H&R Block (HRB) : Analyst Rating Update

H&R Block (HRB) : 9 analysts are covering H&R Block (HRB) and their average rating on the stock is 2.39, which is read as a Buy. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. H&R Block (HRB) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

H&R Block (HRB) : Currently there are 6 street experts covering H&R Block (HRB) stock. The most bullish and bearish price target for the stock is $33 and $25 respectively for the short term. The average price target of all the analysts comes to $28.83. The estimated standard deviation from the target is $3.19.

H&R Block (NYSE:HRB): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $23.00 and $22.84 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $23.40. The buying momentum continued till the end and the stock did not give up its gains. It closed at $23.39, notching a gain of 1.30% for the day. The total traded volume was 2,895,178 . The stock had closed at $23.09 on the previous day.

Also, Sterne Agee CRT initiates coverage on H&R Block (NYSE:HRB). Sterne Agee CRT has a Neutral rating on the shares. As per the latest report, the brokerage house announces the price target to $33 per share. The rating by the firm was issued on May 3, 2016. The company shares have dropped -23.24% from its 1 Year high price. On Nov 2, 2015, the shares registered one year high at $37.53 and the one year low was seen on May 12, 2016. The 50-Day Moving Average price is $21.99 and the 200 Day Moving Average price is recorded at $27.06.

H&R Block, Inc. (H&R Block) is a holding company. The Company, 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, and its territories, Canada and Australia. The Company offers a range of online tax services, from tax advice to complete professional and DIY tax return preparation and electronic filing, through its Website at www.hrblock.com. Services available at this Website allow clients to prepare their federal and state income tax returns using online tax program, access tax tips, advice and tax-related news, and use calculators for tax planning. The Company develops and markets DIY desktop income tax preparation software. It develops and offers applications for mobile devices, which provide tax and related services to clients.

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