating.
JPMorgan Chase & Co. (NYSE:JPM) upgraded AMR Co. (AMR) from a “neutral” rating to an “overweight” rating.
Jefferies (NYSE:JEF) upgraded Ameristar Casinos (ASCA) from a “hold” rating to a “buy” rating.
TD Newcrest upgraded Advantage Oil & Gas Ltd. (AAV) from a “hold” rating to a “buy” rating.
UBS AG (NYSE:UBS) upgraded Accenture Plc (ACN) from a “neutral” rating to a “buy” rating. They have a price target of $63.00 on the company, up from $54.00.
Susquehanna upgraded American Eagle (AEO) from a “neutral” rating to a “positive” rating.
JPMorgan Chase & Co. (NYSE:JPM) upgraded AMR Co. (AMR) from a “neutral” rating to an “overweight” rating.
Jefferies (NYSE:JEF) upgraded Ameristar Casinos (ASCA) from a “hold” rating to a “buy” rating.
Friday, March 25, 2011
Accenture (ACN) Roars on Strong Guidance
Accenture (NYSE:ACN) shares soared in after-hours trading as the generated a strong second quarter and gave solid guidance going forward.
The company also declared a semi-annual cash dividend of 45 cents a share.
Accenture said it earned $557.6 million, or 75 cents a share, in the latest quarter on revenue net of reimbursements of $6.05 billion. That performance was ahead of last year's equivalent profit of $458.2 million, or 60 cents a share, and topped the average estimate of analysts polled by Thomson Reuters for earnings of 71 cents a share in the February period on revenue of $5.74 billion.
For fiscal 2011, Accenture now sees earnings of $3.22 to $3.30 a share, up from both its previous projection of a range of $3.08 to $3.16 a share, and the current consensus view for a profit of $3.14 a share in the period. The company expects revenue to rise between 11-14% for the year vs. a prior target of 8-11%. It sees revenue for its fiscal third quarter ending in May coming in between $6.3 billion and $6.5 billion.
"With quarterly bookings of $7 billion, including our second-highest consulting bookings ever, demand for our services remains strong, and our growth trajectory demonstrates that we continue to execute our business strategy extremely well," said Pierre Nanterme, the company's chief executive officer. "We remain focused on growing market share and, as always, on delivering value to our clients as well as our shareholders."
Accenture closed Thursday at $51.96, gaining $1.29, or 2.55 percent. As of 8:00 PM, they traded at 54.73, rising another $2.77, or 5.33 percent.
Source
The company also declared a semi-annual cash dividend of 45 cents a share.
Accenture said it earned $557.6 million, or 75 cents a share, in the latest quarter on revenue net of reimbursements of $6.05 billion. That performance was ahead of last year's equivalent profit of $458.2 million, or 60 cents a share, and topped the average estimate of analysts polled by Thomson Reuters for earnings of 71 cents a share in the February period on revenue of $5.74 billion.
For fiscal 2011, Accenture now sees earnings of $3.22 to $3.30 a share, up from both its previous projection of a range of $3.08 to $3.16 a share, and the current consensus view for a profit of $3.14 a share in the period. The company expects revenue to rise between 11-14% for the year vs. a prior target of 8-11%. It sees revenue for its fiscal third quarter ending in May coming in between $6.3 billion and $6.5 billion.
"With quarterly bookings of $7 billion, including our second-highest consulting bookings ever, demand for our services remains strong, and our growth trajectory demonstrates that we continue to execute our business strategy extremely well," said Pierre Nanterme, the company's chief executive officer. "We remain focused on growing market share and, as always, on delivering value to our clients as well as our shareholders."
Accenture closed Thursday at $51.96, gaining $1.29, or 2.55 percent. As of 8:00 PM, they traded at 54.73, rising another $2.77, or 5.33 percent.
Source
Friday, December 17, 2010
Accenture (NYSE:ACN) Competitive Advantage Remains Strong
Goldman Sachs (NYSE:GS) continues to be bullish on Accenture (NYSE:ACN), saying their differentiation will maintain a competitive advantage in their sector.
They said, "The combination of its consulting/outsourcing/offshore continues to resonate with global enterprise clients looking for high-end but cost effective service delivery. In our view this combination including its client-partner and strategic account model present formidable differentiators."
Goldman raised their EPS estimates for full year 2011-2013 to $3.16, $3.63, and $4.12. All of those numbers were increased by 6 cents each from prior estimates.
They maintain a "Buy" rating on Accenture, which was trading at $50.36, up $3.69, or 7.91 percent, as of 12:18 PM EST. They raised their price target on them from $50 to $53.
They said, "The combination of its consulting/outsourcing/offshore continues to resonate with global enterprise clients looking for high-end but cost effective service delivery. In our view this combination including its client-partner and strategic account model present formidable differentiators."
Goldman raised their EPS estimates for full year 2011-2013 to $3.16, $3.63, and $4.12. All of those numbers were increased by 6 cents each from prior estimates.
They maintain a "Buy" rating on Accenture, which was trading at $50.36, up $3.69, or 7.91 percent, as of 12:18 PM EST. They raised their price target on them from $50 to $53.
Wednesday, December 15, 2010
Accenture's (NYSE:ACN) Consulting to Continue to Give Them Edge
Assuming sustainability of a recovery in the services market, the consulting unit of Accenture (NYSE:ACN), continues to give them an edge in the sector.
Barclays (NYSE:BCS) said, "ACN will report fiscal 1Q11 earnings results after market close on Thursday, December 16. Business confidence data points broadly support our estimates for 10% local currency growth in fiscal 1Q11 and nearly 8.5% growth in FY 2011, as do our ongoing discussions with a number of industry players (most recently at our Global Tech conference last week, where the tone on consulting/outsourcing services was constructive).
"...We continue to view ACN as a key beneficiary of the services market recovery at this point in the cycle given its strong consulting edge, and see considerable upside to earnings power over time from ongoing growth, margin expansion (may be variable quarter-to-quarter due to timing of investments, but supported by strong consulting revenues and increasing scale through the GDN), and potential capital structure opportunities."
Barclays reiterates an "Overweight" rating on Accenture plc, which closed Tuesday at $46.58, up $0.68, or 1.48 percent. Barclays has a price target on them of $52.
Barclays (NYSE:BCS) said, "ACN will report fiscal 1Q11 earnings results after market close on Thursday, December 16. Business confidence data points broadly support our estimates for 10% local currency growth in fiscal 1Q11 and nearly 8.5% growth in FY 2011, as do our ongoing discussions with a number of industry players (most recently at our Global Tech conference last week, where the tone on consulting/outsourcing services was constructive).
"...We continue to view ACN as a key beneficiary of the services market recovery at this point in the cycle given its strong consulting edge, and see considerable upside to earnings power over time from ongoing growth, margin expansion (may be variable quarter-to-quarter due to timing of investments, but supported by strong consulting revenues and increasing scale through the GDN), and potential capital structure opportunities."
Barclays reiterates an "Overweight" rating on Accenture plc, which closed Tuesday at $46.58, up $0.68, or 1.48 percent. Barclays has a price target on them of $52.
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