H & R Block (HRB) Raised to Buy at ValuEngine

H & R Block (NYSE:HRB) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Wednesday, January 10th.

Other research analysts have also recently issued reports about the stock. BMO Capital Markets reiterated a “hold” rating and issued a $27.00 target price on shares of H & R Block in a research note on Friday, October 13th. Zacks Investment Research cut shares of H & R Block from a “hold” rating to a “sell” rating in a research note on Friday, December 8th. Finally, Oppenheimer restated a “hold” rating on shares of H & R Block in a research note on Thursday, December 7th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $27.60.

H & R Block (HRB) traded down $0.15 during trading on Wednesday, reaching $26.48. 1,930,000 shares of the company traded hands, compared to its average volume of 3,030,000. H & R Block has a 1-year low of $19.85 and a 1-year high of $31.80. The stock has a market capitalization of $5,540.00, a PE ratio of 14.01, a PEG ratio of 1.23 and a beta of 0.56. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of -3.62.

H & R Block (NYSE:HRB) last released its quarterly earnings results on Wednesday, December 6th. The company reported ($0.71) earnings per share for the quarter, topping the consensus estimate of ($0.72) by $0.01. H & R Block had a net margin of 12.90% and a negative return on equity of 110.06%. The business had revenue of $140.85 million for the quarter, compared to analysts’ expectations of $131.24 million. During the same period in the previous year, the company earned ($0.67) earnings per share. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. equities analysts predict that H & R Block will post 1.95 EPS for the current fiscal year.

Several large investors have recently modified their holdings of HRB. APG Asset Management N.V. increased its holdings in shares of H & R Block by 70.5% in the 3rd quarter. APG Asset Management N.V. now owns 4,066,049 shares of the company’s stock worth $107,669,000 after buying an additional 1,681,474 shares during the last quarter. Lord Abbett & CO. LLC grew its holdings in shares of H & R Block by 838.9% during the 2nd quarter. Lord Abbett & CO. LLC now owns 1,459,100 shares of the company’s stock valued at $45,101,000 after purchasing an additional 1,303,700 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of H & R Block by 94.4% during the 3rd quarter. American Century Companies Inc. now owns 2,316,675 shares of the company’s stock valued at $61,346,000 after purchasing an additional 1,124,910 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of H & R Block by 217.3% during the 3rd quarter. Wells Fargo & Company MN now owns 1,374,306 shares of the company’s stock valued at $36,392,000 after purchasing an additional 941,182 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ grew its holdings in shares of H & R Block by 422.6% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 1,128,405 shares of the company’s stock valued at $29,880,000 after purchasing an additional 912,500 shares during the last quarter. 95.24% of the stock is currently owned by hedge funds and other institutional investors.

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About H & R Block

H&R Block, Inc (H&R Block), through its subsidiaries, provides tax preparation and other services. The Company provides assisted income tax return preparation, digital do-it-yourself (DIY) tax solutions and other services and products related to income tax return preparation to the general public primarily in the United States, Canada, Australia and their respective territories.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for H & R Block (NYSE:HRB)

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