J.P. Morgan Reiterates a Hold Rating on IntuitBy Jason Carr
According to TipRanks.com, Auty is a 5-star analyst with an average return of 15.4% and a 64.3% success rate. Auty covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, CSG Systems International, and Synchronoss Technologies.
Currently, the analyst consensus on Intuit is Moderate Buy and the average price target is $120.82, representing a 9.0% upside.
In a report released yesterday, Evercore ISI also initiated coverage with a Hold rating on the stock.
Intuit’s market cap is currently $28.59B and has a P/E ratio of 35.84. The company has a book value ratio of 24.6215.
Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is negative on the stock. Most recently, in June 2016, Johnson Suzanne Nora, a Director at INTU sold 30,000 shares for a total of $3,156,900.
Intuit, Inc. engages in the provision of business and financial management solutions. It operates through the following segments: Small Business, Consumer Tax, and ProConnect. The Small Business segment targets small businesses and the accounting professionals. It offers QuickBooks financial and business management online services and desktop software; payroll solutions; and payment processing services. The Consumer Tax segment includes TurboTax income tax preparation products and services. The ProConnect segment provides professional tax offerings, which include Lacerte, ProSeries, ProFile, and ProConnect Tax Online among professional accountants in the U.S. and Canada. The company was founded by Scott D. Cook and Thomas A. Proulx in 1983 and is headquartered in Mountain View, CA.