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Blackhawk Network Holdings HAWK (NYSE:HAWK) has been downgraded from Outperform to Mkt Perform in a statement by Raymond James earlier today.

Raymond James has downgraded Blackhawk Network Holdings HAWK (NYSE:HAWK) from Outperform to Mkt Perform in a statement released on Thursday October 12, 2017.

On 6/29/2017, BMO Capital Markets released a statement on Blackhawk Network Holdings HAWK (NYSE:HAWK) bumped up the target price from $40.00 to $50.00 that suggested an upside of 0.14%.

Boasting a price of $35.18, Blackhawk Network Holdings HAWK (NYSE:HAWK) traded -20.59% lower on the day. The last stock price is down -17.77% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.03% over the same time period. HAWK has recorded a 50-day moving average of $44.01 and a 200-day moving average of $42.68. 7,770,268 shares of HAWK traded hands, up from an average trading volume of 467,326

Recent Performance Chart

Blackhawk Network Holdings HAWK (NYSE:HAWK)

Blackhawk Network Holdings HAWK has 52 week low of $31.30 and a 52 week high of $46.70 and has a market capitalization of $0.

In addition to Raymond James reporting its stock price target, a total of 10 brokerages have issued a ratings update on the company. The average stock price target is $40.50 with 5 brokerages rating the stock a strong buy, 4 brokerages rating the stock a buy, 3 brokerages rating the stock a hold, 1 brokerage rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On Blackhawk Network Holdings HAWK (NYSE:HAWK)

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. Its Incentives & Rewards segment is engaged in the sale of prepaid products, software and services to its business clients. It distributes closed loop gift cards in categories, including digital media and e-commerce, dining, electronics, entertainment, fashion and travel. It distributes a range of prepaid wireless or cellular cards. It also provides reloads for reloadable prepaid products, including prepaid telecom accounts and general-purpose reloadable cards. Its incentives businesses provide software, consulting services, program management, reward processing and reward fulfillment to its business clients.

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