Oppenheimer Releases a Hold Rating on H&R Block (HRB)

In a report released today, Scott Schneeberger from Oppenheimer assigned a Hold rating to H&R Block (HRB). The company’s shares closed last Tuesday at $19.76, close to its 52-week high of $20.98.

According to TipRanks.com, Schneeberger is a 5-star analyst with an average return of 11.3% and a 63.6% success rate. Schneeberger covers the Services sector, focusing on stocks such as Service International, Stericycle, and Cintas.

Currently, the analyst consensus on H&R Block is a Moderate Buy with an average price target of $20.00, which is a -0.6% downside from current levels. In a report issued on February 25, Morgan Stanley also maintained a Hold rating on the stock with a $18.00 price target.

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The company has a one-year high of $20.98 and a one-year low of $11.29. Currently, H&R Block has an average volume of 2.9M.

Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HRB in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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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