Blackhawk Network (HAWK) Given Media Sentiment Rating of 0.24

News stories about Blackhawk Network (NASDAQ:HAWK) have been trending somewhat positive on Thursday, according to Accern. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Blackhawk Network earned a media sentiment score of 0.24 on Accern’s scale. Accern also assigned media stories about the credit services provider an impact score of 46.4807090288465 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:

A number of research firms recently issued reports on HAWK. Argus reduced their price objective on Blackhawk Network from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Tuesday, October 17th. Raymond James Financial reiterated a “market perform” rating on shares of Blackhawk Network in a research report on Thursday, October 12th. Zacks Investment Research lowered Blackhawk Network from a “buy” rating to a “hold” rating in a research report on Wednesday, September 20th. BMO Capital Markets reduced their price target on Blackhawk Network from $52.00 to $51.00 and set an “outperform” rating for the company in a research report on Friday, October 13th. Finally, Bank of America dropped their price objective on Blackhawk Network from $50.00 to $46.00 and set a “neutral” rating on the stock in a research note on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $47.17.

Blackhawk Network (NASDAQ:HAWK) traded up $0.15 during trading hours on Thursday, reaching $37.00. The company had a trading volume of 568,153 shares, compared to its average volume of 1,264,432. 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 52-week low of $32.60 and a 52-week high of $46.70. The firm has a market capitalization of $2,100.00, a price-to-earnings ratio of -411.11, a price-to-earnings-growth ratio of 3.59 and a beta of 0.48.

Blackhawk Network (NASDAQ:HAWK) last issued its earnings results on Wednesday, October 11th. The credit services provider reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.07. Blackhawk Network had a positive return on equity of 4.12% and a negative net margin of 0.14%. The firm had revenue of $419.30 million for the quarter, compared to the consensus estimate of $439.32 million. During the same quarter in the previous year, the company posted $0.14 earnings per share. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. sell-side analysts anticipate that Blackhawk Network will post 0.41 earnings per share for the current year.

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About Blackhawk Network

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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