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Blackhawk Network Holdings (NASDAQ:HAWK) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research report issued to clients and investors on Tuesday, American Banking & Market News reports. They currently have a $22.60 target price on the stock. Zacks‘ target price would indicate a potential downside of 4.92% from the stock’s previous close.

A number of other analysts have also recently weighed in on HAWK. Analysts at Bank of America reiterated a “neutral” rating on shares of Blackhawk Network Holdings in a research note on Friday. They now have a $25.00 price target on the stock, down previously from $28.00. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Blackhawk Network Holdings in a research note on Friday. They now have a $26.00 price target on the stock, down previously from $33.00. Finally, analysts at Wedbush upgraded shares of Blackhawk Network Holdings from an “underperform” rating to a “neutral” rating in a research note on Friday. They now have a $18.00 price target on the stock. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $25.42.

Blackhawk Network Holdings (NASDAQ:HAWK) traded up 0.13% on Tuesday, hitting $23.80. The stock had a trading volume of 456,778 shares. Blackhawk Network Holdings has a 1-year low of $20.25 and a 1-year high of $29.73. The stock’s 50-day moving average is $26.5 and its 200-day moving average is $24.44. The company has a market cap of $1.237 billion and a P/E ratio of 29.60.

Blackhawk Network Holdings (NASDAQ:HAWK) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by $0.03. The company had revenue of $521.20 million for the quarter, compared to the consensus estimate of $528.10 million. On average, analysts predict that Blackhawk Network Holdings will post $1.27 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.

To view Zacks’ full report, visit www.zacks.com

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