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HRB

H&R Block

$26.70

0.59 (2.26%)

10:28
08/29/18
08/29
10:28
08/29/18
10:28

H&R Block target raised to $29 on Q1 beat at Barrington

Barrington analyst Alexander Paris raised his price target for H&R Block to $29 from $27 after the company's Q1 results topped expectations. The analyst, however, notes adds that given the seasonality of the tax industry, the first quarter is not indicative of full-year performance. He maintains an Outperform rating on H&R Block shares. Paris is looking past "to the transition year to a return to growth and margin expansion in FY/20 and beyond."

HRB H&R Block
$26.70

0.59 (2.26%)

06/13/18
BMOC
06/13/18
NO CHANGE
Target $25
BMOC
Market Perform
H&R Block price target lowered to $25 from $29 at BMO Capital
BMO Capital analyst Jeffrey Silber lowered his price target on H&R Block to $25, saying that despite the Q4 earnings beat, the FY19 outlook was well below consensus. The analyst notes that while he anticipated reduced revenue in FY19, the company has acknowledged that the new Assisted pricing structure from diminished tax complexity was a factor. Silber also expects that investors will likely be "spooked" by the H&R Block warning of a 380-580bps margin compression from long term investments in office consolidation and technology improvements. The analyst keeps his Market Perform rating on H&R Block shares.
06/13/18
BRRR
06/13/18
NO CHANGE
Target $27
BRRR
Outperform
H&R Block price target lowered to $27 from $32 at Barrington
Barrington analyst Alexander Paris lowered his price target on H&R Block to $27, citing the company's worse than expected outlook for FY19. Paris especially notes the FY19 EBITDA margin forecast as "significantly below" his view. The analyst keeps his Outperform rating on H&R Block however, saying the current valuation of 12.8-times expected FY19 EPS is below the company's historical average of 14.2-times.
06/19/18
06/19/18
UPGRADE
Target $240

Buy
Intuit upgraded to Buy on TurboTax share gains, QuickBooks growth at Stifel
As previously reported, Stifel analyst Brad Reback upgraded Intuit (INTU) to Buy from Hold, as he believes its two primary business divisions each have improving competitive dynamics and multiple secular growth drivers. On the TurboTax side, Reback highlights that Intuit's primary competitor, H&R Block (HRB), recently announced plans to close 400 tax stores, which should put additional market share up for grabs in 2019. On the QuickBooks side, Reback continues to believe the platform is just as important to the company's long-term strategy and should help to sustain mid-teens growth in the company's Small Business Segment. He raised his price target on Intuit shares to $240 from $197.
06/21/18
BTIG
06/21/18
NO CHANGE
Target $19
BTIG
Sell
Uncertainty around H&R Block to persist, says BTIG
BTIG analyst Mark Palmer kept his Sell rating and $19 price target on H&R Block (HRB), saying the uncertainty around the company's medium-term prospects is likely to persist, keeping the stock under pressure. Palmer points to the recent 18% decline in the stock price after the company's June 12th financial guidance indicating that the changes in the company's pricing structure were due to the less favorable simplified U.S. tax laws. The analyst also expects the U.S. Treasury's foray into tax simplification to accelerate the shift to online tax filing, marginalizing H&R Block to a fraction of the market share of Intuit's (INTU) TurboTax.

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