Intuit Receives Consensus Rating of “Hold” from Analysts (NASDAQ:INTU)

Nolan Pearson for WKRB writes: Shares of Intuit (NASDAQ:INTU) have earned an average recommendation of “Hold” from the twenty ratings firms that are covering the company, American Banking News.com reports. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target priceamong brokers that have updated their coverage on the stock in the last year is $72.79.

INTU has been the subject of a number of recent research reports. Analysts at Jefferies Group raised their price target on shares of Intuit from $73.00 to $75.00 in a research note on Friday. They now have a “hold” rating on the stock. Separately, analysts at Zacks downgraded shares of Intuit from a “neutral” rating to an “underperform” rating in a research note on Thursday, February 20th. They now have a $71.40 price target on the stock. Finally, analysts at Deutsche Bank cut their price target on shares of Intuit from $68.00 to $65.00 in a research note on Thursday, February 13th.

Intuit (NASDAQ:INTU) traded down 0.58% during mid-day trading on Tuesday, hitting $76.96. The stock had a trading volume of 331,676 shares. Intuit has a one year low of $55.54 and a one year high of $78.74. The stock’s 50-day moving average is $73. and its 200-day moving average is $70.58. The company has a market cap of $21.857 billion and a P/E ratio of 30.14.

Intuit (NASDAQ:INTU) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.02 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.14 by $0.12. The company had revenue of $782.00 million for the quarter, compared to the consensus estimate of $778.88 million. Analysts expect that Intuit will post $3.57 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, April 18th. Investors of record on Thursday, April 10th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Tuesday, April 8th.

Intuit Inc (NASDAQ:INTU) is a provider of business and financial management solutions for small businesses, consumers, accounting professionals and financial institutions.