You should consider shares of Levi Strauss & Co. (NYSE:LEVI) and Intuit Inc. (NASDAQ:INTU) if you are looking for a great stocks to invest in. Starting with the LEVI shares, which traded at $16.89 at the close of the recent session, gaining 1.50%. On Tuesday, the company’s shares shed $0.25 from its value which represented in intraday trading. LEVI’s intraday high was $17.00 while its lowest price touched $16.38. The stock’s 52-week high price is $24.50, which means the current price is at -31.06%. In terms of trading activity, the daily trading volume rose to 1338696 against 200-day average trading volume.
What are analyst forecasts for Levi Strauss & Co. (NYSE:LEVI)?
At a consensus rating of 4.71, LEVI is trending as a streaking Strong Buy, as it has been the case a month ago when 7 analysts called it a Strong Buy. Two months ago, 6 analysts recommended, on average, that LEVI stock is a Strong Buy. The Consumer Goods company’s shares’ overall bullish trend saw it close higher on Tuesday compared to its opening price of $16.55 on the day.
Forecasts for Levi Strauss & Co. (NYSE:LEVI) give the stock a fair value for the growth of 28.13% from its last price. The 12-month price forecast for the stock by analysts puts the stock’s mean price target at $23.50, which means the price per share could rise by nearly $6.61. The price range target is between a low of $18.00 and a high of $28.00. The stock would need to gain by about $39.68 to hit the estimated high or 0.95% from its 12-month low.
The consensus among 8 analysts is that it is a good time for one to Overweight in the Levi Strauss & Co. 6 analysts rate LEVI as a Buy, with 1 of 8 analysts rate it as a Sell. 0 have valued the stock as Overweight and 1 have recommended that investors Hold.
Levi Strauss & Co. (NYSE:LEVI) Upgrades and Downgrades
In terms of rating changes, Macquarie on October 22, 2019, Initiated Levi Strauss & Co. (LEVI) at Outperform. Analysts at BofA/Merrill have assigned a Buy rating for the stock in their research note on October 09, 2019 with an estimated price target of $22. Moreover, BofA/Merrill analysts issued a rating of Buy for the stock on August 15, 2019, giving it a price target of $20 for the next 12 months. On July 17, 2019, the stock earned a Sell rating due to an analyst call from Goldman, while analysts from Telsey Advisory Group on April 15, 2019 suggested that the stock is Outperform.
Intuit Inc. (NASDAQ:INTU) adds -$2.87 on Tuesday
The INTU stock has risen 28.87% year-to-date and is currently trading at $253.68, which is -14.23% below its 52-week high. The company shares lost -1.12% on the day and have risen nearly 38.92% off a low hit. At current levels, Intuit Inc. has a valuation of about $6.93B. As of 12/03/19, this stock has fallen -1.32% during the week and closed at $256.55 in the previous session. However, recent Intuit Inc. stock performance shows that INTU shares are -1.09% down over the last month, and -11.40% down for the last three months.
Earnings per share (EPS) estimates for the current quarter are $0.86, with the trailing 12-month share earnings at $5.98. The ratio is expected to be up by 12.10% for the current year 2019 and 12.80% for next year. Over the next 5-year period, earnings per share will be 11.01%. But will the INTU stock surprise in the current quarter results, where the $0.41 actual EPS reported on 10/30/2019 surprised by 64.00% or was higher by $0.16 from the estimated $0.25.
Sales Growth to climb 10.50% for the year
How well will Intuit Inc. perform as a business over the current quarter, year and next 5-year period? Compared to the year-ago quarter, analysts forecast the company to bring in between $1.67B and $1.7B in current quarter sales. The consensus estimated for the current quarter is $1.68B from sales. Forecasts for this fiscal year are between $7.49B and $7.58B and the consensus estimate for sales is at $7.52B.
Who owns shares in Intuit Inc. (INTU)?
Let’s briefly focus on the share ownership of the Intuit Inc. (NASDAQ:INTU) stock, where we find that 90.05% of shares are held by institutions. Price (T.Rowe) Associates Inc tops the list of institutional owners as it is holding 22.15 million shares or 8.51% of shares outstanding. Blackrock Inc. and Vanguard Group, Inc. (The) held 21.44 million and 19.93 million representing 8.24% and 7.66% respectively at the close of the last trading session. As of Sep 29, 2019, State Street Corporation accounted for 11.16 million shares at over 2.97 billion. This represented 4.29% of shares outstanding. FMR, LLC held 9.97 million shares at over 2.65 billion representing 3.83% of shares outstanding.
INTU Insider Activity
Insider activity can also give a signal in terms of price direction. Looking at Intuit Inc. (INTU), a total of 912032 shares have been sold by insiders over the last 6 months while 1034072 shares were added in the same time span. On 11/25/2019, Executive Chairman by the name Smith Brad D sold 122548.0 shares worth $31.5 million at the price of $257.00 per share. Filings also show that Smith Brad D bought a total of 227450.0 shares on 11/25/2019 valued at $18.8 million. Since the last insider activity, the company’s share price has dropped -0.20%.