Stock Update: Intuit Inc (NASDAQ:INTU) – New TurboTax Ads Playfully Erase Consumers’ Self Doubt When Doing Their Own Taxes

[Business Wire] – TurboTax®, the nation’s leading online tax preparation service from Intuit Inc. , today announced the launch of 7 new 30-second television spots and its return to America’s biggest football game. Read more on this. Intuit Inc. (INTU) , currently valued at $25.58B, opened this morning at $97.83. Today, shares have traded between $96.71 and $98.33 per share with a trailing 52-week range being $79.63 to $109.21. Intuit (INTU) shares are currently priced at 28.22x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 12.56x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $1.20 per share annually in dividends, yielding 1.22%. Consensus earnings for the current quarter by the 17 sell-side analysts covering the stock is an estimate of $0.19 per share, which would be $0.19 worse than the year-ago quarter and a $0.15 sequential increase. Investors should also note that the full-year EPS estimate of $3.48 is a $0.89 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $893.48 Million. If realized, that would be a 10.58% increase over the year-ago quarter. Recently, First Analysis Sec downgraded INTU from Equal-Weight to Underweight (Aug 21, 2015). Previously, Deutsche Bank upgraded INTU from Hold to Buy. With the above information in mind, readers should note that the average price target is $103.64, which is 5.94% above where the stock opened this morning. See more in (NASDAQ:INTU) Similar Articles: Stock Update: Intuit Inc (NASDAQ:INTU) – Intuit Reaches Highest Level Since Q4 Miss Stock Update: Intuit Inc (NASDAQ:INTU) – Intuit and Fundbox Partner to Tackle #1 Pain Point Faced by Small Businesses: Cash Flow Market Update: Intuit Inc (NASDAQ:INTU) – Intuit Launches Product to Help Companies Optimize On-Demand Workforces