BMO Capital Markets has recently reiterated Intuit Inc (INTU) stock to Outperform rating, as announced on August 23, 2024, according to Finviz. Earlier, on August 14, 2024, Morgan Stanley had reduced the stock rating, setting a price target of $685 for INTU stock. RBC Capital Mkts also initiated Outperform rating with a price target of $760. Additionally, Jefferies reiterated Buy rating on June 13, 2024, with a target price of $770. Susquehanna analysts, in their report published on December 15, 2023, also initiated Positive rating and set a price target of $700 for Intuit Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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Intuit Inc (INTU) Stock Trading Recap
On Tuesday, Intuit Inc (INTU) stock saw a decline, ending the day at $606.28 which represents a decrease of $-14.72 or -2.37% from the prior close of $621. The stock opened at $618.02 and touched a low of $603.85 during the day, reaching a high of $618.6. The volume of shares traded was 1.86 million exceeding the average volume of 1.29 million.
INTU Stock Performance and Moving Averages
In recent trading, Intuit Inc (INTU) stock price has shown some volatility, fluctuating -5.00% over the last five trades and -3.80% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -3.24%, and it has plunged by -7.61% in the previous three months. Currently, INTU is trading at -4.57%, -4.51%, and -3.99% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, INTU, a Technology sector stock, is trading -10.40% below its 52-week high but remains 28.03% above its 52-week low. The Average True Range (ATR) (14 days) of 14.74 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Intuit Inc’s Profitability and Valuation Ratios
Intuit Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 23.66% and a profit margin of 18.19%, with a gross margin of -3.24%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Intuit Inc’s market capitalization stands at $169.93 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 58.1, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 27.29. Additionally, the Price-to-Sales Ratio is 10.44, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 9.22, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 2.49% of Intuit Inc (INTU)’s shares, while financial institutions hold 85.28%.
Notable insider trades include FENNELL LAURA A, EVP, People and Places at Intuit Inc (INTU), who sold 30159 shares on Sep 20 ’24, at $642.36 each, totaling $19.37 million. On Sep 17 ’24, COOK SCOTT D, Founder, sold 75000 shares for $646.09 each, amounting to $48.46 million. Additionally, on Sep 18 ’24, COOK SCOTT D sold 2461 shares at $637.19 each, generating $1.57 million.
