Brokerages Set Blackhawk Network Holdings Inc (HAWK) PT at $39.50

Brokerages Set Blackhawk Network Holdings Inc (HAWK) PT at $39.50

Shares of Blackhawk Network Holdings Inc (NASDAQ:HAWK) have been assigned a consensus recommendation of “Buy” from the twelve ratings firms that are covering the firm. Six analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $39.50.

A number of research analysts recently commented on HAWK shares. TheStreet upgraded Blackhawk Network Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, November 2nd. Jefferies Group LLC restated a “buy” rating and issued a $43.00 target price on shares of Blackhawk Network Holdings in a research note on Monday, October 10th. Citigroup Inc. lowered Blackhawk Network Holdings from a “buy” rating to a “neutral” rating and set a $41.00 target price for the company. in a research note on Tuesday, January 17th. Guggenheim started coverage on Blackhawk Network Holdings in a research note on Wednesday, January 4th. They issued a “neutral” rating and a $41.00 target price for the company. Finally, BMO Capital Markets started coverage on Blackhawk Network Holdings in a research note on Thursday, January 5th. They issued a “market perform” rating and a $41.00 target price for the company.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HAWK. BNP Paribas Arbitrage SA boosted its stake in shares of Blackhawk Network Holdings by 113.6% in the third quarter. BNP Paribas Arbitrage SA now owns 4,645 shares of the company’s stock valued at $140,000 after buying an additional 2,470 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Blackhawk Network Holdings by 4.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,234 shares of the company’s stock valued at $158,000 after buying an additional 237 shares during the last quarter. US Bancorp DE boosted its stake in shares of Blackhawk Network Holdings by 94.7% in the second quarter. US Bancorp DE now owns 5,800 shares of the company’s stock valued at $194,000 after buying an additional 2,821 shares during the last quarter. Great West Life Assurance Co. Can boosted its stake in shares of Blackhawk Network Holdings by 46.2% in the third quarter. Great West Life Assurance Co. Can now owns 6,565 shares of the company’s stock valued at $198,000 after buying an additional 2,076 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of Blackhawk Network Holdings by 1.1% in the third quarter. Principal Financial Group Inc. now owns 7,430 shares of the company’s stock valued at $224,000 after buying an additional 83 shares during the last quarter. Hedge funds and other institutional investors own 95.41% of the company’s stock.

Shares of Blackhawk Network Holdings (NASDAQ:HAWK) opened at 36.10 on Friday. Blackhawk Network Holdings has a 12-month low of $28.88 and a 12-month high of $39.30. The company has a 50-day moving average of $37.47 and a 200 day moving average of $34.74. The firm has a market cap of $2.00 billion, a P/E ratio of 94.75 and a beta of 0.58.

About Blackhawk Network Holdings

Blackhawk Network Holdings, Inc is a prepaid payment network. The Company offers a range of prepaid gift, telecom and debit cards, in physical and electronic forms, as well as related prepaid products and payment services. The Company’s segments are US Retail, International Retail and Incentives & Rewards.

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