American Banking News writes: Shares of Intuit (NASDAQ:INTU) reached a new 52-week high during trading on Friday , Analyst Ratings.Net reports. The stock traded as high as $88.84 and last traded at $88.06, with a volume of 417,058 shares changing hands. The stock had previously closed at $86.83.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Intuit from an “underperform” rating to a “neutral” rating in a research note on Wednesday, October 22nd. They now have a $84.40 price target on the stock. Separately, analysts at Evercore Partners downgraded shares of Intuit from an “equal weight” rating to an “underweight” rating in a research note on Thursday, October 2nd. They now have a $77.00 price target on the stock. Finally, analysts at RBC Capital initiated coverage on shares of Intuit in a research note on Monday, September 15th. They set an “outperform” rating and a $105.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Intuit currently has a consensus rating of “Hold” and a consensus target price of $85.80.
The stock has a 50-day moving average of $84.07 and a 200-day moving average of $80.90. The company has a market cap of $25.130 billion and a price-to-earnings ratio of 27.85.
Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Thursday, August 21st. The company reported $0.01 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.07 by $0.06. The company had revenue of $714.00 million for the quarter, compared to the consensus estimate of $699.49 million. Intuit’s revenue was up 12.6% compared to the same quarter last year. Analysts expect that Intuit will post $2.48 EPS for the current fiscal year.
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