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Blackhawk Network Holdings (NASDAQ:HAWK) was upgraded by investment analysts at Susquehanna from a “negative” rating to a “neutral” rating in a note issued to investors on Thursday, TheFlyOnTheWall.com reports. The firm currently has a $24.00 target price on the stock, up from their previous target price of $20.00. Susquehanna’s price objective suggests a potential downside of 12.34% from the company’s current price.

A number of other analysts have also recently weighed in on HAWK. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Blackhawk Network Holdings in a research note on Thursday, May 29th. They now have a $29.00 price target on the stock. Separately, analysts at Zacks upgraded shares of Blackhawk Network Holdings from an “underperform” rating to a “neutral” rating in a research note on Monday, April 28th. They now have a $24.40 price target on the stock. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $25.84.

Blackhawk Network Holdings (NASDAQ:HAWK) traded up 1.68% on Thursday, hitting $27.84. 95,760 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 $29.73. The stock’s 50-day moving average is $24.84 and its 200-day moving average is $25.30. The company has a market cap of $1.464 billion and a price-to-earnings ratio of 28.97.

Blackhawk Network Holdings (NASDAQ:HAWK) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.05 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.05. The company had revenue of $233.10 million for the quarter, compared to the consensus estimate of $237.99 million. Blackhawk Network Holdings’s revenue was up 25.9% compared to the same quarter last year. Analysts expect that Blackhawk Network Holdings will post $1.22 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.

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