Intuit (INTU) Gets a Buy Rating from Oppenheimer

In a report released today, Scott Schneeberger from Oppenheimer assigned a Buy rating to Intuit (INTUResearch Report), with a price target of $441.00. The company’s shares closed last Thursday at $406.78, close to its 52-week high of $423.74.

According to TipRanks.com, Schneeberger is a 5-star analyst with an average return of 13.3% and a 66.9% success rate. Schneeberger covers the Services sector, focusing on stocks such as Service International, Target Hospitality, and Stericycle.

Currently, the analyst consensus on Intuit is a Strong Buy with an average price target of $453.29, implying an 11.3% upside from current levels. In a report issued on April 8, Merrill Lynch also initiated coverage with a Buy rating on the stock with a $460.00 price target.

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Intuit’s market cap is currently $112B and has a P/E ratio of 60.90. The company has a Price to Book ratio of -966.34.

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Incorporated in 1983, California-based Intuit, Inc., a software company, provides financial management solutions and compliance products and services for small businesses, accountants, and individuals. It operates through the following segments: Small Business and Self-Employed Group; Consumer Group; ProConnect Group and Credit Karma.