Shares of Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) have received an average recommendation of “Hold” from the seventeen brokerages that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $47.33.

A number of research analysts have recently commented on HAWK shares. SunTrust Banks set a $43.00 price objective on shares of Blackhawk Network and gave the company a “buy” rating in a research report on Thursday, October 12th. Craig Hallum reaffirmed a “buy” rating and set a $58.00 price objective on shares of Blackhawk Network in a research report on Friday, September 1st. Argus cut their price objective on shares of Blackhawk Network from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Tuesday, October 17th. Deutsche Bank reaffirmed a “buy” rating and set a $51.00 price objective on shares of Blackhawk Network in a research report on Friday, November 3rd. Finally, Zacks Investment Research raised shares of Blackhawk Network from a “sell” rating to a “hold” rating in a research report on Wednesday, November 1st.

Blackhawk Network (HAWK) opened at $34.80 on Friday. The company has a market cap of $1,974.25, a PE ratio of 60.97, a PEG ratio of 5.58 and a beta of 0.48. 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 has a 52-week low of $32.60 and a 52-week high of $46.70.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of HAWK. Teachers Advisors LLC increased its stake in Blackhawk Network by 2.3% in the first quarter. Teachers Advisors LLC now owns 92,856 shares of the credit services provider’s stock valued at $3,770,000 after acquiring an additional 2,106 shares during the period. Russell Investments Group Ltd. increased its stake in Blackhawk Network by 56.5% in the second quarter. Russell Investments Group Ltd. now owns 282,903 shares of the credit services provider’s stock valued at $12,334,000 after acquiring an additional 102,168 shares during the period. ING Groep NV bought a new stake in Blackhawk Network in the second quarter valued at about $218,000. Strs Ohio increased its stake in Blackhawk Network by 38.9% in the second 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 during the period. Finally, Janney Montgomery Scott LLC bought a new stake in Blackhawk Network in the second quarter valued at about $343,000. 96.74% of the stock is currently owned by institutional investors and hedge funds.

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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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