At the time of writing, Intuit Inc [INTU] stock is trading at $613.21, up 0.28%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The INTU shares have lost -2.41% over the last week, with a monthly amount drifted -2.73%, and not seem to be holding up well over a long-time horizon.
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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.
For the past year, the stock price of Intuit Inc fluctuated between $400.22 and $671.01. Currently, Wall Street analysts expect the stock to reach $597.77 within the next 12 months. Intuit Inc [NASDAQ: INTU] shares were valued at $613.21 at the most recent close of the market. An investor can expect a potential drop of -2.52% based on the average INTU price forecast.
Analyzing the INTU fundamentals
According to Intuit Inc [NASDAQ:INTU], the company’s sales were 15.09B for trailing twelve months, which represents an 11.34% jump. 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 610.77 points at the first support level, and at 608.32 for the second support level. However, for the 1st resistance point, the stock is sitting at 616.73, and for the 2nd resistance point, it is at 620.24.
Ratios To Look Out For
It is important to note that Intuit Inc [NASDAQ:INTU] has a current ratio of 1.17. As well, the Quick Ratio is 1.17, while the Cash Ratio is 0.24. Considering the valuation of this stock, the price to sales ratio is 11.37, the price to book ratio is 10.16 and price to earnings (TTM) ratio is 62.68.
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.
