Why Intuit Inc. (NASDAQ:INTU) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $110.47 on Intuit Inc. (NASDAQ:INTU) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $3.68 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Intuit Inc. (NASDAQ:INTU) stands at 29.49.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Intuit Inc., the PEG ratio for coming 3-5 years is 1.52.

Technical Analysis

The technical analysis highlights that Intuit Inc. current is trading $0.96 points away or +0.86% from its 50-day moving average of $111.92. Further it is trading $9.03 or +8.69% away its 200-day moving average of $103.85.

The 52-week high of Intuit Inc. (NASDAQ:INTU) was $116.97 while lowest point recorded in 52-week was $79.63. It implies if stock price makes a movement of over $-4.09, it will record a new 52-week high. In the case of +41.76% drop, it will touch a new 52-week low.

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