Jim Cramer on Accenture: "I'm Willing to Pull the Trigger"

Accenture plc (NYSE:ACN) is one of the stocks Jim Cramer offered insights on. When a caller asked about the stock during the lightning round, Cramer stated:

“Alright, now I gotta tell you, Accenture’s come down enough. It hit a 52-week low. I mean, how bad could it really be? It hit a 52-week low today. I don’t think it’s that bad. The only thing I would change is that when you do, when you put it in spell check, it always goes to CAN instead of ACN. But that’s not really their fault. I think that at 18 times earnings, I’m willing to pull the trigger, Accenture, and that’s the first time I’ve said that because I have really disliked the stock.”

Accenture plc (NYSE:ACN) delivers consulting, technology, operations, and digital services, including AI, automation, security, and software engineering. In addition, the company designs and produces robotics and hardware solutions. It serves clients across industries such as finance, healthcare, consumer goods, energy, and technology.

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Disclosure: None. This article is originally published at Insider Monkey.