H&R Block Price Target Raised to $37.00 at Barrington Research (HRB)
Equities researchers at Barrington Research hoisted their price target on shares of H&R Block (NYSE:HRB) from $35.00 to $37.00 in a research report issued to clients and investors on Thursday. Barrington Research’s price target suggests a potential upside of 15.09% from the stock’s previous close.
A number of other firms have also recently commented on HRB. Analysts at Morgan Stanley reiterated an “overweight” rating on shares of H&R Block in a research note on Tuesday, April 15th. They now have a $35.00 price target on the stock. Analysts at Zacks downgraded shares of H&R Block from a “neutral” rating to an “underperform” rating in a research note on Wednesday, April 2nd. They now have a $28.00 price target on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company’s stock. H&R Block presently has a consensus rating of “Buy” and an average price target of $33.46.
Shares of H&R Block (NYSE:HRB) traded up 2.02% on Thursday, hitting $32.595. The stock had a trading volume of 1,704,138 shares. H&R Block has a 1-year low of $25.98 and a 1-year high of $32.50. The stock’s 50-day moving average is $28.87 and its 200-day moving average is $29.32. The company has a market cap of $8.938 billion and a P/E ratio of 38.54. H&R Block also was the recipient of a large decline in short interest in May. As of May 15th, there was short interest totalling 3,224,379 shares, a decline of 34.8% from the April 30th total of 4,944,204 shares. Based on an average daily volume of 2,447,809 shares, the short-interest ratio is currently 1.3 days. Currently, 1.2% of the shares of the stock are short sold.
H&R Block (NYSE:HRB) last announced its earnings results on Wednesday, June 11th. The company reported $1.67 earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted $2.54 earnings per share. The company’s revenue for the quarter was up 16.5% on a year-over-year basis. On average, analysts predict that H&R Block will post $2.00 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 1st. Stockholders of record on Monday, June 16th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date of this dividend is Thursday, June 12th.
H&R Block, Inc (NYSE:HRB) has subsidiaries that provide tax preparation and banking services.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.