BTIG Keeps Their Sell Rating on H&R Block

By Jason Carr

BTIG analyst Mark Palmer reiterated a Sell rating on H&R Block (NYSE: HRB) yesterday and set a price target of $19. The company’s shares closed yesterday at $29.61.

According to, Palmer is a 4-star analyst with an average return of 4.1% and a 54.6% success rate. Palmer covers the Financial sector, focusing on stocks such as Santander Consumer USA, Assured Guaranty Ltd, and Synchrony Financial.

H&R Block has an analyst consensus of Hold, with a price target consensus of $26.33.

H&R Block’s market cap is currently $6.13B and has a P/E ratio of 14.73. The company has a book value ratio of -100.7554.

Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is negative on the stock. Most recently, in June 2017, William Cobb, the President & CEO of HRB sold 387,740 shares for a total of $12,091,359.

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H&R Block, Inc. provides tax preparation and banking services. It offers assisted and do-it-yourself tax return preparation through multiple channels and distribute the H&R block-branded financial products and services, including those of its financial partners, to the general public primarily in the U.S., Canada, Australia, and their respective territories. The company was founded by Henry W. Bloch and Richard L. Bloch on January 25, 1955 and is headquartered in Kansas City, MO.