H & R Block Stock Rating Upgraded by TheStreet (HRB)

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H & R Block (NYSE:HRB) was upgraded by analysts at TheStreet to a “buy” rating in a research report issued to clients and investors on Friday.

H & R Block (NYSE:HRB) traded down 0.09% on Friday, hitting $32.82. 178,344 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 $31.97 and its 200-day moving average is $30.06. The company has a market cap of $9.001 billion and a P/E ratio of 19.10.

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.

Other equities research analysts have also recently issued reports about the stock. 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 Oppenheimer raised their price target on shares of H & R Block from $34.00 to $36.00 in a research note on Thursday, June 12th. They now have an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company. H & R Block currently has a consensus rating of “Buy” and an average target price of $33.79.

H&R Block, Inc (NYSE:HRB) through its subsidiaries provides tax preparation and banking services.

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