Blackhawk Network (HAWK) Rating Lowered to Market Perform at Wells Fargo

Blackhawk Network (NASDAQ:HAWK) was downgraded by equities research analysts at Wells Fargo from an “outperform” rating to a “market perform” rating in a research note issued on Friday.

A number of other research analysts have also recently weighed in on HAWK. BidaskClub cut shares of Blackhawk Network from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. Zacks Investment Research raised shares of Blackhawk Network from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research report on Wednesday, December 13th. Craig Hallum lowered shares of Blackhawk Network from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. Credit Suisse Group boosted their price target on shares of Blackhawk Network from $40.00 to $45.00 and gave the company a “neutral” rating in a research report on Wednesday, January 17th. Finally, Citigroup lowered shares of Blackhawk Network from a “buy” rating to a “hold” rating and set a $45.25 price target on the stock. in a research report on Monday, January 22nd. Fourteen investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $46.02.

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HAWK opened at $44.60 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market capitalization of $2,529.08, a price-to-earnings ratio of -16.10, a P/E/G ratio of 4.59 and a beta of 0.71. Blackhawk Network has a twelve month low of $32.60 and a twelve month high of $47.00.

Blackhawk Network (NASDAQ:HAWK) last released 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 firm had revenue of $423.18 million for the quarter, compared to analysts’ expectations of $384.70 million. Blackhawk Network had a negative net margin of 6.98% and a negative return on equity of 18.94%. research 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 bought and sold shares of the company. First Quadrant L P CA bought a new stake in Blackhawk Network during the 4th quarter worth approximately $120,000. We Are One Seven LLC bought a new stake in Blackhawk Network during the 4th quarter worth approximately $155,000. BB&T Securities LLC bought a new stake in Blackhawk Network during the 3rd quarter worth approximately $204,000. SG Americas Securities LLC increased its holdings in 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 during the period. Finally, Magnetar Financial LLC bought a new stake in Blackhawk Network during the 3rd quarter worth approximately $415,000. 96.25% of the stock is currently 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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