Argus Reiterates Hold On Accenture Following Q3 Earnings Results

In a research note released today, Argus analyst Jim Kelleher maintained a Hold rating on shares of Accenture plc (ACN), following a solid 3Q14 results, which was undercut by cautious 4Q guidance. No price target was assigned.

“Our current valuation analysis suggests the ACN shares are fairly valued. Based on market-mimicking growth outlook and valuation, we reiterate our HOLD rating on the shares”.

According to TipRanks, which measures analysts and bloggers success rate based on how their calls perform, analyst Jim Kelleher currently has a one-year average return of 17% and a 73% success rate. Kelleher has a 0%  average profit recommending ACN, and he is ranked #311 out of 3137 analysts.

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