Citigroup (NYSE: C) Reiterates "Buy" on Accenture Ltd (NYSE: ACN)

June 19, 2010

Susan Black, Big4.com

Citibank is maintaining its "Buy" rating on Accenture stock and their price target of $50.00.

Accenture has 21 Wall Street analysts following with a mean target price of $47 with a low of $37 and high of $55. So Citi is slightly higher than the average analyst in the crowd, but well below the most optimistic. The stock has an average rating of 2.1 with 1.0 being a strong buy and 5.0 being a sell, so 2.1 is about a Buy. Citi is toeing the line on the rating.

We’ve moved. Click here to go the full post at the new Big Four Blog at Big4.com!

Why Did ACN Drop to One Cent? No One Really Knows

There is a great exposition in today’s WSJ of what happened on Thursday to Accenture PLC (NYSE: ACN)’s stock price, which for two minutes dropped to a ridiculous price of 1 cent from $40 and bounced back again....


We've moved. Click here to go to the full post at the new Big Four Blog at Big4.com!

BearingPoint Delisted from NYSE, Stock Less Than a Nickel!

Earlier, we had blogged on how BearingPoint’s stock had fallen below 20 cents a share, clearly others were also taking notice. Just days ago on November 13, 2009, BearingPoint, Inc. received notice from NYSE Regulation, Inc. that the NYSE had decided to suspend BE's common stock from trading prior to market opening on Monday, November 17, 2008. The NYSE based its decision on the "abnormally low" trading price of BE common stock, which closed at just 7 cents on November 12, 2008. Further, BE had previously fallen below the NYSE's continued listing standard for minimum average closing price of $1.00 over a consecutive 30 trading day period and minimum average market capitalization of $100 million over a consecutive 30 trading day period...

We've moved. Click here to go to the full post at the new Big Four Blog at Big4.com!

BearingPoint (NYSE: BE) stock price drops to 20 cents!

We blogged earlier that BearingPoint stock had touched its all time low of 50 cents a share in September. But that was before the current meltdown in the financial markets, with today’s (October 9, 2008) shocking drop in the Dow of ~ 700 points, BearingPoint’s stock has fallen further amazingly to an even lower all-time low of 20 cents, touching at one point an intra-day low of 17 cents.The entire company’s market capitalization is now only about $40 million, this for a consulting firm in annual sales in excess of $3 billion...

We've moved. Click here to go to the full post at the new Big Four Blog at Big4.com!

BearingPoint (NYSE: BE) Stock Price Hits All Time Low – 50 Cents

On September 19, 2008 just a week ago, BearingPoint (NYSE: BE) stock hit a new 52 week and all-time low of just 50 cents a share. Based on the 218 shares outstanding, the market capitalization on that day was only $109 million. Add this to about $650 million in debt to come to an enterprise value of $759 million...



We've moved. Click here to go to the full post at the new Big Four Blog at Big4.com!