H&R Block (HRB) Upside on Season-End Tax Return Volume Unlikely - Analyst
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Price: $613.21 --0%
Rating Summary:
31 Buy, 5 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 9 | Down: 9 | New: 12
Rating Summary:
31 Buy, 5 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 9 | Down: 9 | New: 12
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H&R Block (HRB) is expected to report season-end tax results after the close on Wednesday and according Oppenheimer equity research, "upside relative to expectations for HRB appears unlikely."
They base their analysis on YTD tax returns received by the IRS, adjust for volumes reported by HRB's competitors, particularly Intuit (Nasdaq: INTU) who reported slightly lower volumes on Friday.
That said, Oppenheimer analysts think HRB is set to outperform and could trade closer to its historic range of approximately 12x EPS vs.10x EPS. If so, we could see the price move closer to $20 per share compared to $16.41, which is where it stands now.
The firm is maintaining their Outperform rating on the stock.
Track breaking news on HRB and other stocks at EasyStockAlerts.com
For an analyst ratings summary and ratings history on H & R Block click here. For more ratings news on H & R Block click here.
Shares of H & R Block closed at $16.80 yesterday.
They base their analysis on YTD tax returns received by the IRS, adjust for volumes reported by HRB's competitors, particularly Intuit (Nasdaq: INTU) who reported slightly lower volumes on Friday.
That said, Oppenheimer analysts think HRB is set to outperform and could trade closer to its historic range of approximately 12x EPS vs.10x EPS. If so, we could see the price move closer to $20 per share compared to $16.41, which is where it stands now.
The firm is maintaining their Outperform rating on the stock.
Track breaking news on HRB and other stocks at EasyStockAlerts.com
For an analyst ratings summary and ratings history on H & R Block click here. For more ratings news on H & R Block click here.
Shares of H & R Block closed at $16.80 yesterday.
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