Intuit Inc [INTU] stock prices are up 1.81% to $662.64 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The INTU shares have gain 3.58% over the last week, with a monthly amount glided 0.68%, and seem to be holding up well over a long-time horizon.
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On 1, March 2024, Super Micro Computer and Deckers Outdoor Set to Join S&P 500; Others to Join S&P 100, S&P MidCap 400 and S&P SmallCap 600. In a post published today on Yahoo Finance, S&P Dow Jones Indices (“S&P DJI”) will make the following changes to the S&P 500, S&P 100, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, March 18, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from the S&P SmallCap 600 are no longer representative of the small-cap market space.
From an analyst’s perspective:
Intuit Inc [NASDAQ: INTU] stock has seen the most recent analyst activity on December 15, 2023, when Susquehanna initiated its Positive rating and assigned the stock a price target of $700. Previously, HSBC Securities started tracking the stock with Hold rating on September 29, 2023, and set its price target to $520. On July 19, 2023, upgrade upgraded it’s rating to Neutral but maintained its price target of $532 on the stock. Atlantic Equities started tracking the stock assigning a Overweight rating and suggested a price target of $530 on April 24, 2023. UBS initiated its recommendation with a Neutral and recommended $430 as its price target on March 16, 2023. Daiwa Securities started tracking with a Outperform rating for this stock on March 15, 2023, and assigned it a price target of $444. In a note dated November 22, 2022, Credit Suisse initiated an Outperform rating and provided a target price of $500 on this stock.
The stock price of Intuit Inc [INTU] has been fluctuating between $384.05 and $671.01 over the past year. Currently, Wall Street analysts expect the stock to reach $592.32 within the next 12 months. Intuit Inc [NASDAQ: INTU] shares were valued at $662.64 at the most recent close of the market. An investor can expect a potential drop of -10.61% based on the average INTU price forecast.
Analyzing the INTU fundamentals
The Intuit Inc [NASDAQ:INTU] reported sales of 15.09B for trailing twelve months, representing a surge of 11.34%. Gross Profit Margin for this corporation currently stands at 0.78% with Operating Profit Margin at 0.23%, Pretax Profit Margin comes in at 0.22%, and Net Profit Margin reading is 0.18%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.16 and Total Capital is 0.15. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.38.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 651.36 points at the first support level, and at 640.08 for the second support level. However, for the 1st resistance point, the stock is sitting at 670.19, and for the 2nd resistance point, it is at 677.74.
Ratios To Look Out For
It’s worth pointing out that Intuit Inc [NASDAQ:INTU]’s Current Ratio is 1.17. On the other hand, the Quick Ratio is 1.17, and the Cash Ratio is 0.24. Considering the valuation of this stock, the price to sales ratio is 12.29, the price to book ratio is 10.97 and price to earnings (TTM) ratio is 67.73.
Transactions by insiders
Recent insider trading involved McLean Kerry J, EVP, Gen. Counsel & Corp.Sec., that happened on Feb 27 ’24 when 3692.0 shares were sold. SVP, Chief Accounting Officer, Hotz Lauren D completed a deal on Feb 26 ’24 to sell 745.0 shares. Meanwhile, EVP, Chief Technology Officer Balazs Alex G. sold 3964.0 shares on Jan 09 ’24.
