At the time of writing, Intuit Inc [INTU] stock is trading at $626.32, up 0.98%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The INTU shares have lost -1.75% over the last week, with a monthly amount drifted -0.66%, 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 July 03, 2024, when RBC Capital Mkts initiated its Outperform rating and assigned the stock a price target of $760. Previously, Jefferies reaffirmed its Buy rating on June 13, 2024, and kept the price target unchanged to $770. On December 15, 2023, Susquehanna initiated with a Positive rating and assigned a price target of $700 on the stock. HSBC Securities started tracking the stock assigning a Hold rating and suggested a price target of $520 on September 29, 2023. Exane BNP Paribas upgraded its rating to a Neutral but $532 remained the price target by the analyst firm on July 19, 2023. Atlantic Equities started tracking with a Overweight rating for this stock on April 24, 2023, and assigned it a price target of $530. In a note dated March 16, 2023, UBS initiated an Neutral rating and provided a target price of $430 on this stock.
For the past year, the stock price of Intuit Inc fluctuated between $473.56 and $676.62. Currently, Wall Street analysts expect the stock to reach $659.74 within the next 12 months. Intuit Inc [NASDAQ: INTU] shares were valued at $626.32 at the most recent close of the market. An investor can expect a potential return of 5.34% based on the average INTU price forecast.
Analyzing the INTU fundamentals
According to Intuit Inc [NASDAQ:INTU], the company’s sales were 15.81B for trailing twelve months, which represents an 11.95% jump. Gross Profit Margin for this corporation currently stands at 0.78% with Operating Profit Margin at 0.24%, Pretax Profit Margin comes in at 0.23%, and Net Profit Margin reading is 0.19%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 0.18 and Total Capital is 0.15. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.32.
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 617.35 points at the first support level, and at 608.39 for the second support level. However, for the 1st resistance point, the stock is sitting at 638.20, and for the 2nd resistance point, it is at 650.09.
Ratios To Look Out For
It is important to note that Intuit Inc [NASDAQ:INTU] has a current ratio of 1.50. Also, the Quick Ratio is 1.50, while the Cash Ratio stands at 0.68. Considering the valuation of this stock, the price to sales ratio is 11.07, the price to book ratio is 9.34 and price to earnings (TTM) ratio is 57.88.
Transactions by insiders
Recent insider trading involved Aujla Sandeep, EVP and CFO, that happened on Jul 03 ’24 when 1061.0 shares were sold. EVP, Consumer Group, Notarainni Mark P. completed a deal on Jul 03 ’24 to sell 466.0 shares. Meanwhile, EVP, Consumer Group Notarainni Mark P. sold 965.0 shares on Jul 02 ’24.
