H&R Block (HRB) Receives a Hold from Oppenheimer

In a report released today, Scott Schneeberger from Oppenheimer maintained a Hold rating on H&R Block (HRB). The company’s shares closed last Wednesday at $14.60.

According to TipRanks.com, Schneeberger is a 4-star analyst with an average return of 5.4% and a 57.0% success rate. Schneeberger covers the Services sector, focusing on stocks such as Fleetcor Technologies, Service International, and Target Hospitality.

The word on The Street in general, suggests a Hold analyst consensus rating for H&R Block with a $17.20 average price target, which is a 12.1% upside from current levels. In a report issued on June 17, Morgan Stanley also maintained a Hold rating on the stock with a $16.00 price target.

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Based on H&R Block’s latest earnings release for the quarter ending April 30, the company reported a quarterly revenue of $1.81 billion and net profit of $460 million. In comparison, last year the company earned revenue of $2.33 billion and had a net profit of $878 million.

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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.

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