H & R Block Inc (NYSE:HRB) a Hold: Credit Suisse

In a research note issued to investors, Anjaneya Singh at Credit Suisse Downgraded H & R Block Inc (NYSEHRB) to a Hold. The analyst placed a $35.00 price target on the stock which indicates a 13.16% upside to the last closing price. In the year following Singh’s ratings, the stocks covered yield an average return of 28.20% according to TipRanks.com. In the past year 9 out of 10 recommendations or 90% were successful.

On a consensus basis, Wall Street sell-side analysts have a mean target price of $36.8 for H&R Block, Inc. (NYSE:HRB). This number is based on the mean estimate from the 5 research firms that recently issued reports on the company.

According to analysts, H&R Block, Inc. (NYSE:HRB) is expected to report earnings per share for the current fiscal quarter of $-0.41. This is the consensus mean estimate based on the individual covering sell-side analysts’ reported numbers. The company last reported earnings for the period ending on 2015-04-30 of $N/A.

The average broker recommendation is arithmetical average of the individual ratings contributed by sell-side analysts to produce a Consensus Analyst Rating for each stock. On a scale of 1 to 5 where 1 is a Strong Buy and 5 is a Strong Sell, has the stock is ranked 1.42 based on 5 sell-side broker recommendations. Of the 5 analyst estimates, the most bullish sees the stock reaching $38 within the next 12 months while the most bearish analyst sees the stock at $35 within the year.

In looking at the long term growth prospects of the company, sell-side analysts have a consensus mean earnings per share estimate for the current year of $2.01. The high end estimate for this time frame is $2.29 with the low being $1.84. In looking at the next three to five years, the long term earnings per share estimate growth rate for the company is 11.67%, based on 3 analysts providing projections.