Currently, Intuit Inc [INTU] is trading at $654.64, up 2.93%. 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 gain 2.47% over the last week, with a monthly amount glided 5.76%, 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 November 19, 2024, when Scotiabank initiated its Sector Perform rating and assigned the stock a price target of $700. Previously, BMO Capital Markets reaffirmed its Outperform rating on August 23, 2024, and elevated its price target to $760. On August 14, 2024, downgrade downgraded it’s rating to Equal-Weight and revised its price target to $685 on the stock. RBC Capital Mkts started tracking the stock assigning a Outperform rating and suggested a price target of $760 on July 03, 2024. Jefferies reiterated its recommendation of a Buy but $770 remained the price target by the analyst firm on June 13, 2024. Susquehanna started tracking with a Positive rating for this stock on December 15, 2023, and assigned it a price target of $700. In a note dated September 29, 2023, HSBC Securities initiated an Hold rating and provided a target price of $520 on this stock.
This stock has fluctuated between a low of $557.29 and a high of $714.78 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $744 within the next 12 months. Intuit Inc [NASDAQ: INTU] shares were valued at $654.64 at the most recent close of the market. An investor can expect a potential return of 13.65% based on the average INTU price forecast.
Analyzing the INTU fundamentals
Trailing Twelve Months sales for Intuit Inc [NASDAQ:INTU] were 16.59B which represents 10.24% growth. Gross Profit Margin for this corporation currently stands at 0.78% with Operating Profit Margin at 0.22%, Pretax Profit Margin comes in at 0.21%, 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 640.93 points at the first support level, and at 627.21 for the second support level. However, for the 1st resistance point, the stock is sitting at 664.37, and for the 2nd resistance point, it is at 674.10.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Intuit Inc [NASDAQ:INTU] is 1.24. Also, the Quick Ratio is 1.24, while the Cash Ratio stands at 0.33. Considering the valuation of this stock, the price to sales ratio is 11.05, the price to book ratio is 10.11 and price to earnings (TTM) ratio is 63.68.
Transactions by insiders
Recent insider trading involved COOK SCOTT D, Founder, that happened on Nov 25 ’24 when 75000.0 shares were sold. Founder, COOK SCOTT D completed a deal on Nov 26 ’24 to sell 3164.0 shares. Meanwhile, Director SCOTT D. COOK & HELEN SIGNE OS bought 78164.0 shares on Nov 25 ’24.
