Blackhawk Network Holdings, Inc. (HAWK) Given Consensus Recommendation of “Buy” by Analysts
Shares of Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) have received an average rating of “Buy” from the seventeen research firms that are presently covering the stock, MarketBeat.com reports. Eight research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $47.33.
Several brokerages have recently issued reports on HAWK. UBS AG cut shares of Blackhawk Network Holdings from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 12th. Mizuho downgraded shares of Blackhawk Network Holdings from a “buy” rating to a “neutral” rating and set a $50.00 price target on the stock. in a report on Wednesday, October 18th. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Blackhawk Network Holdings in a report on Thursday, October 12th. Argus cut their price target on shares of Blackhawk Network Holdings from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Tuesday, October 17th. Finally, BidaskClub upgraded shares of Blackhawk Network Holdings from a “sell” rating to a “hold” rating in a report on Thursday, August 17th.
Shares of Blackhawk Network Holdings (NASDAQ:HAWK) opened at $35.50 on Monday. Blackhawk Network Holdings has a 1 year low of $32.60 and a 1 year high of $46.70. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a market cap of $2,016.86, a price-to-earnings ratio of 62.28, a PEG ratio of 5.70 and a beta of 0.45.
Blackhawk Network Holdings (NASDAQ:HAWK) last released its earnings results on Wednesday, October 11th. The credit services provider reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.07. The company had revenue of $419.30 million for the quarter, compared to analysts’ expectations of $439.32 million. Blackhawk Network Holdings had a negative net margin of 0.14% and a positive return on equity of 4.12%. Blackhawk Network Holdings’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.14 EPS. sell-side analysts forecast that Blackhawk Network Holdings will post 0.41 earnings per share for the current year.
Institutional investors and hedge funds have recently made changes to their positions in the company. Strs Ohio lifted its position in shares of Blackhawk Network Holdings by 38.9% in the 2nd quarter. Strs Ohio now owns 2,500 shares of the credit services provider’s stock worth $109,000 after purchasing an additional 700 shares during the period. Aperio Group LLC purchased a new stake in shares of Blackhawk Network Holdings in the 3rd quarter worth approximately $205,000. Prudential Financial Inc. purchased a new stake in shares of Blackhawk Network Holdings in the 2nd quarter worth approximately $207,000. Campbell Newman Asset Management Inc. purchased a new stake in shares of Blackhawk Network Holdings in the 2nd quarter worth approximately $213,000. Finally, ING Groep NV purchased a new stake in shares of Blackhawk Network Holdings in the 2nd quarter worth approximately $218,000. 96.03% of the stock is owned by hedge funds and other institutional investors.
About Blackhawk Network Holdings
Blackhawk Network Holdings, Inc is a prepaid payment network. The Company operates through three segments: U.S. Retail, International, and Incentives & Rewards. The U.S. Retail segment is engaged in the sale of prepaid products to consumers at its retail distribution partners and online and the sale of telecom handsets to retail distribution partners for resale to consumers.
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