Hudson (HUD) Rating Lowered to Hold at Zacks Investment Research

Hudson (NYSE:HUD) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

According to Zacks, “Hudson Ltd. is a travel retailers primarily in North America. The Company is anchored by its iconic Hudson, Hudson News and Hudson Bookseller brands and operates duty-paid and duty-free stores primarily in airports, commuter terminals, hotels and tourist destinations. Hudson Ltd. is based in EAST RUTHERFORD, N.J. “

A number of other equities analysts have also weighed in on the stock. Bank of America started coverage on shares of Hudson in a research report on Monday, February 26th. They set a “buy” rating and a $19.00 target price for the company. Credit Suisse Group started coverage on shares of Hudson in a research report on Monday, February 26th. They set an “outperform” rating for the company. Morgan Stanley started coverage on shares of Hudson in a research report on Monday, February 26th. They set an “equal weight” rating and a $18.00 target price for the company. Goldman Sachs started coverage on shares of Hudson in a research report on Monday, February 26th. They set a “buy” rating and a $19.00 target price for the company. Finally, UBS started coverage on shares of Hudson in a research report on Monday, February 26th. They set a “buy” rating for the company. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $18.25.

Hudson opened at $17.50 on Wednesday, according to MarketBeat Ratings. The company has a quick ratio of 0.88, a current ratio of 1.50 and a debt-to-equity ratio of 0.85. Hudson has a 1-year low of $17.36 and a 1-year high of $17.81.

Hudson (NYSE:HUD) last issued its earnings results on Tuesday, May 8th. The company reported $0.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.04. The company had revenue of $426.80 million for the quarter, compared to the consensus estimate of $415.67 million. sell-side analysts anticipate that Hudson will post 0.76 EPS for the current year.

Large investors have recently modified their holdings of the stock. Quantitative Systematic Strategies LLC bought a new position in shares of Hudson during the first quarter worth $513,000. Point72 Asset Management L.P. purchased a new stake in Hudson during the first quarter valued at $31,978,000. American International Group Inc. purchased a new stake in Hudson during the first quarter valued at $405,000. Point72 Europe London LLP purchased a new stake in Hudson during the first quarter valued at $796,000. Finally, Interval Partners LP purchased a new stake in Hudson during the first quarter valued at $1,551,000. Hedge funds and other institutional investors own 7.79% of the company’s stock.

About Hudson

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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