Intuit Sees Unusually High Options Volume (INTU)
Intuit (NASDAQ:INTU) was the recipient of unusually large options trading activity on Thursday. Traders bought 3,250 put options on the company, ARN reports. This represents an increase of 630% compared to the average volume of 445 put options.
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 Wednesday. They now have a $66.00 price target on the stock, down previously from $72.00. 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. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $78.21.
Shares of Intuit (NASDAQ:INTU) traded up 0.63% on Thursday, hitting $85.81. The stock had a trading volume of 1,690,992 shares. Intuit has a 52 week low of $61.50 and a 52 week high of $85.58. The stock has a 50-day moving average of $82.03 and a 200-day moving average of $78.3. The company has a market cap of $24.360 billion and a P/E ratio of 27.22.
Intuit (NASDAQ:INTU) last released its earnings data on Thursday, August 21st. The company reported $0.01 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.07 by $0.06. The company had revenue of $714.00 million for the quarter, compared to the consensus estimate of $699.49 million. Intuit’s revenue was up 12.6% 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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