H & R Block Upgraded to “Buy” at TheStreet (HRB)

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TheStreet upgraded shares of H & R Block (NYSE:HRB) to a buy rating in a research note released on Friday morning.

Other equities research analysts have also recently issued reports about the stock. Analysts at Morgan Stanley reiterated an overweight rating on shares of H & R Block in a research note on Tuesday, July 1st. They now have a $38.00 price target on the stock. Finally, analysts at Oppenheimer raised their price target on shares of H & R Block from $34.00 to $36.00 in a research note on Thursday, June 12th. They now have an outperform rating on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $33.79.

H & R Block (NYSE:HRB) traded down 0.12% during mid-day trading on Friday, hitting $32.96. 204,352 shares of the company’s stock traded hands. H & R Block has a 1-year low of $25.98 and a 1-year high of $33.65. The stock has a 50-day moving average of $31.86 and a 200-day moving average of $30.02. The company has a market cap of $9.039 billion and a P/E ratio of 19.19.

H & R Block (NYSE:HRB) last released its earnings data on Wednesday, June 11th. The company reported $1.67 earnings per share for the quarter, missing the analysts’ consensus estimate of $3.23 by $1.56. The company had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter last year, the company posted $2.54 earnings per share. H & R Block’s revenue was up 16.5% compared to the same quarter last year. On average, analysts predict that H & R Block will post $1.98 earnings per share for the current fiscal year.

H&R Block, Inc (NYSE:HRB) through its subsidiaries provides tax preparation and banking services.

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