Blackhawk Network (HAWK) Lowered to Sell at BidaskClub

Blackhawk Network (NASDAQ:HAWK) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Friday.

Other research analysts also recently issued reports about the company. SunTrust Banks downgraded Blackhawk Network from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Zacks Investment Research downgraded Blackhawk Network from a “buy” rating to a “hold” rating in a research note on Wednesday, January 17th. First Analysis downgraded Blackhawk Network from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, January 23rd. Credit Suisse Group lifted their target price on Blackhawk Network from $40.00 to $45.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 17th. Finally, Citigroup downgraded Blackhawk Network from a “buy” rating to a “hold” rating and set a $45.25 target price for the company. in a research note on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $47.27.

Blackhawk Network (NASDAQ:HAWK) opened at $44.70 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.86 and a current ratio of 0.86. Blackhawk Network has a one year low of $32.60 and a one year high of $47.00. The company has a market capitalization of $2,545.22, a P/E ratio of -744.88, a PEG ratio of 4.72 and a beta of 0.73.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Quadrant L P CA bought a new stake in Blackhawk Network in the 4th quarter valued at $120,000. BB&T Securities LLC bought a new stake in Blackhawk Network in the 3rd quarter valued at $204,000. Aperio Group LLC bought a new stake in Blackhawk Network in the 3rd quarter valued at $205,000. Fox Run Management L.L.C. bought a new stake in Blackhawk Network in the 3rd quarter valued at $272,000. Finally, SG Americas Securities LLC boosted its stake in Blackhawk Network by 170.6% in the 3rd quarter. SG Americas Securities LLC now owns 6,743 shares of the credit services provider’s stock valued at $295,000 after purchasing an additional 4,251 shares during the period. Institutional investors and hedge funds own 95.90% of the company’s stock.

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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.

Analyst Recommendations for Blackhawk Network (NASDAQ:HAWK)

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