NEW YORK (TheStreet) --H&R Block Inc.'s (HRB) price target was raised to $36 from $34 at Oppenheimer on Thursday due to the company's pending bank deal and the likelihood it will return more cash to investors.
The firm kept its "outperform" rating on the stock.
On Wednesday, H&R Block reported its 2014 fiscal results, posting a 4% increase in revenue to $3.024 billion, an 8% increase in EBITDA to $940 million, and a 5% growth in non-GAAP adjusted earnings per share to $1.67.
Must Read: Warren Buffett's 25 Favorite Stocks
Shares of H&R Block are lower by -0.40% to $32.02 in pre-market trading today.
Separately, TheStreet Ratings team rates BLOCK H & R INC as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:
"We rate BLOCK H & R INC (HRB) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, notable return on equity and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and feeble growth in the company's earnings per share."