Hudson Ltd (HUD) Given Average Rating of “Buy” by Brokerages
Hudson Ltd (NYSE:HUD) has been given a consensus recommendation of “Buy” by the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $19.50.
A number of research analysts recently commented 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 report on Tuesday, August 7th. Morgan Stanley increased their price target on shares of Hudson from $18.00 to $19.00 and gave the company an “equal weight” rating in a report on Monday, August 6th.
Shares of NYSE:HUD opened at $22.49 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.64 and a debt-to-equity ratio of 0.82. Hudson has a 12 month low of $14.23 and a 12 month high of $22.75. The stock has a market capitalization of $2.06 billion and a P/E ratio of 51.11.
Large investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA bought a new position in shares of Hudson in the 1st quarter valued at about $122,000. Macquarie Group Ltd. bought a new stake in Hudson in the second quarter worth about $154,000. California Public Employees Retirement System bought a new stake in Hudson in the first quarter worth about $159,000. UBS Group AG bought a new stake in Hudson in the first quarter worth about $176,000. Finally, Barclays PLC bought a new stake in Hudson in the first quarter worth about $200,000. 37.57% of the stock is owned by hedge funds and other institutional investors.
Hudson Ltd. operates as a duty-paid and duty-free travel retail company. 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.
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