Zacks Investment Research | Jul 02, 2017 09:20PM ET
A successful portfolio manager is aware of the fact that adding well-performing stocks at the right time is of vital importance. Indicators of a stock’s bullish run include a rise in share price and strong fundamentals.
One such stock that investors need to pick up right now is Intuit Inc. (NASDAQ:INTU) . Though there are a few concerns, these are short lived and the stock has the potential to perform well over the long run.
Let’s delve deeper into the factors that make this stock an attractive investment option.
What Makes Intuit an Attractive Pick?
Solid Rank & VGM Score: Intuit currently has a Zacks Rank #2 (Buy) and a Value Growth Momentum Score (VGM Score ) of ‘B’. Our research shows that stocks with a VGM Score of ‘A’ or ‘B’ combined with a Zacks Rank #1 (Strong Buy) or #2, offer the best investment opportunities for investors. Thus, the company appears to be a compelling investment proposition at the moment.
Upward Estimate Revision: Estimates for the current fiscal as well as fiscal 2018 moved north over the past 60 days, reflecting analysts’ confidence on Intuit. Over this period, the Zacks Consensus Estimate for fiscal 2017 increased around 2.9% to $3.54. The Zacks Consensus Estimate for fiscal 2018 also moved up 2.3% over the same timeframe to $3.99.
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