H&R Block (NYSE:HRB) Raised to “Buy” at StockNews.com

H&R Block (NYSE:HRB) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday.

Separately, Barrington Research reiterated an “outperform” rating and set a $70.00 price objective on shares of H&R Block in a report on Wednesday.

H&R Block Trading Down 0.5 %

Shares of HRB opened at $54.10 on Wednesday. H&R Block has a fifty-two week low of $42.28 and a fifty-two week high of $68.45. The company has a market capitalization of $7.41 billion, a PE ratio of 13.20, a price-to-earnings-growth ratio of 0.84 and a beta of 0.69. The stock has a fifty day moving average of $54.86 and a two-hundred day moving average of $58.71. The company has a debt-to-equity ratio of 16.46, a quick ratio of 0.77 and a current ratio of 0.77.

H&R Block (NYSE:HRB) last released its earnings results on Tuesday, February 4th. The company reported ($1.73) EPS for the quarter, missing the consensus estimate of ($1.59) by ($0.14). H&R Block had a net margin of 16.19% and a negative return on equity of 212.45%. As a group, analysts forecast that H&R Block will post 5.27 EPS for the current year.

Institutional Investors Weigh In On H&R Block

A number of institutional investors have recently added to or reduced their stakes in HRB. Eastern Bank purchased a new stake in shares of H&R Block during the 3rd quarter worth about $25,000. Bogart Wealth LLC lifted its position in H&R Block by 606.1% during the third quarter. Bogart Wealth LLC now owns 466 shares of the company’s stock valued at $30,000 after buying an additional 400 shares in the last quarter. Endeavor Private Wealth Inc. purchased a new stake in H&R Block during the fourth quarter worth approximately $27,000. Spire Wealth Management acquired a new stake in shares of H&R Block in the fourth quarter worth $28,000. Finally, Darwin Wealth Management LLC purchased a new position in shares of H&R Block in the 3rd quarter valued at $34,000. Hedge funds and other institutional investors own 90.14% of the company’s stock.

H&R Block Company Profile

H&R Block, Inc engages in the provision of tax return preparation solutions, financial products and small business solutions. The company was founded by Henry W. Bloch and Richard A. Bloch on January 25, 1955, and is headquartered in Kansas City, MO.