Thursday, February 13, 2014

Intuit Price Target Lowered to $65.00 at Deutsche Bank (INTU)

Logan Wallace for writes: Stock analysts at Deutsche Bank cut their price objective on shares of Intuit (NASDAQ:INTU) from $68.00 to $65.00 in a report issued on Thursday, Analyst Ratings.Net reports. Deutsche Bank’s target price indicates a potential downside of 7.22% from the stock’s previous close.

INTU has been the subject of a number of other recent research reports. Analysts at Evercore Partners downgraded shares of Intuit from an “equal weight” rating to an “underweight” rating in a research note on Wednesday. They now have a $62.00 price target on the stock, up previously from $10.00. Separately, analysts at Wedbush raised their price target on shares of Intuit from $79.00 to $82.00 in a research note on Friday, November 22nd. Finally, analysts at Jefferies Group raised their price target on shares of Intuit from $65.00 to $73.00 in a research note on Friday, November 22nd. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $72.13.

Intuit (NASDAQ:INTU) opened at 69.52 on Thursday. Intuit has a one year low of $55.54 and a one year high of $77.78. The stock has a 50-day moving average of $74.45 and a 200-day moving average of $70.02. The company has a market cap of $19.803 billion and a price-to-earnings ratio of 24.23.

Intuit (NASDAQ:INTU) last released its earnings data on Thursday, November 21st. The company reported ($0.06) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.10) by $0.04. The company had revenue of $622.00 million for the quarter, compared to the consensus estimate of $603.00 million. During the same quarter last year, the company posted ($0.03) earnings per share. Intuit’s revenue was up 10.7% compared to the same quarter last year. On average, analysts predict that Intuit will post $3.57 earnings per share for the current fiscal year.
Intuit Inc (NASDAQ:INTU) is a provider of business and financial management solutions for small businesses, consumers, accounting professionals and financial institutions.