Analyst Rating Update on Intuit (INTU)

Intuit (NASDAQ:INTU) : The consensus on Intuit (NASDAQ:INTU) based on 14 analyst recommendation on the company stock is 2.29, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 6 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 7 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

Intuit (NASDAQ:INTU) : 8 Wall Street analysts covering Intuit (NASDAQ:INTU) believe that the average level the stock could reach for the short term is $114.75. The maximum price target given is $134 and the minimum target for short term is around $93, hence the standard deviation is calculated at $13.87.

Company shares have received an average consensus rating of Hold for the current week Also, Equity Analysts at the Goldman Sachs maintains the rating on Intuit (NASDAQ:INTU). The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency raises the price target from $117 per share to $123 per share. The rating by the firm was issued on June 23, 2016.

Intuit (NASDAQ:INTU): stock turned positive on Tuesday. Though the stock opened at $105.2, the bulls momentum made the stock top out at $106.06 level for the day. The stock recorded a low of $104.73 and closed the trading day at $105.99, in the green by 1.74%. The total traded volume for the day was 1,643,632. The stock had closed at $104.18 in the previous days trading.

In an insider trading activity, The Securities and Exchange Commission has divulged that Fennell Laura A, officer (EVP, Gen. Counsel & Corp Sec.) of Intuit Inc, had unloaded 10,056 shares at an average price of $107.31 in a transaction dated on June 20, 2016. The total value of the transaction was worth $1,079,109.

Intuit Inc. is a provider of business and financial management solutions for small businesses, consumers and accounting professionals. The Company operates through three segments: Small Business, Consumer Tax and Professional Tax. The Company operates in the United States, Canada, India, the United Kingdom, Singapore and Australia, among others. The Companys Small Business segment solutions include QuickBooks Online, Online Payroll solutions, Online Payments solutions and Intuit Developer Group. The Companys Small Business Desktop Ecosystem solutions include QuickBooks, Desktop Payroll Solutions, Desktop Payments solutions, QuickBooks Technical Support and financial supplies. The Consumer Tax segment offers tax return preparation offerings, electronic filing and other services, and Intuit Tax Freedom Project. The Companys professional tax offerings include Lacerte and ProSeries.

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