H&R Block, Inc. (NYSE:HRB)‘s stock had its “market perform” rating reissued by equities researchers at BMO Capital Markets in a report released on Thursday. They currently have a $31.00 target price on the stock. BMO Capital Markets’ price objective would suggest a potential upside of 15.93% from the company’s current price.

HRB has been the topic of a number of other research reports. BTIG Research reiterated a “sell” rating and issued a $19.00 price target on shares of H&R Block in a research note on Tuesday. Morgan Stanley upped their price target on shares of H&R Block from $24.00 to $27.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 14th. Credit Suisse Group reiterated a “neutral” rating and issued a $29.00 price target (up previously from $27.00) on shares of H&R Block in a research note on Wednesday, June 14th. Zacks Investment Research lowered shares of H&R Block from a “buy” rating to a “hold” rating in a research note on Monday, May 29th. Finally, BidaskClub lowered shares of H&R Block from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $27.75.

H&R Block (HRB) traded down 0.26% during midday trading on Thursday, reaching $26.74. 6,106,333 shares of the company’s stock were exchanged. The company has a market cap of $5.56 billion, a price-to-earnings ratio of 14.10 and a beta of 0.54. H&R Block has a 52 week low of $19.85 and a 52 week high of $31.80. The firm has a 50-day moving average price of $30.50 and a 200 day moving average price of $26.30.

H&R Block (NYSE:HRB) last released its quarterly earnings data on Tuesday, August 29th. The company reported ($0.62) earnings per share for the quarter, hitting the consensus estimate of ($0.62). The company had revenue of $138 million for the quarter, compared to analyst estimates of $129.33 million. H&R Block had a net margin of 13.47% and a negative return on equity of 104.14%. H&R Block’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.56) EPS. Analysts anticipate that H&R Block will post $1.97 EPS for the current year.

TRADEMARK VIOLATION NOTICE: This news story was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this news story on another publication, it was illegally stolen and republished in violation of United States & international copyright & trademark law. The correct version of this news story can be viewed at https://www.thecerbatgem.com/2017/08/31/hr-blocks-hrb-market-perform-rating-reiterated-at-bmo-capital-markets.html.

In other H&R Block news, SVP Kathryn M. Collins sold 2,931 shares of the business’s stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $30.35, for a total value of $88,955.85. Following the completion of the sale, the senior vice president now owns 17,372 shares of the company’s stock, valued at approximately $527,240.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider William C. Cobb sold 750,000 shares of the business’s stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $30.40, for a total transaction of $22,800,000.00. Following the completion of the sale, the insider now directly owns 1,301,458 shares of the company’s stock, valued at approximately $39,564,323.20. The disclosure for this sale can be found here. Insiders sold a total of 1,473,471 shares of company stock valued at $45,309,203 in the last three months. Insiders own 0.63% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the stock. Lord Abbett & CO. LLC increased its stake in H&R Block by 838.9% in the second quarter. Lord Abbett & CO. LLC now owns 1,459,100 shares of the company’s stock worth $45,101,000 after buying an additional 1,303,700 shares in the last quarter. Toronto Dominion Bank increased its stake in H&R Block by 25.3% in the second quarter. Toronto Dominion Bank now owns 70,179 shares of the company’s stock worth $2,169,000 after buying an additional 14,154 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in H&R Block during the second quarter worth about $1,299,000. Koch Industries Inc. acquired a new stake in H&R Block during the second quarter worth about $349,000. Finally, Piedmont Investment Advisors LLC acquired a new stake in H&R Block during the second quarter worth about $2,706,000. 90.28% of the stock is owned by hedge funds and other institutional investors.

H&R Block Company Profile

H&R Block, Inc (H&R Block), through its subsidiaries, provides tax preparation and other services. The Company provides assisted income tax return preparation, digital do-it-yourself (DIY) tax solutions and other services and products related to income tax return preparation to the general public primarily in the United States, Canada, Australia and their respective territories.

Analyst Recommendations for H&R Block (NYSE:HRB)

Receive News & Stock Ratings for H&R Block Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for H&R Block Inc. and related stocks with our FREE daily email newsletter.