Tax Reform Won't Hurt Intuit or H&R Block, but This Will
The tax reform bill making its way through Congress was originally billed as a simplification of the tax code. President Donald Trump said back in February: "We're going to simplify very greatly the tax code. It's too complicated. H&R Block probably won't be too happy."
H&R Block (NYSE: HRB) and Intuit (NASDAQ: INTU) are two of the biggest players in the tax prep market. H&R Block offers assisted tax prep in thousands of retail tax offices as well as do-it-yourself tax prep online. Intuit, via its TurboTax business, is the king of online tax prep.
The good news for both companies: The tax bill doesn't really make the tax code any simpler. Taxpayers who in previous years shelled out for tax prep services will do it again in the next few months. Demand for these services isn't going away.
Source: Fool.com
H&R Block Inc. Stock
We see a rather positive sentiment for H&R Block Inc. with 6 Buy predictions and 2 Sell predictions.
On the other hand, the target price of 40 € is below the current price of 44.2 € for H&R Block Inc., so the potential is actually -9.5%.
