Blackhawk Network Holdings, Inc. (NASDAQ:HAWK)‘s stock had its “buy” rating reaffirmed by investment analysts at Deutsche Bank AG in a report released on Friday, November 3rd. They currently have a $51.00 target price on the credit services provider’s stock. Deutsche Bank AG’s price target points to a potential upside of 38.78% from the stock’s previous close.
Several other research analysts have also commented on HAWK. BidaskClub upgraded shares of Blackhawk Network Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. BMO Capital Markets decreased their price objective on shares of Blackhawk Network Holdings from $52.00 to $51.00 and set an “outperform” rating for the company in a report on Friday, October 13th. SunTrust Banks, Inc. set a $43.00 price objective on shares of Blackhawk Network Holdings and gave the stock a “buy” rating in a report on Thursday, October 12th. Argus decreased their price objective on shares of Blackhawk Network Holdings from $50.00 to $45.00 and set a “buy” rating for the company in a report on Tuesday, October 17th. Finally, Mizuho downgraded shares of Blackhawk Network Holdings from a “buy” rating to a “neutral” rating and set a $50.00 price objective for the company. in a report on Wednesday, October 18th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $47.62.
Blackhawk Network Holdings (NASDAQ HAWK) traded down $0.15 during trading on Friday, reaching $36.75. 933,542 shares of the company’s stock traded hands, compared to its average volume of 661,169. Blackhawk Network Holdings has a 1 year low of $32.60 and a 1 year high of $46.70. The firm has a market cap of $2,100.00, a price-to-earnings ratio of 63.25, a PEG ratio of 5.79 and a beta of 0.45. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.74.
Blackhawk Network Holdings (NASDAQ:HAWK) last announced its quarterly earnings results on Wednesday, October 11th. The credit services provider reported $0.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.07. Blackhawk Network Holdings had a negative net margin of 0.14% and a positive return on equity of 4.12%. The company had revenue of $419.30 million for the quarter, compared to analyst estimates of $439.32 million. During the same quarter in the prior year, the business posted $0.14 EPS. Blackhawk Network Holdings’s quarterly revenue was up 16.0% on a year-over-year basis. research analysts expect that Blackhawk Network Holdings will post 0.41 EPS for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the business. Strs Ohio increased its position in Blackhawk Network Holdings by 38.9% in the 2nd quarter. Strs Ohio now owns 2,500 shares of the credit services provider’s stock valued at $109,000 after acquiring an additional 700 shares in the last quarter. Horrell Capital Management Inc. acquired a new stake in Blackhawk Network Holdings in the 2nd quarter valued at about $121,000. BB&T Securities LLC acquired a new stake in Blackhawk Network Holdings in the 3rd quarter valued at about $204,000. Aperio Group LLC acquired a new stake in Blackhawk Network Holdings in the 3rd quarter valued at about $205,000. Finally, Prudential Financial Inc. acquired a new stake in Blackhawk Network Holdings in the 2nd quarter valued at about $207,000. Hedge funds and other institutional investors own 97.20% of the company’s stock.
Blackhawk Network Holdings 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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