Cramer Recommends H&R Block

H&R Block, Inc. (NYSE: HRB) shares dropped marginally despite a positive recommendation from CNBC's Jim Cramer on his Mad Money program. The hedge fund manager turned television star originally recommended the stock at $20 before its run-up. However, the latest quarter sent shares down 9.7% to around $24, and Cramer believes that it again represents an opportunity to buy.

 

Cramer believes that H&R Block does not deserve to be down this much when investors know that the tax code is due for a change with the coming of a new President. The assumption is that these changes will send more customers through the doors of tax-preparers like H&R Block. As a result, experts expect earnings during the next tax season to surge higher.

H&R Block, Inc. (H&R Block) is a financial services company with subsidiaries providing tax, investment, mortgage, and accounting and business consulting services and products. The Company’s Tax Services segment provides income tax return preparation and other services and products related to tax return preparation to the general public.

Shares of H&R Block are down $0.32, or 1.34%, to $23.61 per share.