Blackhawk Network Holdings (HAWK) Receives $44.75 Consensus Target Price from Analysts

Blackhawk Network Holdings (NASDAQ:HAWK) has been given a consensus rating of “Hold” by the eighteen research firms that are currently covering the firm, MarketBeat reports. Fourteen analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $44.75.

Several research firms recently issued reports on HAWK. ValuEngine upgraded Blackhawk Network from a “hold” rating to a “buy” rating in a report on Monday, April 9th. Wells Fargo downgraded Blackhawk Network from an “outperform” rating to a “market perform” rating in a report on Friday, April 6th. BidaskClub downgraded Blackhawk Network from a “buy” rating to a “hold” rating in a report on Friday, April 6th. Zacks Investment Research upgraded Blackhawk Network from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 14th. Finally, Mizuho reiterated a “hold” rating and issued a $36.00 price objective on shares of Blackhawk Network in a report on Monday, February 26th.

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NASDAQ:HAWK traded down $0.03 on Thursday, reaching $44.77. The company’s stock had a trading volume of 680,096 shares, compared to its average volume of 2,119,651. Blackhawk Network has a 12-month low of $32.60 and a 12-month high of $47.00. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $2,544.86, a P/E ratio of -16.18, a P/E/G ratio of 4.60 and a beta of 0.71.

Blackhawk Network (NASDAQ:HAWK) last posted its earnings results on Tuesday, February 27th. The credit services provider reported $1.32 EPS for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.04. Blackhawk Network had a negative return on equity of 18.94% and a negative net margin of 6.98%. The company had revenue of $423.18 million for the quarter, compared to the consensus estimate of $384.70 million. sell-side analysts anticipate that Blackhawk Network will post 0.56 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the business. First Quadrant L P CA purchased a new stake in Blackhawk Network during the 4th quarter worth about $120,000. We Are One Seven LLC acquired a new position in shares of Blackhawk Network during the 4th quarter worth about $155,000. BB&T Securities LLC acquired a new position in shares of Blackhawk Network during the 3rd quarter worth about $204,000. SG Americas Securities LLC boosted its position in shares of Blackhawk Network by 170.6% during the 3rd quarter. SG Americas Securities LLC now owns 6,743 shares of the credit services provider’s stock worth $295,000 after acquiring an additional 4,251 shares in the last quarter. Finally, Stone Ridge Asset Management LLC acquired a new position in shares of Blackhawk Network during the 4th quarter worth about $369,000. Institutional investors own 95.87% of the company’s stock.

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Blackhawk Network Company Profile

Blackhawk Network Holdings, Inc provides a range of prepaid gift, telecom, and debit cards in physical and electronic forms; and related prepaid products and payment services in the United States and internationally. It operates through three segments: U.S. Retail, International, and Incentives & Rewards.

Analyst Recommendations for Blackhawk Network (NASDAQ:HAWK)

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