Intuit Inc [INTU] stock prices are down -2.44% to $628.36 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 0.86% over the last week, with a monthly amount drifted -3.46%, and not seem to be holding up well over a long-time horizon.
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On 2, April 2024, Intuit Launches Intuit for Education and Announces Goal to Help 50M Students Become Financially Literate, Capable, and Confident by 2030. In a post published today on Yahoo Finance, Intuit for Education delivers free, flexible, and interactive financial curriculum for schools.
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 $400.22 and $671.01 over the past year. Currently, Wall Street analysts expect the stock to reach $597.77 within the next 12 months. Intuit Inc [NASDAQ: INTU] shares were valued at $628.36 at the most recent close of the market. An investor can expect a potential drop of -4.87% 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.38.
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 624.85 points at the first support level, and at 621.33 for the second support level. However, for the 1st resistance point, the stock is sitting at 633.58, and for the 2nd resistance point, it is at 638.79.
Intuit Inc [INTU] reported earnings per share of $2.63 for its fiscal quarter that ended on 1/30/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.3/share, meaning a difference of $0.33 and a surprise factor of 14.30%. By comparison, the stated earnings for the previous quarter ended on 10/30/2023 were $2.47 per share as compared to estimates of $1.98 per share, a difference of $0.49 representing a surprise of 24.70%.
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 11.66, the price to book ratio is 10.41 and price to earnings (TTM) ratio is 64.23.
Transactions by insiders
Recent insider trading involved Balazs Alex G., EVP, Chief Technology Officer, that happened on Mar 20 ’24 when 280.0 shares were sold. EVP, Gen. Counsel & Corp.Sec., McLean Kerry J completed a deal on Feb 27 ’24 to sell 3692.0 shares. Meanwhile, SVP, Chief Accounting Officer Hotz Lauren D sold 745.0 shares on Feb 26 ’24.
