Blackhawk Network Holdings Downgraded by Zacks to Underperform (HAWK)
Blackhawk Network Holdings (NASDAQ:HAWK) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report issued on Wednesday, AR Network reports. They currently have a $21.30 price target on the stock. Zacks‘ target price points to a potential downside of 7.95% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group reiterated a “buy” rating on shares of Blackhawk Network Holdings in a research note to investors on Monday, October 14th. They now have a $27.00 price target on the stock, down previously from $30.00. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Blackhawk Network Holdings in a research note to investors on Friday, October 11th. They now have a $29.00 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Blackhawk Network Holdings in a research note to investors on Friday, October 11th. They now have a $25.00 price target on the stock, down previously from $26.00. Three analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. Blackhawk Network Holdings currently has a consensus rating of “Hold” and an average price target of $24.59.
In other Blackhawk Network Holdings news, President Roche L. Talbott Hoskins sold 15,000 shares of the stock on the open market in a transaction dated Friday, November 1st. The stock was sold at an average price of $23.01, for a total transaction of $345,150.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Blackhawk Network Holdings (NASDAQ:HAWK) traded down 0.24% on Wednesday, hitting $23.085. The stock had a trading volume of 22,916 shares. 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 P/E ratio of 28.82.
Blackhawk Network Holdings (NASDAQ:HAWK) last released its earnings data 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. Analysts expect that Blackhawk Network Holdings will post $1.12 EPS 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.
To view Zacks’ full report, visit www.zacks.com
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