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JTH Holding (NYSE:TAX) was upgraded by analysts at TheStreet from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

The analysts wrote, “JTH (TAX) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, good cash flow from operations, compelling growth in net income and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.”

JTH Holding (NYSE:TAX) traded down 0.33% on Tuesday, hitting $27.56. 4,578 shares of the company’s stock traded hands. JTH Holding has a 1-year low of $15.90 and a 1-year high of $28.20. The stock has a 50-day moving average of $27.36 and a 200-day moving average of $26.2. The company has a market cap of $387.3 million and a price-to-earnings ratio of 22.57.

JTH Holding, Inc (NYSE:TAX) is a holding company engaged through its subsidiaries as a franchisor and operator of a system of income tax preparation offices located in the United States and Canada.

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