Hudson (NYSE:HUD) Lifted to “C-” at TheStreet

TheStreet upgraded shares of Hudson (NYSE:HUD) from a d+ rating to a c- rating in a report issued on Thursday, TheStreetRatingsTable reports.

HUD has been the topic of several other reports. ValuEngine raised shares of Hudson from a hold rating to a buy rating in a research note on Wednesday, October 2nd. Zacks Investment Research lowered shares of Hudson from a hold rating to a sell rating in a report on Thursday, November 7th. Finally, Bank of America cut shares of Hudson from a neutral rating to an underperform rating and dropped their price objective for the stock from $14.00 to $10.00 in a research report on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. Hudson currently has a consensus rating of Hold and a consensus price target of $15.25.

Shares of NYSE HUD opened at $14.06 on Thursday. Hudson has a 12-month low of $10.33 and a 12-month high of $18.50. The firm’s 50-day simple moving average is $12.94 and its 200 day simple moving average is $12.79. The company has a quick ratio of 0.71, a current ratio of 1.06 and a debt-to-equity ratio of 2.15. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 16.94, a price-to-earnings-growth ratio of 7.25 and a beta of 0.94.

Hudson (NYSE:HUD) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.04). Hudson had a net margin of 0.57% and a return on equity of 8.65%. The company had revenue of $523.00 million during the quarter, compared to analyst estimates of $533.87 million. During the same quarter in the previous year, the business posted $0.29 EPS. The company’s revenue was down .7% compared to the same quarter last year. On average, equities analysts expect that Hudson will post 0.61 earnings per share for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings in Hudson by 31.5% in the second quarter. JPMorgan Chase & Co. now owns 3,473,202 shares of the company’s stock valued at $48,625,000 after acquiring an additional 831,574 shares during the last quarter. Nuveen Asset Management LLC acquired a new position in Hudson during the 2nd quarter valued at about $5,711,000. Eagle Asset Management Inc. bought a new position in shares of Hudson in the 2nd quarter valued at about $3,898,000. Renaissance Technologies LLC boosted its stake in shares of Hudson by 64.2% in the 2nd quarter. Renaissance Technologies LLC now owns 631,600 shares of the company’s stock valued at $8,710,000 after purchasing an additional 246,900 shares during the last quarter. Finally, Eaton Vance Management boosted its stake in shares of Hudson by 51.5% in the 2nd quarter. Eaton Vance Management now owns 421,906 shares of the company’s stock valued at $5,818,000 after purchasing an additional 143,443 shares during the last quarter. 41.98% of the stock is currently owned by institutional investors and hedge funds.

About Hudson

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.

Featured Article: What is the Fibonacci sequence?

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.