Share on StockTwits

Intuit (NASDAQ:INTU) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued to investors on Wednesday. They currently have a $80.60 target price on the stock. Zacks‘s price objective indicates a potential downside of 2.47% from the company’s current price.

A number of other firms have also recently commented on INTU. Analysts at Raymond James reiterated a “strong-buy” rating on shares of Intuit in a research note on Friday, August 22nd. They now have a $100.00 price target on the stock, up previously from $89.00. Separately, analysts at Barclays raised their price target on shares of Intuit from $69.00 to $90.00 in a research note on Friday, August 22nd. They now have an “equal weight” rating on the stock. Finally, analysts at Wedbush raised their price target on shares of Intuit from $87.00 to $95.00 in a research note on Friday, August 22nd. They now have an “outperform” rating on the stock. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Intuit currently has an average rating of “Hold” and an average price target of $81.37.

Intuit (NASDAQ:INTU) traded down 0.23% on Wednesday, hitting $82.45. The stock had a trading volume of 794,081 shares. Intuit has a 52-week low of $62.89 and a 52-week high of $86.80. The stock’s 50-day moving average is $82.23 and its 200-day moving average is $78.69. The company has a market cap of $23.416 billion and a price-to-earnings ratio of 26.76.

Intuit (NASDAQ:INTU) last issued its quarterly earnings data 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 $2.57 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Monday, October 20th. Shareholders of record on Friday, October 10th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.21%. The ex-dividend date is Wednesday, October 8th. This is a positive change from Intuit’s previous quarterly dividend of $0.19.

In other Intuit news, CEO Brad D. Smith sold 21,000 shares of the stock on the open market in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $82.24, for a total value of $1,727,040.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Intuit Inc (NASDAQ:INTU) is a provider of business and financial management solutions for small businesses, consumers, accounting professionals and financial institutions.

To view Zacks’ full report, visit Zacks’ official website.

Receive News & Ratings for Intuit Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intuit Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.