Blackhawk Network (HAWK) Lowered to “Hold” at Jefferies Group

Blackhawk Network (NASDAQ:HAWK) was downgraded by stock analysts at Jefferies Group from a “buy” rating to a “hold” rating in a report released on Monday, Marketbeat reports.

A number of other equities research analysts have also commented on the stock. First Analysis lowered shares of Blackhawk Network from an “overweight” rating to an “equal weight” rating in a report on Tuesday, January 23rd. BMO Capital Markets downgraded shares of Blackhawk Network from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $51.00 to $45.00 in a research report on Monday, January 22nd. Citigroup downgraded shares of Blackhawk Network from a “buy” rating to a “hold” rating and set a $45.25 price objective on the stock. in a research report on Monday, January 22nd. Credit Suisse Group boosted their price objective on shares of Blackhawk Network from $40.00 to $45.00 and gave the company a “neutral” rating in a research report on Wednesday, January 17th. Finally, Zacks Investment Research downgraded shares of Blackhawk Network from a “buy” rating to a “hold” rating in a research report on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $47.27.

Blackhawk Network (NASDAQ:HAWK) traded down $0.50 during trading hours on Monday, reaching $45.50. 1,702,221 shares of the company were exchanged, compared to its average volume of 4,288,138. Blackhawk Network has a 52 week low of $32.60 and a 52 week high of $47.00. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.74. The company has a market cap of $2,613.40, a price-to-earnings ratio of -758.21, a P/E/G ratio of 5.53 and a beta of 0.48.

A number of institutional investors have recently modified their holdings of HAWK. First Quadrant L P CA purchased a new position in Blackhawk Network during the 4th quarter valued at $120,000. BB&T Securities LLC purchased a new stake in shares of Blackhawk Network in the 3rd quarter worth about $204,000. Aperio Group LLC purchased a new stake in shares of Blackhawk Network in the 3rd quarter worth about $205,000. Prudential Financial Inc. purchased a new stake in shares of Blackhawk Network in the 2nd quarter worth about $207,000. Finally, Laurion Capital Management LP purchased a new stake in shares of Blackhawk Network in the 2nd quarter worth about $262,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.

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About Blackhawk Network

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.

Analyst Recommendations for Blackhawk Network (NASDAQ:HAWK)

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