BidaskClub upgraded shares of Blackhawk Network (NASDAQ:HAWK) from a sell rating to a hold rating in a research report sent to investors on Thursday.
HAWK has been the subject of a number of other reports. Zacks Investment Research raised Blackhawk Network from a hold rating to a buy rating and set a $39.00 target price for the company in a research report on Wednesday, December 13th. Mizuho reaffirmed a hold rating and set a $36.00 target price on shares of Blackhawk Network in a research report on Monday, February 26th. Citigroup lowered Blackhawk Network from a buy rating to a hold rating and set a $45.25 price target for the company. in a research report on Monday, January 22nd. Credit Suisse Group boosted their price target on Blackhawk Network from $40.00 to $45.00 and gave the stock a neutral rating in a research report on Wednesday, January 17th. Finally, Jefferies Group lowered Blackhawk Network from a buy rating to a hold rating in a research report on Monday, January 29th. Thirteen analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Blackhawk Network has an average rating of Hold and an average price target of $46.10.
Shares of HAWK stock opened at $44.75 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $2,531.91, a price-to-earnings ratio of -16.16, a price-to-earnings-growth ratio of 4.59 and a beta of 0.72. Blackhawk Network has a 1 year low of $32.60 and a 1 year high of $47.00.
Blackhawk Network (NASDAQ:HAWK) last issued its earnings results on Tuesday, February 27th. The credit services provider reported $1.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.04. The business had revenue of $423.18 million during the quarter, compared to analyst estimates of $384.70 million. Blackhawk Network had a negative return on equity of 18.94% and a negative net margin of 6.98%. equities research analysts predict that Blackhawk Network will post 0.56 earnings per share for the current year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James & Associates raised its position in shares of Blackhawk Network by 1.9% in the 4th quarter. Raymond James & Associates now owns 69,377 shares of the credit services provider’s stock worth $2,473,000 after acquiring an additional 1,300 shares in the last quarter. Teachers Advisors LLC increased its position in Blackhawk Network by 1.6% during the 4th quarter. Teachers Advisors LLC now owns 98,474 shares of the credit services provider’s stock valued at $3,511,000 after buying an additional 1,562 shares in the last quarter. Geode Capital Management LLC increased its position in Blackhawk Network by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 496,754 shares of the credit services provider’s stock valued at $17,709,000 after buying an additional 2,484 shares in the last quarter. Comerica Bank increased its position in Blackhawk Network by 11.3% during the 4th quarter. Comerica Bank now owns 24,504 shares of the credit services provider’s stock valued at $1,127,000 after buying an additional 2,486 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in Blackhawk Network by 33.4% during the 3rd quarter. Principal Financial Group Inc. now owns 10,149 shares of the credit services provider’s stock valued at $445,000 after buying an additional 2,539 shares in the last quarter. 96.25% of the stock is owned by hedge funds and other institutional investors.
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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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