Morgan Stanley Maintains Their Hold Rating on H&R Block (HRB)

By Ryan Adsit

In a report released today, Thomas Allen from Morgan Stanley maintained a Hold rating on H&R Block (HRBResearch Report), with a price target of $27. The company’s shares closed yesterday at $27.70.

According to TipRanks.com, Allen is a 1-star analyst with an average return of -2.0% and a 41.9% success rate. Allen covers the Services sector, focusing on stocks such as Marriott International, Penn National Gaming, and Las Vegas Sands.

The word on The Street in general, suggests a Hold analyst consensus rating for H&R Block with a $24 average price target, which is a -13.4% downside from current levels. In a report released today, Oppenheimer also assigned a Hold rating to the stock.

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The company has a one-year high of $29.81 and a one-year low of $22.45. Currently, H&R Block has an average volume of 2.78M.

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H&R Block, Inc. engages in the provision of tax preparation and other services. It offers assisted and do-it-yourself tax return preparation solutions 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 United States, Canada, and Australia. The company was founded by Henry W. Bloch and Richard A. Bloch on January 25, 1955 and is headquartered in Kansas City, MO.