Barclays Boosts Intuit Price Target to $90.00 (INTU)
Investment analysts at Barclays boosted their price objective on shares of Intuit (NASDAQ:INTU) from $69.00 to $90.00 in a note issued to investors on Friday. The firm currently has an “equal weight” rating on the stock. Barclays’ target price points to a potential upside of 4.88% from the stock’s previous close.
INTU has been the subject of a number of other recent research reports. Analysts at Wedbush raised their price target on shares of Intuit from $87.00 to $95.00 in a research note on Friday. They now have an “outperform” rating on the stock. Separately, 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. Finally, 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 investment analyst has rated the stock with a sell rating, eight have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Intuit presently has a consensus rating of “Hold” and a consensus target price of $81.43.
Shares of Intuit (NASDAQ:INTU) traded down 2.63% during mid-day trading on Friday, hitting $83.55. The stock had a trading volume of 3,929,990 shares. Intuit has a 52 week low of $61.50 and a 52 week high of $85.89. The stock has a 50-day moving average of $82.16 and a 200-day moving average of $78.37. The company has a market cap of $23.719 billion and a price-to-earnings ratio of 27.39. Intuit also was the recipient of unusually large options trading on Thursday. Traders bought 6,247 call options on the company. This represents an increase of approximately 832% compared to the typical daily volume of 670 call options.
Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Thursday, August 21st. The company reported $0.01 EPS for the quarter, missing the Thomson Reuters 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. The company’s quarterly revenue was up 12.6% on a year-over-year basis. On average, analysts predict that Intuit will post $3.97 earnings per share 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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