UBS Maintains a 'Neutral' on Intuit (INTU); Steady but Still Waiting for Reacceleration
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Price: $367.00 +1.42%
Rating Summary:
31 Buy, 12 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
31 Buy, 12 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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UBS maintains a 'Neutral' on Intuit (NASDAQ: INTU), PT increased from $53 to $57.
UBS analyst says, "INTU continues to be one of the most consistent stories in software grinding out FQ3 15% revenue growth and EPS of $2.33 – mostly inline with our expectations. Overall FY11 guidance for 11% revenue growth (vs. 11% in FY10) and 16-18% EPS growth (<100bp of OPM expansion vs. 190bp last FY) is good. But INTU needs to post better numbers to support its current 2.0x FY12 EPS multiple. We would wait until the stock pulls back before adding to positions...Slightly tweak down revs to/from: FQ4 $600/606M, FY11 3,856M/3865M (still above guidance $.3,824-3,845M), FY12 $4,234M/4,243M."
For more ratings news on Intuit click here and for the rating history of Intuit click here.
Shares of Intuit closed at $55.90 yesterday.
UBS analyst says, "INTU continues to be one of the most consistent stories in software grinding out FQ3 15% revenue growth and EPS of $2.33 – mostly inline with our expectations. Overall FY11 guidance for 11% revenue growth (vs. 11% in FY10) and 16-18% EPS growth (<100bp of OPM expansion vs. 190bp last FY) is good. But INTU needs to post better numbers to support its current 2.0x FY12 EPS multiple. We would wait until the stock pulls back before adding to positions...Slightly tweak down revs to/from: FQ4 $600/606M, FY11 3,856M/3865M (still above guidance $.3,824-3,845M), FY12 $4,234M/4,243M."
For more ratings news on Intuit click here and for the rating history of Intuit click here.
Shares of Intuit closed at $55.90 yesterday.
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