Investors Eye Intuit (INTU) Following H&R Block (HRB) Report
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Price: $60.63 +1.30%
Rating Summary:
5 Buy, 10 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
5 Buy, 10 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade INTU Now!
Shares of H&R Block, Inc. (HRB) climbed on Friday following the company's positive Q4 earnings report. Investors also had their eye on competitor Intuit (Nasdaq: INTU). Commenting developments, Deutsche Bank called the report neutral for Intuit.
"The company provided a comparison versus Intuit's results until Feb 16 (HRB's online units down 2% versus INTU's online units down 6%). We believe this comparison is neutral for INTU," said analyst Tom Ernst Jr.
"From Intuit's perspective, we think results until Feb indicate a lesser degree of relative share loss in online units to HRB than the last couple of years, which should be seen positively," added the analyst.
Deutsche Bank has a Buy rating on Intuit with a price target of $69.00.
For an analyst ratings summary and ratings history on Intuit (NASDAQ: INTU) click here. For more ratings news on Intuit click here.
Shares of Intuit closed at $67.93 yesterday, with a 52 week range of $53.38-$68.41.
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"The company provided a comparison versus Intuit's results until Feb 16 (HRB's online units down 2% versus INTU's online units down 6%). We believe this comparison is neutral for INTU," said analyst Tom Ernst Jr.
"From Intuit's perspective, we think results until Feb indicate a lesser degree of relative share loss in online units to HRB than the last couple of years, which should be seen positively," added the analyst.
Deutsche Bank has a Buy rating on Intuit with a price target of $69.00.
For an analyst ratings summary and ratings history on Intuit (NASDAQ: INTU) click here. For more ratings news on Intuit click here.
Shares of Intuit closed at $67.93 yesterday, with a 52 week range of $53.38-$68.41.
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