Blackhawk Network (HAWK) Rating Increased to Hold at BidaskClub
BidaskClub upgraded shares of Blackhawk Network (NASDAQ:HAWK) from a sell rating to a hold rating in a report issued on Friday.
Other equities analysts have also issued reports about the company. Zacks Investment Research raised Blackhawk Network from a hold rating to a buy rating and set a $39.00 price target for the company in a research note on Wednesday, December 13th. Deutsche Bank reaffirmed a buy rating and set a $51.00 price target on shares of Blackhawk Network in a research note on Friday, November 3rd. First Analysis lowered Blackhawk Network from an overweight rating to an equal weight rating in a research note on Tuesday, January 23rd. Mizuho reaffirmed a hold rating and set a $36.00 price target on shares of Blackhawk Network in a research note on Monday, February 26th. Finally, SunTrust Banks lowered Blackhawk Network from a buy rating to a hold rating in a research note on Wednesday, January 31st. Thirteen research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Blackhawk Network presently has an average rating of Hold and an average price target of $46.10.
Blackhawk Network (HAWK) opened at $44.70 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.94 and a quick ratio of 0.94. Blackhawk Network has a one year low of $32.60 and a one year high of $47.00.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. First Quadrant L P CA bought a new stake in shares of Blackhawk Network during the 4th quarter worth $120,000. We Are One Seven LLC acquired a new stake in shares of Blackhawk Network in the fourth quarter worth $155,000. BB&T Securities LLC acquired a new stake in shares of Blackhawk Network in the third quarter worth $204,000. Aperio Group LLC acquired a new stake in shares of Blackhawk Network in the third quarter worth $205,000. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Blackhawk Network in the third quarter worth $272,000. 94.59% of the stock is owned by institutional investors and hedge funds.
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.
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