UBS Maintains a 'Buy' on Intuit (INTU); Good Start to Tax Season
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Price: $625.00 -1.65%
Rating Summary:
31 Buy, 5 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 9
Rating Summary:
31 Buy, 5 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 9
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UBS maintains a 'Buy' on Intuit (NASDAQ: INTU) price target raised from $60 to $65.
UBS analyst says, "INTU is enjoying the stable U.S. economic environment and delivering a predictable stream of small earnings beats. FQ1 rev $1,019M (+16% y/y) & EPS $0.51 beat UBSe $1,010M & $0.46. FY12 rev guide was reiterated, which we think is conservative yet reasonable given biggest tax qtr is still ahead, but could be raised next qtr. FY12 EPS guide mid-pt was raised 4 cents, implying 17% y/y growth. We raised our estimates 5 cents to $2.95, but could finish at $3.00, driving 1.9% earnings growth, or 22% if one excludes R&D tax credit benefit from FY11 base." (UBS raises FY13 from $3.30 to $3.36)
For an analyst ratings summary and ratings history on Intuit click here. For more ratings news on Intuit click here.
Shares of Intuit closed at $57.52 yesterday.
UBS analyst says, "INTU is enjoying the stable U.S. economic environment and delivering a predictable stream of small earnings beats. FQ1 rev $1,019M (+16% y/y) & EPS $0.51 beat UBSe $1,010M & $0.46. FY12 rev guide was reiterated, which we think is conservative yet reasonable given biggest tax qtr is still ahead, but could be raised next qtr. FY12 EPS guide mid-pt was raised 4 cents, implying 17% y/y growth. We raised our estimates 5 cents to $2.95, but could finish at $3.00, driving 1.9% earnings growth, or 22% if one excludes R&D tax credit benefit from FY11 base." (UBS raises FY13 from $3.30 to $3.36)
For an analyst ratings summary and ratings history on Intuit click here. For more ratings news on Intuit click here.
Shares of Intuit closed at $57.52 yesterday.
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