Analyst Comment: H & R Block Inc. (HRB) Selloff “Overdone”
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Price: $41.14 --0%
Rating Summary:
5 Buy, 8 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 9 | Down: 12 | New: 11
Rating Summary:
5 Buy, 8 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 9 | Down: 12 | New: 11
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H & R Block Inc. (NYSE: HRB) sold off after reporting below consensus FY 2012 revenue and EPS guidance, but analysts at Oppenheimer think the selloff could be overdone.
An important point to note, according to Oppenheimer analysts, is that HRB delivered better than expected 2011 storefront and digital tax return volume, building momentum going into 2012. HRB is differentiated, has a strong brand name, and dual channel storefront and digital positioning.
Analysts say they “anticipate significant margin expansion and EPS acceleration in FY13 & FY14.”
Oppenheimer has an OUTPERFORM rating H & R Block (NYSE: HRB) and a price target of $19.00.
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 $16.74 yesterday.
An important point to note, according to Oppenheimer analysts, is that HRB delivered better than expected 2011 storefront and digital tax return volume, building momentum going into 2012. HRB is differentiated, has a strong brand name, and dual channel storefront and digital positioning.
Analysts say they “anticipate significant margin expansion and EPS acceleration in FY13 & FY14.”
Oppenheimer has an OUTPERFORM rating H & R Block (NYSE: HRB) and a price target of $19.00.
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 $16.74 yesterday.
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