Blackhawk Network (NASDAQ:HAWK) was downgraded by investment analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Monday, The Fly reports.
HAWK has been the topic of a number of other reports. UBS Group cut Blackhawk Network from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 12th. Zacks Investment Research raised Blackhawk Network from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research note on Wednesday, December 13th. Mizuho cut Blackhawk Network from a “buy” rating to a “neutral” rating and set a $50.00 price target on the stock. in a research note on Wednesday, October 18th. Citigroup cut Blackhawk Network from a “buy” rating to a “neutral” rating in a research note on Monday. Finally, Raymond James Financial reissued a “market perform” rating on shares of Blackhawk Network in a research note on Thursday, October 12th. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the stock. Blackhawk Network currently has an average rating of “Hold” and a consensus price target of $47.92.
Shares of Blackhawk Network (NASDAQ:HAWK) traded up $0.10 during trading on Monday, reaching $45.25. The company’s stock had a trading volume of 3,858,600 shares, compared to its average volume of 4,687,154. 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 stock has a market cap of $2,560.00, a PE ratio of -502.78, a P/E/G ratio of 5.46 and a beta of 0.48. Blackhawk Network has a 1-year low of $32.60 and a 1-year high of $46.70.
WARNING: This story was published by American Banking and Market News and is owned by of American Banking and Market News. If you are reading this story on another publication, it was stolen and republished in violation of US and international copyright & trademark legislation. The correct version of this story can be read at https://www.americanbankingnews.com/2018/01/22/blackhawk-network-hawk-rating-lowered-to-market-perform-at-bmo-capital-markets.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.