Analyst Alexander Paris of Barrington reiterated a Buy rating on H&R Block (HRB – Research Report), retaining the price target of $70.00.
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Alexander Paris has given his Buy rating due to a combination of factors including H&R Block’s strong financial performance in the third quarter, where revenues and EBITDA exceeded expectations. The company’s adjusted earnings per share also saw a significant increase compared to the previous year.
Additionally, H&R Block’s reaffirmation of its full-year guidance, despite some anticipated legal expenses, indicates confidence in its financial outlook. The stock is currently trading at a discount compared to its historical averages and peers, offering an attractive valuation. Coupled with a secure dividend yield and an active share repurchase program, these factors contribute to the positive outlook and the reiterated price target of $70, suggesting a potential upside for investors.