Is A Downturn Overdue? Halliburton Company (HAL), H&R Block, Inc. (HRB)?

    The shares of Halliburton Company (NYSE:HAL) has been pegged with a rating of Buy by BofA/Merrill in its latest research note that was published on August 28th, 2019. The research company has also assigned a $24 price target. BofA/Merrill wasn’t the only research firm that published a report of Halliburton Company, with other equities research analysts also giving their opinion on the stock. Cowen advised investors in its research note published on July 23rd, 2019, to Outperform the HAL stock while also putting a $35 price target. The stock had earned Buy rating from BofA/Merrill when it published its report on June 25th, 2019. That day the BofA/Merrill set price target on the stock to $32. The stock was given Hold rating by Edward Jones in its report released on June 10th, 2019. Goldman was of a view that HAL is Buy in its latest report on March 11th, 2019 while giving it a price target of $42. Societe Generale thinks that HAL is worth Buy rating. This was contained in the firm’s report on December 20th, 2018.

    The consensus currently stands at a Hold while its average price target is $31.92. The price of the stock the last time has raised by 10.55% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 42.94.

    The shares of the company dipped by 0.00% during the trading session on Thursday, reaching a low of $18.71 while ending the day at $18.76. During the trading session, a total of 12.82 million shares were traded which represents a 10.06% incline from the average session volume which is 14.25M shares. HAL had ended its last session trading at 18.76. Halliburton Company currently has a market cap of $16.40B, while its P/E ratio stands at 12.82, while its P/E earnings growth sits at 0.69, with a beta of 1.41. Halliburton Company debt-to-equity ratio currently stands at 0.00, while its quick ratio hovers at 1.60. HAL 52-week low price stands at $16.97 while its 52-week high price is $42.57.

    Investment analysts at Northcoast published a research note on July 9th, 2019 where it informed investors and clients that H&R Block, Inc. (NYSE:HRB) is now rated as Neutral. Cowen also rated HRB as Reiterated on July 23rd, 2019, with its price target of $35 suggesting that HRB could surge by 6.28% from its current share price. Even though the stock has been trading at $24.26/share, analysts expect it to surge higher by -0.33% to reach $25.80/share. It started the day trading at $24.38 and traded between $24.07 and $24.18 throughout the trading session.

    A look at its technical shows that HRB’s 50-day SMA is 27.54 while its 200-day SMA stands at 26.30. The stock has a high of $29.62 for the year while the low is $22.96. The company’s P/E ratio currently sits at 11.44, while the P/B ratio is 9.06. At the moment, only of H&R Block, Inc. shares were sold short. The company’s average trading volume currently stands at 3.01M shares, which means that the short-interest ratio is just 14.48 days. Over the past seven days, the company moved, with its shift of -10.11%. Looking further, the stock has dropped -12.23% over the past 90 days while it gained 2.76% over the last six months.

    The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc sold more HRB shares, decreasing its portfolio by -0.63% during the last quarter. This move now sees The Vanguard Group Inc selling -165,135 shares in the last quarter, thus it now holds 25,985,220 shares of HRB, with a total valuation of $719,530,742. BlackRock Fund Advisors meanwhile sold more HRB shares in the recently filed quarter, changing its stake to $444,043,735 worth of shares. SSgA Funds Management Inc followed the path by increasing its HRB portfolio by +0.75% in the quarter. This means that SSgA Funds Management Inc bought 85,393 shares in the last quarter and now controls 11,447,169 shares of the HRB stock, with the valuation hitting $316,972,110.

    Similarly, First Eagle Investment Management decreased its H&R Block, Inc. shares by -26.41% during the recently filed quarter. After selling -2,035,032 shares in the last quarter, the firm now controls 5,670,746 shares of H&R Block, Inc. which are valued at $157,022,957. In the same vein, Jupiter Asset Management Ltd increased its H&R Block, Inc. shares by during the most recent reported quarter. The firm bought 182,078 shares during the quarter which increased its stakes to 5,179,708 shares and is now valued at $143,426,115. Following these latest developments, around 0.20% of H&R Block, Inc. stocks are owned by institutional investors and hedge funds.