Oppenheimer Lowers Price Target on Intuit (INTU)

By admin | 6 years ago

Research analysts at Oppenheimer (NYSE: OPY) cut their target price on shares of Intuit (NASDAQ: INTU) to $63.00 in a report released on Friday. The firm currently has an “outperform” rating on the stock.

Intuit traded up 0.35% on Friday, hitting $54.70. Intuit has a 52-week low of $39.87 and a 52-week high of $62.33. The company has a market cap of $16.136 billion and a price-to-earnings ratio of 22.81.

Intuit last posted its quarterly earnings results on Thursday, May 17th. The company reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.48 by $0.03. The company’s quarterly revenue was up 5.2% on a year-over-year basis. On average, analysts predict that Intuit will post $-0.08 earnings per share next quarter.

INTU has been the subject of a number of other recent research reports. Analysts at Deutsche Bank (NYSE: DB) cut their price target on shares of Intuit from $72.00 to $68.00 in a research note to investors on Monday, April 23rd. They now have a “buy” rating on the stock. Separately, analysts at JPMorgan Chase (NYSE: JPM) cut their price target on shares of Intuit from $63.00 to $61.00 in a research note to investors on Friday, April 20th. They now have an “overweight” rating on the stock. Finally, analysts at Jefferies Group (NYSE: JEF) cut their price target on shares of Intuit from $58.00 to $55.00 in a research note to investors on Friday, April 13rd.

Intuit Inc. (Intuit) is a provider of business and financial management solutions for small and medium-sized businesses, consumers, accounting professionals and financial institutions.

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