Your First Trade For Friday, January 25: Accenture plc (ACN), Brinker International, Inc. (EAT)

The shares of Accenture plc (NYSE:ACN) dropped by -14.51% or -$25.49 from its last recorded high of $175.64 which it attained on September 21 to close at $150.15 per share. Over the past 52 weeks, the shares of Accenture plc has been trading as low as $132.63 before witnessing a massive surge by 13.21% or $17.52. This price movement has led to the ACN stock receiving more attention and has become one to watch out for. It jumped by 1.17% on Thursday and this got the market excited. The stock’s beta now stands at 1.1 and when compared to its 200-day moving average and its 50-day moving average, ACN price stands -5.69% below and -1.6% below respectively. Its average daily volatility for this week is 1.66% which is less than the 2.21% recorded over the past month.

Accenture plc (ACN) rose 1.54% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a drop that has seen it decline -6.67% and is now up by 6.48% since start of this year. A look at its monthly performance shows that the stock has recorded a 9.44% gain over the past 30 days. Its equity price dipped by -5.89% over the past three months which led to its overall six-month decrease to stand at -9.09%.

Experts from research firms are bullish about the near-term performance of Accenture plc with most of them predicting a $169.13 price target on a short-term (12 months) basis. The average price target by the analysts will see a 12.64% rise in the stock and would lead to ACN’s market cap to surge to $111.57B. The stock has been rated an average 2.1, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 27 analysts that track Accenture plc (NYSE:ACN) and find out that 8 of them rated it as a Hold. 17 of the 19 analysts rated it as a Buy or a Strong Buy while 2 advised investors to desist from buying the stock or sell it if they already possess it.

A look at ACN technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 55.5 point. Its trading volume has lost -575685 shares compared to readings over the past three months as it recently exchanged 1914315 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 2490000 shares, and this is 0.77 times the normal volume.

The price of Brinker International, Inc. (NYSE:EAT) currently stands at $47.11 after it went down by $-0.47 or -0.99% and has found a strong support at $46.56 a share. If the EAT price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $46.01 mark would also be bad for the stock as it means that the stock would plunge by 2.33% from its current position. However, if the stock price is able to trade above the resistance point around $48.13, then it could likely surge higher to try and break the upward resistance which stands at $49.15 a share. Its average daily volatility over the past one month stands at 3.82%. The stock has plunged by 0.17% from its 52-weeks high of $47.03 which it reached on Jun. 21, 2018. In general, it is 32.01% above its 52-weeks lowest point which stands at $32.03 and this setback was observed on Feb. 20, 2018.

Analysts have predicted a price target for Brinker International, Inc. (EAT) for 1 year and it stands at an average $48.58/share. This means that it would likely increase by 3.12% from its current position. The current price of the stock has been moving between $47.03 and $48.6. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $40. On the other hand, one analyst is super bullish about the price, setting a target as high as $57.

The EAT stock Stochastic Oscillator (%D) is at 21.04%, which means that it is currently oversold and its prices could jump very soon. The shares P/S ratio stands at 0.58 which compares to the 3.04 recorded by the industry or the 136.78 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 11.87, which is lower than the 13.92 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 5.6% over the past five years.

Analysts view Brinker International, Inc. (NYSE:EAT) as a Hold, with 2.8 consensus rating. Reuters surveyed 19 analysts that follow EAT and found that 11 of those analysts rated the stock as a Hold. The remaining 8 were divided, with 5 analyst rating it as a Buy or a Strong Buy while 3 analysts advised investors to desist from buying Brinker International, Inc. (EAT) shares or sell it if they already own it.