Finally Time To Raise Your Stake? Citigroup Upgrades Blackhawk Network Holdings (NASDAQ:HAWK) Shares

May 19, 2017 - By Richard Conner

  Finally Time To Raise Your Stake? Citigroup Upgrades Blackhawk Network Holdings (NASDAQ:HAWK) Shares

Blackhawk Network Holdings (NASDAQ:HAWK) Stock Upgrade

In an analyst report issued today, Citigroup raised shares of Blackhawk Network Holdings (NASDAQ:HAWK) to a solid “Buy” rating from their previous “Neutral” rating.

Blackhawk Network Holdings Inc (NASDAQ:HAWK) Ratings Coverage

Among 12 analysts covering Blackhawk Network Holdings (NASDAQ:HAWK), 7 have Buy rating, 0 Sell and 5 Hold. Therefore 58% are positive. Blackhawk Network Holdings has $58 highest and $30 lowest target. $47.43’s average target is 12.93% above currents $42 stock price. Blackhawk Network Holdings had 17 analyst reports since July 24, 2015 according to SRatingsIntel. The stock of Blackhawk Network Holdings Inc (NASDAQ:HAWK) earned “Buy” rating by Bank of America on Friday, July 22. The rating was downgraded by Credit Suisse to “Neutral” on Thursday, February 16. The rating was maintained by Argus Research on Wednesday, July 29 with “Buy”. On Wednesday, September 21 the stock rating was upgraded by CLSA to “Outperform”. The stock of Blackhawk Network Holdings Inc (NASDAQ:HAWK) earned “Neutral” rating by Citigroup on Tuesday, January 17. The company was initiated on Tuesday, December 1 by First Analysis. The rating was maintained by Deutsche Bank on Friday, December 11 with “Buy”. The stock of Blackhawk Network Holdings Inc (NASDAQ:HAWK) earned “Buy” rating by Deutsche Bank on Thursday, February 25. The stock of Blackhawk Network Holdings Inc (NASDAQ:HAWK) has “Neutral” rating given on Thursday, February 25 by Wedbush. The firm has “Neutral” rating by Bank of America given on Friday, October 7.

About 499,987 shares traded. Blackhawk Network Holdings Inc (NASDAQ:HAWK) has risen 6.00% since April 19, 2017 and is uptrending. It has by 0.00% the S&P500.

Analysts await Blackhawk Network Holdings Inc (NASDAQ:HAWK) to report earnings on July, 18. They expect $0.02 EPS, down 92.59 % or $0.25 from last year’s $0.27 per share. HAWK’s profit will be $1.12 million for 525.00 P/E if the $0.02 EPS becomes a reality. After $-0.08 actual EPS reported by Blackhawk Network Holdings Inc for the previous quarter, Wall Street now forecasts -125.00 % EPS growth.

Blackhawk Network Holdings, Inc. is a prepaid payment network. The company has market cap of $2.36 billion. The Firm operates through three divisions: U.S. It currently has negative earnings. Retail, International, and Incentives & Rewards.

More notable recent Blackhawk Network Holdings Inc (NASDAQ:HAWK) news were published by: Globenewswire.com which released: “Blackhawk Network Holdings, Inc. Announces Dates For First Quarter 2017 …” on April 18, 2017, also Prnewswire.com with their article: “Blackhawk Network Names Greg Brown, a Veteran Leader of High-Growth …” published on May 01, 2017, Seekingalpha.com published: “Blackhawk Network Holdings (HAWK) Q4 2016 Results – Earnings Call Transcript” on February 16, 2017. More interesting news about Blackhawk Network Holdings Inc (NASDAQ:HAWK) were released by: Seekingalpha.com and their article: “Blackhawk Network Holdings – Poised To Benefit From Activist Investors” published on December 21, 2016 as well as Prnewswire.com‘s news article titled: “San Francisco Business Times Names Blackhawk Network CEO and President …” with publication date: May 08, 2017.

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