Bank of America (Merrill Lynch) downgraded Blackhawk Network Holdings (NASDAQ:HAWK) to Neutral in a statement released earlier today.
- Updated: October 7, 2016
Bank of America (Merrill Lynch) has downgraded Blackhawk Network Holdings (NASDAQ:HAWK) to Neutral in a report released on Friday October 07, 2016.
Yesterday Blackhawk Network Holdings (NASDAQ:HAWK) traded 2.09% higher at $31.71. The company’s 50-day moving average is $31.85 and its 200-day moving average is $33.18. The last stock close price is down -4.15% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 1,542,205 shares of Blackhawk Network Holdings exchanged hands, up from an avg. volume of 878,097
With a total market value of $0, Blackhawk Network Holdings has 52 week low of $28.88 and a 52 week high of $48.40 with a PE ratio of 78.71 .
In addition to Bank of America (Merrill Lynch) reporting its target price, a total of 10 analysts have issued a research note on the company. The average stock price target is $40.50 with 5 firms rating the stock a strong buy, four analysts rating the company a buy, three brokerages rating the company a hold, one analyst rating the company a underperform, and lastly 0 brokers rating the stock a sell.
Brief Synopsis About Blackhawk Network Holdings (NASDAQ:HAWK)
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. The US Retail segment consists of the various operating segments of the United States retail products, third-party online distribution channel and secondary card market and is engaged in sales of prepaid products to consumers through these channels. The International Retail segment consists of the various operating segments of its geographic regions and is engaged in sales of prepaid products to consumers at its international retail distribution partners. The Incentives & Rewards segment consists of the various operating segments, which offer prepaid cards, other products and related services to business clients for their consumer incentive and employee reward programs.
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