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.
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.
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