BMO Capital Markets Downgrades Blackhawk Network (HAWK) to Market Perform

BMO Capital Markets downgraded shares of Blackhawk Network (NASDAQ:HAWK) from an outperform rating to a market perform rating in a report issued on Monday morning. The brokerage currently has $45.00 target price on the credit services provider’s stock, down from their prior target price of $51.00.

A number of other brokerages also recently weighed in on HAWK. BidaskClub downgraded shares of Blackhawk Network from a sell rating to a strong sell rating in a report on Friday, December 22nd. SunTrust Banks set a $43.00 price target on shares of Blackhawk Network and gave the company a buy rating in a report on Thursday, October 12th. Zacks Investment Research downgraded shares of Blackhawk Network from a buy rating to a hold rating in a report on Wednesday, January 17th. Bank of America reduced their price target on shares of Blackhawk Network from $50.00 to $46.00 and set a neutral rating for the company in a report on Thursday, October 12th. Finally, Craig Hallum downgraded shares of Blackhawk Network from a buy rating to a hold rating in a report on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $47.27.

Shares of Blackhawk Network (NASDAQ:HAWK) opened at $46.20 on Monday. 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 1-year low of $32.60 and a 1-year high of $47.00. The firm has a market cap of $2,620.00, a price-to-earnings ratio of -513.33, a price-to-earnings-growth ratio of 5.63 and a beta of 0.48.

Large investors have recently added to or reduced their stakes in the company. First Quadrant L P CA bought a new position in shares of Blackhawk Network during the 4th quarter worth about $120,000. BB&T Securities LLC bought a new position in shares of Blackhawk Network during the 3rd quarter worth about $204,000. Aperio Group LLC bought a new position in shares of Blackhawk Network during the 3rd quarter worth about $205,000. Prudential Financial Inc. bought a new position in shares of Blackhawk Network during the 2nd quarter worth about $207,000. Finally, Laurion Capital Management LP bought a new position in shares of Blackhawk Network during the 2nd quarter worth about $262,000. 96.51% of the stock is owned by 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.

Analyst Recommendations for Blackhawk Network (NASDAQ:HAWK)

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