Morgan Stanley Reiterates “$16.00” Price Target for Hudson (NYSE:HUD)

Morgan Stanley set a $16.00 target price on Hudson (NYSE:HUD) in a research report report published on Wednesday morning, TipRanks reports. The brokerage currently has a hold rating on the stock.

A number of other equities research analysts also recently weighed in on HUD. Credit Suisse Group raised Hudson from a neutral rating to an outperform rating and raised their target price for the company from $17.00 to $19.00 in a report on Wednesday, May 1st. Zacks Investment Research raised Hudson from a sell rating to a hold rating in a report on Wednesday, May 15th.

Shares of HUD stock traded down $0.26 during trading hours on Wednesday, reaching $12.14. The company’s stock had a trading volume of 108,947 shares, compared to its average volume of 299,930. The company’s 50 day moving average is $13.70. The firm has a market capitalization of $1.21 billion, a P/E ratio of 14.63 and a beta of 0.76. Hudson has a fifty-two week low of $12.05 and a fifty-two week high of $23.22. The company has a quick ratio of 0.63, a current ratio of 1.05 and a debt-to-equity ratio of 2.19.

Hudson (NYSE:HUD) last issued its earnings results on Tuesday, July 30th. The company reported $0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.04). The business had revenue of $509.90 million during the quarter, compared to analyst estimates of $519.06 million. Hudson had a net margin of 1.47% and a return on equity of 12.30%. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.28 EPS. On average, research analysts expect that Hudson will post 0.66 EPS for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HUD. Clearbridge Investments LLC lifted its holdings in Hudson by 6.3% during the 1st quarter. Clearbridge Investments LLC now owns 3,681,545 shares of the company’s stock worth $50,621,000 after buying an additional 218,699 shares during the period. TimesSquare Capital Management LLC lifted its holdings in Hudson by 3.4% during the 2nd quarter. TimesSquare Capital Management LLC now owns 2,907,500 shares of the company’s stock worth $40,094,000 after buying an additional 96,800 shares during the period. American Century Companies Inc. acquired a new position in Hudson during the 4th quarter worth about $4,747,000. Bank of America Corp DE lifted its holdings in Hudson by 7.1% during the 4th quarter. Bank of America Corp DE now owns 155,422 shares of the company’s stock worth $2,666,000 after buying an additional 10,321 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Hudson by 17.6% during the 4th quarter. Geode Capital Management LLC now owns 137,745 shares of the company’s stock worth $2,362,000 after buying an additional 20,618 shares during the period. 41.73% of the stock is currently owned by institutional investors.

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.

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