Intuit Inc. (NASDAQ:INTU) had its price objective hoisted by Royal Bank Of Canada from $141.00 to $160.00 in a research report report published on Thursday morning, MarketBeat.com reports. They currently have a sector perform rating on the software maker’s stock.
Several other research analysts have also commented on INTU. First Analysis raised Intuit from an underweight rating to an equal weight rating and set a $128.00 price objective for the company in a report on Wednesday, August 23rd. Credit Suisse Group reissued an outperform rating and set a $155.00 price objective (up previously from $150.00) on shares of Intuit in a report on Wednesday, August 23rd. Deutsche Bank AG reissued a buy rating and set a $150.00 price objective on shares of Intuit in a report on Wednesday, August 23rd. Bank of America Corporation reissued a buy rating and set a $145.00 price objective on shares of Intuit in a report on Wednesday, August 23rd. Finally, Oppenheimer Holdings, Inc. boosted their price objective on Intuit from $141.00 to $146.00 and gave the stock an outperform rating in a report on Thursday, August 24th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $149.00.
Intuit (NASDAQ:INTU) traded up $0.90 during mid-day trading on Thursday, reaching $156.55. The company’s stock had a trading volume of 1,242,255 shares, compared to its average volume of 1,002,934. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.32. The stock has a market cap of $39,916.18, a price-to-earnings ratio of 41.53, a PEG ratio of 2.76 and a beta of 1.18. Intuit has a 1-year low of $111.48 and a 1-year high of $156.71.
Intuit (NASDAQ:INTU) last issued its quarterly earnings data on Tuesday, August 22nd. The software maker reported $0.20 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.03. Intuit had a return on equity of 82.43% and a net margin of 18.76%. The company had revenue of $842.00 million during the quarter, compared to analyst estimates of $808.82 million. During the same quarter in the previous year, the firm earned $0.08 earnings per share. Intuit’s revenue was up 11.7% on a year-over-year basis. sell-side analysts expect that Intuit will post 4.03 EPS for the current fiscal year.
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In related news, EVP Henry Tayloe Stansbury sold 5,350 shares of the company’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $140.25, for a total value of $750,337.50. Following the sale, the executive vice president now directly owns 6,242 shares of the company’s stock, valued at $875,440.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO R Neil Williams sold 184,585 shares of the company’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $141.11, for a total value of $26,046,789.35. Following the completion of the sale, the chief financial officer now directly owns 64,620 shares in the company, valued at $9,118,528.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,084,194 shares of company stock worth $151,162,540. 5.70% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Exane Derivatives purchased a new stake in shares of Intuit in the third quarter worth $105,000. Horan Capital Advisors LLC. purchased a new stake in shares of Intuit in the third quarter worth $114,000. Captrust Financial Advisors purchased a new stake in shares of Intuit in the second quarter worth $108,000. Shine Investment Advisory Services Inc. purchased a new stake in shares of Intuit in the second quarter worth $123,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of Intuit in the second quarter worth $140,000. 86.10% of the stock is currently owned by hedge funds and other institutional investors.
Intuit Inc is a provider of business and financial management solutions for small businesses, consumers and accounting professionals. The Company operates through three segments: Small Business, Consumer Tax and ProConnect. The Small Business segment serves and advises small businesses and the accounting professionals, and includes QuickBooks financial and business management online services and desktop software, payroll solutions, and payment processing solutions.
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