Hudson Ltd (HUD) Receives Consensus Rating of “Buy” from Brokerages
Hudson Ltd (NYSE:HUD) has earned a consensus rating of “Buy” from the seven research firms that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $19.50.
Several equities analysts have weighed in on HUD shares. Zacks Investment Research cut shares of Hudson from a “buy” rating to a “hold” rating in a research report on Wednesday, May 16th. Morgan Stanley lifted their price objective on shares of Hudson from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Monday, August 6th.
Several institutional investors have recently bought and sold shares of the company. Rhumbline Advisers grew its holdings in shares of Hudson by 8.6% during the 2nd quarter. Rhumbline Advisers now owns 38,287 shares of the company’s stock valued at $670,000 after acquiring an additional 3,037 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Hudson by 6.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 73,200 shares of the company’s stock valued at $1,281,000 after acquiring an additional 4,600 shares in the last quarter. California Public Employees Retirement System grew its holdings in shares of Hudson by 61.6% during the 2nd quarter. California Public Employees Retirement System now owns 16,157 shares of the company’s stock valued at $283,000 after acquiring an additional 6,157 shares in the last quarter. Marshall Wace LLP grew its holdings in shares of Hudson by 31.3% during the 2nd quarter. Marshall Wace LLP now owns 27,572 shares of the company’s stock valued at $482,000 after acquiring an additional 6,578 shares in the last quarter. Finally, BNP Paribas Arbitrage SA purchased a new position in shares of Hudson during the 1st quarter valued at $122,000. Institutional investors and hedge funds own 39.12% of the company’s stock.
Hudson (NYSE:HUD) last posted its quarterly earnings data on Friday, August 3rd. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.05. The firm had revenue of $499.40 million for the quarter, compared to analysts’ expectations of $499.76 million. During the same quarter in the previous year, the firm posted $0.13 earnings per share. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. research analysts forecast that Hudson will post 0.79 EPS for the current fiscal year.
Hudson Company Profile
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.
Featured Article: Are Wall Street analysts’ stock ratings worth following?
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.