Intuit Given Consensus Recommendation of “Hold” by Brokerages (NASDAQ:INTU)
Shares of Intuit (NASDAQ:INTU) have been given an average recommendation of “Hold” by the fifteen analysts that are presently covering the company, American Banking News reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $78.21.
A number of research firms have recently commented on INTU. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Intuit in a research note on Wednesday, May 28th. They now have a $84.00 price target on the stock, up previously from $77.00. Separately, 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. Finally, 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.
Intuit (NASDAQ:INTU) traded up 0.57% on Friday, hitting $84.28. The stock had a trading volume of 605,149 shares. Intuit has a 1-year low of $61.50 and a 1-year high of $83.88. The stock has a 50-day moving average of $81.6 and a 200-day moving average of $77.96. The company has a market cap of $23.926 billion and a price-to-earnings ratio of 26.75.
Intuit (NASDAQ:INTU) last posted its quarterly 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.
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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