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HAWK

Blackhawk

$32.20

0.37 (1.16%)

14:49
10/11/16
10/11
14:49
10/11/16
14:49

Blackhawk Network options imply 12.3% move in share price post-earnings, above median historical move

Pre-earnings options volume in Blackhawk Network is 5.5x normal with puts leading calls 2:1. Implied volatility suggests the market is anticipating a move near 12.3%, or $3.90, after results are released. Median move over the past eight quarters is 6.0%.

  • 12

    Oct

  • 23

    Oct

HAWK Blackhawk
$32.20

0.37 (1.16%)

09/21/16
09/21/16
UPGRADE

Outperform
Blackhawk upgraded to Outperform on valuation at CLSA
As previously reported, CLSA upgraded Blackhawk to Outperform from Market Perform and raised its price target to $36 from $34. Analyst Tom McCrohan said the recent pullback in shares provides a buying opportunity and said his overall thesis of operating leverage, EMV and earnings quality remains unchanged.
10/07/16
BOFA
10/07/16
DOWNGRADE
Target $34
BOFA
Neutral
Blackhawk downgraded to Neutral from Buy at BofA/Merrill
BofA Merrill Lynch analyst David Chu downgraded Blackhawk to Neutral from Buy, stating that the firm's channel checks indicate that conversions to EMV, the new standard for chip-based debit/credit card transactions, are taking longer than expected, which he believes could impact Blackhawk's 2016 guidance and expectations for 2017. Chu cut his price target on Blackhawk shares to $34 from $41.
10/07/16
10/07/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Tyson Foods (TSN) downgraded to Sell from Hold at Pivotal Research with analyst Timothy Ramey citing the broiler price-fixing alleged in the class action complaint filed on September 2. 2. SolarEdge (SEDG) was downgraded to Sell from Neutral at Goldman while the firm also downgraded First Solar (FSLR) to Neutral from Buy. 3. CIT Group (CIT) downgraded to Hold from Buy at Stifel with analyst Christopher Brendler saying investors should sell into the rally that will result from the "impressive" price that the company received for its aircraft business and the approval of its capital plan by the Fed. 4. Fifth Third (FITB) downgraded to Hold from Buy at Jefferies with analyst Ken Usdin saying the shares are reasonably valued following the recent rally. 5. Blackhawk (HAWK) downgraded to Neutral from Buy at BofA/Merrill with analyst David Chu saying the firm's channel checks indicate that conversions to EMV, the new standard for chip-based debit/credit card transactions, are taking longer than expected, which he believes could impact Blackhawk's 2016 guidance and expectations for 2017. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/10/16
JEFF
10/10/16
NO CHANGE
Target $43
JEFF
Buy
Blackhawk recent selloff a buying opportunity, says Jefferies
Jefferies analyst Ramsey El-Assal recommends using the recent pullback in shares of Blackhawk Network as a buying opportunity. Revenue lost to chip cards should flow back into 2017, El-Assal tells investors in a research note. The analyst sees upside to the company's 2017 estimates and keeps a Buy rating on the shares with a $43 price target.

TODAY'S FREE FLY STORIES

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CE

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ZEN

Zendesk

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  • 08

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AIXG

Aixtron

$3.97

-0.05 (-1.24%)

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CX

CEMEX

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SRNE

Sorrento Therapeutics

$5.15

-0.1 (-1.90%)

17:30
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  • 06

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MBRX

Moleculin Biotech

$2.63

-0.14 (-5.05%)

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  • 06

    Dec

NEOG

Neogen

$61.59

-1.46 (-2.32%)

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RRC

Range Resources

$36.36

-0.23 (-0.63%)

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EOG

EOG Resources

$103.74

-1.01 (-0.96%)

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  • 13

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HMST

HomeStreet

$29.35

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UMBF

UMB Financial

$77.00

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, IM

Ingram Micro

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IM

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GMED

Globus Medical

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AIXG

Aixtron

$3.97

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DB

Deutsche Bank

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-0.32 (-1.99%)

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  • 10

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ALB

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  • 16

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FOR

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FANG

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OSIR

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STOR

STORE Capital

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CARB

Carbonite

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GIB

CGI Group

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