BMO Capital Markets Reaffirms “Market Perform” Rating for H&R Block (HRB)
H&R Block (NYSE:HRB)‘s stock had its “market perform” rating restated by equities researchers at BMO Capital Markets in a research note issued on Thursday, The Fly reports. They currently have a $30.00 price target on the stock. BMO Capital Markets’ price target suggests a potential upside of 3.48% from the company’s previous close.
A number of other equities analysts also recently issued reports on the stock. BidaskClub upgraded shares of H&R Block from a “hold” rating to a “buy” rating in a research note on Wednesday, August 16th. BTIG Research reiterated a “sell” rating and set a $19.00 price objective on shares of H&R Block in a research note on Tuesday, August 29th. Credit Suisse Group reiterated a “neutral” rating and set a $30.00 price objective (up from $29.00) on shares of H&R Block in a research note on Wednesday, August 30th. Northcoast Research reiterated a “neutral” rating on shares of H&R Block in a research note on Wednesday, August 30th. Finally, Zacks Investment Research downgraded shares of H&R Block from a “hold” rating to a “sell” rating in a research note on Thursday, August 31st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $27.17.
Shares of H&R Block (HRB) traded up $2.70 during mid-day trading on Thursday, reaching $28.99. 6,813,600 shares of the company’s stock were exchanged, compared to its average volume of 3,068,467. The company has a debt-to-equity ratio of -6.97, a current ratio of 1.48 and a quick ratio of 1.48. The company has a market cap of $5,496.19, a P/E ratio of 13.28, a P/E/G ratio of 1.21 and a beta of 0.56. H&R Block has a twelve month low of $19.85 and a twelve month high of $31.80.
Large investors have recently bought and sold shares of the stock. Pinebridge Investments L.P. purchased a new stake in H&R Block during the second quarter valued at approximately $114,000. Victory Capital Management Inc. lifted its position in H&R Block by 7.9% during the second quarter. Victory Capital Management Inc. now owns 4,064 shares of the company’s stock valued at $126,000 after acquiring an additional 296 shares during the last quarter. Profund Advisors LLC purchased a new stake in H&R Block during the second quarter valued at approximately $215,000. Zweig DiMenna Associates LLC purchased a new stake in H&R Block during the second quarter valued at approximately $216,000. Finally, Sheaff Brock Investment Advisors LLC purchased a new stake in H&R Block during the second quarter valued at approximately $217,000. 95.21% of the stock is owned by institutional investors.
H&R Block Company Profile
H&R Block, Inc (H&R Block), through its subsidiaries, provides tax preparation and other services. The Company provides assisted income tax return preparation, digital do-it-yourself (DIY) tax solutions and other services and products related to income tax return preparation to the general public primarily in the United States, Canada, Australia and their respective territories.
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