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H&R Block (NYSE:HRB) was upgraded by equities researchers at Piper Jaffray from a “neutral” rating to a “buy” rating in a research report issued on Thursday, StockRatingsNetwork reports. The firm currently has a $36.00 price target on the stock, up from their previous price target of $11.00. Piper Jaffray’s price objective would suggest a potential upside of 21.05% from the company’s current price.

H&R Block (NYSE:HRB) traded up 0.49% on Thursday, hitting $29.885. 1,899,853 shares of the company’s stock traded hands. H&R Block has a 52-week low of $19.07 and a 52-week high of $32.09. The stock’s 50-day moving average is $28.53 and its 200-day moving average is $28.72. The company has a market cap of $8.190 billion and a price-to-earnings ratio of 19.10.

H&R Block (NYSE:HRB) last announced its earnings results on Tuesday, December 10th. The company reported ($0.42) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.37) by $0.05. The company had revenue of $134.00 million for the quarter, compared to the consensus estimate of $137.85 million. During the same quarter last year, the company posted ($0.37) earnings per share. H&R Block’s revenue was down 2.4% compared to the same quarter last year. Analysts expect that H&R Block will post $1.69 EPS for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at BTIG Research upgraded shares of H&R Block from a “neutral” rating to a “buy” rating in a research note to investors on Thursday. They now have a $36.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of H&R Block in a research note to investors on Friday, December 20th. They now have a $30.00 price target on the stock. Finally, analysts at Ned Davis Research downgraded shares of H&R Block from a “buy” rating to a “neutral” rating in a research note to investors on Monday, November 11th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. H&R Block presently has an average rating of “Buy” and a consensus price target of $31.57.

H&R Block, Inc (NYSE:HRB) has subsidiaries that provide tax preparation and banking services.

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