Hudson Technologies, Inc. (HDSN) Receives $9.50 Consensus Target Price from Analysts
Hudson Technologies, Inc. (NASDAQ:HDSN) has earned an average rating of “Hold” from the six brokerages that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $9.50.
Several brokerages recently weighed in on HDSN. BidaskClub raised Hudson Technologies from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. Zacks Investment Research raised Hudson Technologies from a “sell” rating to a “hold” rating in a report on Friday, August 11th. Roth Capital set a $11.00 price target on Hudson Technologies and gave the stock a “buy” rating in a report on Thursday, October 5th. ValuEngine raised Hudson Technologies from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, B. Riley downgraded Hudson Technologies from a “buy” rating to a “neutral” rating and increased their price target for the stock from $8.50 to $10.00 in a report on Wednesday, August 9th.
A number of large investors have recently added to or reduced their stakes in the business. Mesirow Financial Investment Management Inc. purchased a new position in Hudson Technologies in the second quarter worth $571,000. California State Teachers Retirement System purchased a new position in Hudson Technologies in the second quarter worth $549,000. The Manufacturers Life Insurance Company raised its position in Hudson Technologies by 1,360.3% in the second quarter. The Manufacturers Life Insurance Company now owns 32,069 shares of the industrial products company’s stock worth $271,000 after acquiring an additional 29,873 shares in the last quarter. State Street Corp purchased a new position in Hudson Technologies in the second quarter worth $3,430,000. Finally, West Face Capital Inc. raised its position in Hudson Technologies by 8.3% in the second quarter. West Face Capital Inc. now owns 2,620,580 shares of the industrial products company’s stock worth $22,144,000 after acquiring an additional 200,000 shares in the last quarter. Hedge funds and other institutional investors own 75.66% of the company’s stock.
Hudson Technologies (NASDAQ:HDSN) traded down 0.67% during trading on Wednesday, hitting $5.96. 571,113 shares of the stock traded hands. The stock has a market cap of $248.16 million, a P/E ratio of 13.96 and a beta of 1.11. The firm’s 50-day moving average is $7.94 and its 200-day moving average is $8.03. Hudson Technologies has a 12 month low of $5.55 and a 12 month high of $10.40.
Hudson Technologies (NASDAQ:HDSN) last issued its quarterly earnings results on Wednesday, August 9th. The industrial products company reported $0.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.06. Hudson Technologies had a return on equity of 16.99% and a net margin of 12.80%. The firm had revenue of $52.23 million during the quarter, compared to the consensus estimate of $46.34 million. On average, analysts forecast that Hudson Technologies will post $0.32 EPS for the current year.
About Hudson Technologies
Hudson Technologies, Inc is a refrigerant services company. The Company’s products and services are primarily used in commercial air conditioning, industrial processing and refrigeration systems, and include refrigerant and industrial gas sales, refrigerant management services consisting primarily of reclamation of refrigerants and RefrigerantSide Services performed at a customer’s site, consisting of system decontamination to remove moisture, oils and other contaminants.
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