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Blackhawk Network Holdings (NASDAQ:HAWK) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report issued on Tuesday. They currently have a $27.50 price target on the stock. Zacks‘s price target would suggest a potential downside of 5.14% from the stock’s previous close.

Shares of Blackhawk Network Holdings (NASDAQ:HAWK) traded down 0.66% during mid-day trading on Tuesday, hitting $28.80. The stock had a trading volume of 76,862 shares. Blackhawk Network Holdings has a one year low of $20.25 and a one year high of $29.73. The stock’s 50-day moving average is $27.97 and its 200-day moving average is $25.8. The company has a market cap of $1.522 billion and a P/E ratio of 29.22.

Blackhawk Network Holdings (NASDAQ:HAWK) last released its earnings data on Wednesday, July 16th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.11. The company had revenue of $283.90 million for the quarter, compared to the consensus estimate of $281.53 million. During the same quarter in the previous year, the company posted $0.16 earnings per share. The company’s revenue for the quarter was up 25.7% on a year-over-year basis. On average, analysts predict that Blackhawk Network Holdings will post $1.24 earnings per share for the current fiscal year.

A number of other analysts have also recently weighed in on HAWK. Analysts at Jefferies Group raised their price target on shares of Blackhawk Network Holdings from $27.00 to $32.00 in a research note on Monday, July 21st. They now have a “buy” rating on the stock. Separately, analysts at Citigroup Inc. initiated coverage on shares of Blackhawk Network Holdings in a research note on Friday, July 18th. They set a “buy” rating on the stock. Finally, analysts at Raymond James reiterated an “outperform” rating on shares of Blackhawk Network Holdings in a research note on Thursday, July 17th. They now have a $34.00 price target on the stock, up previously from $28.00. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $28.25.

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 Zacks’ official website.

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