H & R Block Stock Rating Reaffirmed by Credit Suisse (HRB)
H & R Block (NYSE:HRB)‘s stock had its “outperform” rating restated by analysts at Credit Suisse in a research report issued to clients and investors on Monday. They currently have a $40.00 price objective on the stock, up from their previous price objective of $37.00. Credit Suisse’s target price would suggest a potential upside of 22.36% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at TheStreet upgraded shares of H & R Block to a “buy” rating in a research note on Friday, July 11th. Separately, 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 Morgan Stanley reiterated an “overweight” rating on shares of H & R Block in a research note on Monday, June 16th. They now have a $38.00 price target on the stock, up previously from $35.00. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $34.89.
H & R Block (NYSE:HRB) traded up 1.30% on Monday, hitting $33.1134. 588,845 shares of the company’s stock traded hands. H & R Block has a 52-week low of $25.98 and a 52-week high of $33.65. The stock’s 50-day moving average is $32.64 and its 200-day moving average is $30.45. The company has a market cap of $9.081 billion and a price-to-earnings ratio of 19.01.
H & R Block (NYSE:HRB) last issued its quarterly earnings data 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 $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.
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.