Intuit Receives Average Recommendation of “Hold” from Brokerages (NASDAQ:INTU)
Shares of Intuit (NASDAQ:INTU) have been given a consensus recommendation of “Hold” by the seventeen ratings firms that are covering the stock, Analyst RN reports. One research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $77.85.
In other Intuit news, SVP Daniel A. Wernikoff sold 18,000 shares of Intuit stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $79.41, for a total value of $1,429,380.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Intuit (NASDAQ:INTU) opened at 80.14 on Wednesday. Intuit has a 1-year low of $56.74 and a 1-year high of $82.40. The stock has a 50-day moving average of $75. and a 200-day moving average of $75.61. The company has a market cap of $22.751 billion and a price-to-earnings ratio of 25.58.
Intuit (NASDAQ:INTU) last announced its earnings results on Tuesday, May 20th. The company reported $3.53 earnings per share for the quarter, beating the analysts’ consensus estimate of $3.50 by $0.03. The company had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.38 billion. During the same quarter last year, the company posted $2.97 earnings per share. Intuit’s revenue was up 14.2% compared to the same quarter last year. Analysts expect that Intuit will post $3.58 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, July 18th. Stockholders of record on Thursday, July 10th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend is Tuesday, July 8th.
Several analysts have recently commented on the stock. Analysts at Morgan Stanley reiterated an “underweight” rating on shares of Intuit in a research note on Thursday, May 22nd. They now have a $66.00 price target on the stock. Separately, analysts at Goldman Sachs raised their price target on shares of Intuit to $80.00 in a research note on Wednesday, May 21st. They now have a “neutral” rating on the stock. Finally, analysts at Raymond James raised their price target on shares of Intuit from $84.00 to $89.00 in a research note on Wednesday, May 21st. They now have a “strong-buy” rating on the stock.
Intuit Inc (NASDAQ:INTU) is a provider of business and financial management solutions for small businesses, consumers, accounting professionals and financial institutions.
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