Blackhawk Network Holdings Stock Rating Reaffirmed by Citigroup Inc. (HAWK)
Blackhawk Network Holdings (NASDAQ:HAWK)‘s stock had its “neutral” rating reaffirmed by Citigroup Inc. in a research note issued on Friday, Analyst Ratings Net reports. They currently have a $25.00 target price on the stock, down from their previous target price of $26.00. Citigroup Inc.’s price objective indicates a potential upside of 8.04% from the company’s current price.
The analysts wrote, “HAWK reported another mixed quarter with revenues missing consensus despite a recovery in load volume growth but EPS beating on a better-than-expected margin performance. For the seasonally important 4Q, commentary implied a general continuation of recent trends with load volume growth, remaining in the high teens. As discussed below, our forward ests are moving slightly lower (aside from the 3Q EPS beat) as we temper our near-term growth expectations. Given that HAWK’s story/attraction is largely predicated on its strong growth, the recent disappointments on that front make the stock pullback justified for now. We are lowering our price target to $25 and we maintain our Neutral rating on HAWK.”
Separately, analysts at Susquehanna initiated coverage on shares of Blackhawk Network Holdings in a research note to investors on Thursday, September 26th. They set a “negative” rating and a $20.00 price target on the stock. Three analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. Blackhawk Network Holdings presently has an average rating of “Hold” and an average target price of $24.59.
In other Blackhawk Network Holdings news, President Roche L. Talbott Hoskins unloaded 15,000 shares of Blackhawk Network Holdings stock on the open market in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $23.01, for a total transaction of $345,150.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Blackhawk Network Holdings (NASDAQ:HAWK) traded down 0.24% on Friday, hitting $23.085. 22,916 shares of the company’s stock traded hands. Blackhawk Network Holdings has a 52 week low of $20.25 and a 52 week high of $27.23. The stock’s 50-day moving average is $23.10 and its 200-day moving average is $24.15. The company has a market cap of $1.200 billion and a price-to-earnings ratio of 28.82.
Blackhawk Network Holdings (NASDAQ:HAWK) last announced its earnings results on Thursday, October 10th. The company reported $0.08 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.05 by $0.03. The company had revenue of $206.00 million for the quarter, compared to the consensus estimate of $210.94 million. The company’s quarterly revenue was up 25.2% on a year-over-year basis. On average, analysts predict that Blackhawk Network Holdings will post $1.12 earnings per share for the current fiscal year.
Blackhawk Network Holdings, Inc, is a prepaid payment network utilizing technology to offer a range of gift cards, other prepaid products and payment services in the United States and 18 other countries.
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