In a report released today, Alexander Paris from Barrington maintained a Buy rating on H&R Block (HRB), with a price target of $32. The company’s shares closed last Monday at $27.16.
Paris wrote:
“We continue to expect a return to growth in revenues and margin expansion in FY/20 – both were lower in FY/19. Our estimates call for fiscal 2020 revenue of $3.173 billion (+2.5% YOY), adjusted EBITDA of $801.0 million (+0.3% YOY) and adjusted EPS of $1.96. The FactSet consensus calls for revenue of $3.162 billion (+2.1% YOY), adjusted EBITDA of $807.0 million and adjusted EPS of $1.98 (-7.9% YOY) – eight estimates ranging from a low of $1.94 to a high of $2.07.”
According to TipRanks.com, Paris is a 1-star analyst with an average return of -0.5% and a 43.8% success rate. Paris covers the Services sector, focusing on stocks such as Adtalem Global Education Inc, American Public Education, and Strategic Education Inc.
Currently, the analyst consensus on H&R Block is a Hold with an average price target of $26.75.
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The company has a one-year high of $29.62 and a one-year low of $22.96. Currently, H&R Block has an average volume of 2.72M.
Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HRB in relation to earlier this year.
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H&R Block, Inc. engages in the provision of tax preparation and other services. It offers assisted and do-it-yourself tax return preparation solutions through multiple channels and distribute the H&R block-branded financial products and services, including those of its financial partners, to the general public primarily in the United States, Canada, and Australia. The company was founded by Henry W. Bloch and Richard A. Bloch on January 25, 1955 and is headquartered in Kansas City, MO.
