Share on StockTwits

H & R Block (NYSE:HRB)’s share price hit a new 52-week high during trading on Wednesday , Stock Ratings Network.com reports. The company traded as high as $33.75 and last traded at $33.61, with a volume of 632,432 shares. The stock had previously closed at $33.47.

A number of analysts have recently weighed in on HRB shares. Analysts at Credit Suisse reiterated an “outperform” rating on shares of H & R Block in a research note on Monday, August 11th. They now have a $40.00 price target on the stock, up previously from $37.00. Separately, analysts at TheStreet upgraded shares of H & R Block to a “buy” rating in a research note on Friday, July 11th. Finally, 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. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $34.89.

The stock’s 50-day moving average is $32.64 and its 200-day moving average is $30.67. The company has a market cap of $9.220 billion and a P/E ratio of 19.46.

H & R Block (NYSE:HRB) last released its earnings data on Wednesday, June 11th. The company reported $1.67 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $2.54 earnings per share. The company’s quarterly revenue was up 16.5% on a year-over-year basis. Analysts expect that H & R Block will post $1.98 EPS 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.