Shares of Hudson Ltd (NYSE:HUD) have been given an average rating of “Buy” by the seven ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $19.50.
A number of research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Hudson from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research report on Tuesday, August 7th. Morgan Stanley lifted their price target on shares of Hudson from $18.00 to $19.00 and gave the company an “equal weight” rating in a research report on Monday, August 6th.
Shares of NYSE HUD opened at $21.70 on Tuesday. Hudson has a 1 year low of $14.23 and a 1 year high of $23.22. The stock has a market cap of $2.09 billion and a P/E ratio of 49.32. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.64 and a quick ratio of 1.01.
Hudson (NYSE:HUD) last issued its quarterly earnings results on Friday, August 3rd. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.05. The business had revenue of $499.40 million for the quarter, compared to analysts’ expectations of $499.76 million. During the same period last year, the business earned $0.13 earnings per share. The company’s revenue was up 7.4% on a year-over-year basis. As a group, research analysts forecast that Hudson will post 0.79 earnings per share for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in HUD. Point72 Asset Management L.P. bought a new stake in Hudson during the 1st quarter valued at about $31,978,000. BlackRock Inc. bought a new stake in Hudson during the 1st quarter valued at about $29,890,000. Federated Investors Inc. PA bought a new stake in Hudson during the 2nd quarter valued at about $30,667,000. Scopus Asset Management L.P. bought a new stake in Hudson during the 1st quarter valued at about $17,740,000. Finally, Acadian Asset Management LLC bought a new stake in Hudson during the 2nd quarter valued at about $12,220,000. Institutional investors and hedge funds own 37.56% of the company’s stock.
Hudson Company Profile
Hudson Ltd. operates as a travel retail company in the United States and Canada. It operates travel essentials and convenience stores, bookstores, duty-free stores, proprietary and branded specialty stores, electronics stores, themed stores, and quick-service food and beverage outlets under proprietary and third-party brands.
Recommended Story: How can investors find ex-dividend dates?
Receive News & Ratings for Hudson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hudson and related companies with MarketBeat.com's FREE daily email newsletter.