At the time of writing, Intuit Inc [INTU] stock is trading at $623.70, up 1.90%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The INTU shares have gain 2.31% over the last week, with a monthly amount glided 0.43%, and 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 August 23, 2024, when BMO Capital Markets reiterated its Outperform rating and also boosted its price target to $760 from $700. Previously, Morgan Stanley downgraded its rating to Equal-Weight on August 14, 2024, and dropped its price target to $685. On July 03, 2024, RBC Capital Mkts initiated with a Outperform rating and assigned a price target of $760 on the stock. Jefferies reiterated its Buy rating but stick to its price target of $770 on June 13, 2024. Susquehanna initiated its recommendation with a Positive and recommended $700 as its price target on December 15, 2023. HSBC Securities started tracking with a Hold rating for this stock on September 29, 2023, and assigned it a price target of $520. In a note dated July 19, 2023, Exane BNP Paribas upgraded an Neutral rating on this stock but restated the target price of $532.
For the past year, the stock price of Intuit Inc fluctuated between $481.79 and $676.62. Currently, Wall Street analysts expect the stock to reach $715.09 within the next 12 months. Intuit Inc [NASDAQ: INTU] shares were valued at $623.70 at the most recent close of the market. An investor can expect a potential return of 14.65% based on the average INTU price forecast.
Analyzing the INTU fundamentals
According to Intuit Inc [NASDAQ:INTU], the company’s sales were 16.29B for trailing twelve months, which represents an 17.40% jump. Gross Profit Margin for this corporation currently stands at 0.77% with Operating Profit Margin at 0.24%, 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 0.17 and Total Capital is 0.16. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.33.
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 613.52 points at the first support level, and at 603.34 for the second support level. However, for the 1st resistance point, the stock is sitting at 629.74, and for the 2nd resistance point, it is at 635.78.
Ratios To Look Out For
It is important to note that Intuit Inc [NASDAQ:INTU] has a current ratio of 1.29. In addition, the Quick Ratio stands at 1.29 and the Cash Ratio stands at 0.48. Considering the valuation of this stock, the price to sales ratio is 10.73, the price to book ratio is 9.48 and price to earnings (TTM) ratio is 59.77.
Transactions by insiders
Recent insider trading involved Aujla Sandeep, EVP and CFO, that happened on Oct 10 ’24 when 4000.0 shares were sold. Officer, Aujla Sandeep completed a deal on Oct 10 ’24 to buy 4000.0 shares. Meanwhile, EVP and CFO Aujla Sandeep sold 775.0 shares on Oct 03 ’24.
