Credit Suisse Group cut shares of Hudson (NYSE:HUD) from an outperform rating to a neutral rating in a research report sent to investors on Thursday, MarketBeat.com reports. Credit Suisse Group currently has $17.00 price target on the stock, down from their previous price target of $24.00.
Separately, Zacks Investment Research downgraded shares of Hudson from a strong-buy rating to a hold rating in a research report on Tuesday. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $19.40.
HUD stock traded up $0.68 on Thursday, hitting $14.82. The company had a trading volume of 504,761 shares, compared to its average volume of 903,833. Hudson has a 12-month low of $13.40 and a 12-month high of $23.22. The company has a current ratio of 1.74, a quick ratio of 1.11 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $1.36 billion and a P/E ratio of 33.68.
Hudson (NYSE:HUD) last issued its earnings results on Monday, November 5th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.11. Hudson had a negative net margin of 0.33% and a positive return on equity of 13.19%. The company had revenue of $526.60 million for the quarter, compared to analysts’ expectations of $529.50 million. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. As a group, equities analysts predict that Hudson will post 0.89 earnings per share for the current year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bamco Inc. NY raised its position in shares of Hudson by 1.4% during the 3rd quarter. Bamco Inc. NY now owns 3,000,000 shares of the company’s stock valued at $67,680,000 after purchasing an additional 40,000 shares during the period. BW Gestao de Investimentos Ltda. bought a new stake in shares of Hudson during the 3rd quarter valued at $485,000. Bank of New York Mellon Corp raised its position in shares of Hudson by 9.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 112,557 shares of the company’s stock valued at $1,969,000 after purchasing an additional 9,983 shares during the period. Clearbridge Investments LLC raised its position in shares of Hudson by 7,587.5% during the 3rd quarter. Clearbridge Investments LLC now owns 3,246,572 shares of the company’s stock valued at $73,243,000 after purchasing an additional 3,204,340 shares during the period. Finally, State of New Jersey Common Pension Fund D raised its position in shares of Hudson by 44.7% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 86,826 shares of the company’s stock valued at $1,959,000 after purchasing an additional 26,826 shares during the period. Institutional investors and hedge funds own 43.24% of the company’s stock.
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.
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