Blackhawk Network (HAWK) Stock Rating Upgraded by BidaskClub

Blackhawk Network (NASDAQ:HAWK) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Thursday.

Other equities analysts have also issued reports about the stock. Argus cut their price target on shares of Blackhawk Network from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Tuesday, October 17th. SunTrust Banks lowered shares of Blackhawk Network from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. Zacks Investment Research lowered shares of Blackhawk Network from a “buy” rating to a “hold” rating in a report on Wednesday, January 17th. Raymond James Financial reaffirmed a “market perform” rating on shares of Blackhawk Network in a report on Thursday, October 12th. Finally, BMO Capital Markets cut their price target on shares of Blackhawk Network from $52.00 to $51.00 and set an “outperform” rating on the stock in a report on Friday, October 13th. Thirteen investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $47.27.

Blackhawk Network (NASDAQ HAWK) traded down $0.05 during midday trading on Thursday, reaching $44.80. 2,778,905 shares of the company’s stock traded hands, compared to its average volume of 3,450,000. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.74. Blackhawk Network has a fifty-two week low of $32.60 and a fifty-two week high of $47.00. The stock has a market capitalization of $2,550.00, a price-to-earnings ratio of -497.78, a P/E/G ratio of 4.72 and a beta of 0.73.

Several large investors have recently bought and sold shares of HAWK. Prudential Financial Inc. acquired a new stake in shares of Blackhawk Network during the second quarter worth $207,000. Teachers Advisors LLC lifted its stake in shares of Blackhawk Network by 6.0% during the second quarter. Teachers Advisors LLC now owns 98,383 shares of the credit services provider’s stock worth $4,289,000 after buying an additional 5,527 shares during the period. New York State Common Retirement Fund lifted its position in Blackhawk Network by 95.4% during the second quarter. New York State Common Retirement Fund now owns 120,870 shares of the credit services provider’s stock valued at $5,270,000 after purchasing an additional 59,014 shares during the period. GSA Capital Partners LLP acquired a new position in Blackhawk Network during the second quarter valued at $466,000. Finally, Northern Trust Corp lifted its position in Blackhawk Network by 2.2% during the second quarter. Northern Trust Corp now owns 714,592 shares of the credit services provider’s stock valued at $31,156,000 after purchasing an additional 15,717 shares during the period. Institutional investors and hedge funds own 94.75% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This piece was first reported by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another domain, it was stolen and reposted in violation of United States and international copyright and trademark law. The original version of this piece can be viewed at https://www.americanbankingnews.com/2018/02/11/blackhawk-network-hawk-stock-rating-upgraded-by-bidaskclub.html.

Blackhawk Network Company Profile

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)

Receive News & Ratings for Blackhawk Network Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blackhawk Network and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply