Hudson Technologies, Inc. (NASDAQ:HDSN) Receives $12.40 Consensus Target Price from Brokerages

Shares of Hudson Technologies, Inc. (NASDAQ:HDSN) have earned an average rating of “Moderate Buy” from the five analysts that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $12.40.

A number of research analysts have issued reports on HDSN shares. Roth Mkm decreased their target price on Hudson Technologies from $14.00 to $13.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. B. Riley lowered their target price on Hudson Technologies from $17.00 to $16.00 and set a “buy” rating for the company in a research note on Thursday, March 7th. Canaccord Genuity Group lowered shares of Hudson Technologies from a “buy” rating to a “hold” rating and cut their price target for the company from $15.00 to $10.00 in a research note on Thursday, May 2nd. Canaccord Genuity Group reissued a “hold” rating and set a $10.00 price objective (down previously from $15.00) on shares of Hudson Technologies in a research report on Thursday, May 2nd. Finally, Craig Hallum reduced their target price on shares of Hudson Technologies from $16.00 to $13.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd.

Hedge Funds Weigh In On Hudson Technologies

Several hedge funds have recently modified their holdings of HDSN. Tower Research Capital LLC TRC raised its stake in shares of Hudson Technologies by 417.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,954 shares of the industrial products company’s stock worth $94,000 after purchasing an additional 5,610 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in Hudson Technologies in the first quarter valued at $126,000. Arizona State Retirement System acquired a new stake in Hudson Technologies in the fourth quarter valued at $154,000. Paradice Investment Management LLC bought a new position in shares of Hudson Technologies in the 4th quarter valued at about $154,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Hudson Technologies in the 4th quarter valued at about $163,000. Institutional investors own 71.34% of the company’s stock.

Hudson Technologies Price Performance

Shares of HDSN stock opened at $9.21 on Thursday. The stock has a 50-day moving average of $11.15 and a 200-day moving average of $12.40. Hudson Technologies has a one year low of $7.56 and a one year high of $15.24. The stock has a market cap of $419.16 million, a PE ratio of 9.40, a price-to-earnings-growth ratio of 0.41 and a beta of 1.00.

Hudson Technologies (NASDAQ:HDSN) last posted its earnings results on Wednesday, May 1st. The industrial products company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.01. Hudson Technologies had a net margin of 16.70% and a return on equity of 22.00%. The company had revenue of $65.25 million for the quarter, compared to analyst estimates of $63.04 million. During the same period last year, the business posted $0.33 earnings per share. As a group, research analysts anticipate that Hudson Technologies will post 0.74 earnings per share for the current year.

Hudson Technologies Company Profile

Hudson Technologies, Inc, through its subsidiary, Hudson Technologies Company, engages in the provision of solutions to recurring problems within the refrigeration industry in the United States. The company engages in the sale of refrigerant and industrial gas; provision of refrigerant management services consisting primarily of reclamation of refrigerants, re-usable cylinder refurbishment, and hydrostatic testing services; and RefrigerantSide services comprising system decontamination and recovery to remove moisture, oils, and other contaminants.