H & R Block (NYSE:HRB) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a report released on Wednesday.

HRB has been the subject of a number of other research reports. Morgan Stanley lowered their target price on shares of H & R Block from $27.00 to $26.00 and set a “hold” rating for the company in a research note on Wednesday, August 29th. Zacks Investment Research downgraded shares of H & R Block from a “buy” rating to a “hold” rating in a research note on Friday, August 31st. BTIG Research reissued a “sell” rating and set a $19.00 target price on shares of H & R Block in a research note on Thursday, June 21st. Finally, Barrington Research reissued a “buy” rating and set a $27.00 target price on shares of H & R Block in a research note on Thursday, August 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $25.67.

Shares of NYSE HRB opened at $26.05 on Wednesday. H & R Block has a twelve month low of $22.45 and a twelve month high of $29.81. The firm has a market cap of $5.45 billion, a P/E ratio of 8.74, a PEG ratio of 1.39 and a beta of 0.18. The company has a quick ratio of 2.27, a current ratio of 2.27 and a debt-to-equity ratio of 7.79.

H & R Block (NYSE:HRB) last announced its earnings results on Tuesday, August 28th. The company reported ($0.72) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.77) by $0.05. H & R Block had a net margin of 18.66% and a negative return on equity of 461.55%. The business had revenue of $145.00 million during the quarter, compared to the consensus estimate of $137.57 million. During the same quarter last year, the firm earned ($0.62) earnings per share. H & R Block’s quarterly revenue was up 5.1% on a year-over-year basis. On average, research analysts predict that H & R Block will post 1.91 EPS for the current fiscal year.

In other H & R Block news, insider Thomas A. Gerke sold 70,000 shares of H & R Block stock in a transaction on Thursday, August 30th. The shares were sold at an average price of $26.54, for a total value of $1,857,800.00. Following the completion of the sale, the insider now directly owns 68,073 shares of the company’s stock, valued at $1,806,657.42. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.50% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of HRB. Handelsbanken Fonder AB bought a new stake in H & R Block in the first quarter valued at $864,000. Mount Yale Investment Advisors LLC bought a new stake in H & R Block in the first quarter valued at $257,000. Pensionfund Sabic bought a new stake in H & R Block in the second quarter valued at $1,506,000. Pensionfund DSM Netherlands bought a new stake in H & R Block in the second quarter valued at $1,982,000. Finally, Rockland Trust Co. increased its stake in H & R Block by 128.9% in the second quarter. Rockland Trust Co. now owns 60,938 shares of the company’s stock valued at $1,388,000 after purchasing an additional 34,318 shares in the last quarter. 95.34% of the stock is owned by hedge funds and other institutional investors.

H & R Block Company Profile

H&R Block, Inc, through its subsidiaries, 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, and Australia. The company offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or by franchisees.

Recommended Story: Discount Rate

To view ValuEngine’s full report, visit ValuEngine’s official website.

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

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