Reaffirmed: Blackhawk Network (NASDAQ:HAWK) Buy Rating Maintained by research analysts Deutsche Bank; $54.0 Target in Place

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Blackhawk Network (NASDAQ:HAWK) Rating Reaffirmed

The equities firm has just set a target price per share of $54.0 on Blackhawk Network (NASDAQ:HAWK) shares. This is 16.48% from the stock close price. In a very recent research note issued to investors and clients on Friday morning, Deutsche Bank has decided to restate their Buy rating on shares of HAWK.

From a total of 10 analysts covering Blackhawk Network Holdings (NASDAQ:HAWK) stock, 7 rate it a ”Buy”, 1 a “Sell”, and 4 a ”Hold”. This means that 58% of the ratings are positive. The highest target price is $58 while the lowest target price is $38. The mean of all analyst targets is $48.4 with a 13.10% above today’s ($46.64) stock price. Blackhawk Network Holdings was the topic of 4 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. First Analysis initiated shares on December 1 with “Overweight” rating.

Approximately 276,957 shares of stock traded hands. Blackhawk Network Holdings Inc (NASDAQ:HAWK) has risen 28.78% since May 8, 2015 and is uptrending. It has outperformed by 31.80% the S&P500.

Blackhawk Network Holdings, Inc. is a prepaid payment network. The company has a market cap of $2.54 billion. The Firm offers a range of prepaid gift, telecom and debit cards, in physical and electronic forms, and related prepaid products and payment services in the United States and 21 other countries. It has 55.39 P/E ratio. It operates in two divisions: US Retail and Incentives & Rewards, and International Retail.

According to Zacks Investment Research, “Blackhawk Network Holdings, Inc. is a provider of prepaid and financial payments products for consumers and businesses. The company distributes gift cards, prepaid handsets and prepaid financial services products. Blackhawk Network Holdings, Inc. is headquartered in Pleasanton, California.” Get a free copy of the Zacks research report on Blackhawk Network Holdings Inc (HAWK).

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