National Bank Financial Reviews in on Hudson’s Bay Co’s FY2017 Revenue (HBC)

National Bank Financial Reviews in on Hudson’s Bay Co’s FY2017 Revenue (HBC)

Hudson's Bay Co (TSE:HBC) – Stock analysts at National Bank Financial lowered their FY2017 earnings estimates for shares of Hudson's Bay Co in a report issued on Tuesday. National Bank Financial analyst V. Shreedhar now anticipates that the firm will post earnings per share of ($1.10) for the year, down from their prior forecast of ($1.06). National Bank Financial currently has a “Sector Perform” rating and a $15.00 price target on the stock. National Bank Financial also issued estimates for Hudson's Bay Co’s Q1 2018 earnings at ($0.64) EPS, Q2 2018 earnings at ($0.60) EPS and FY2018 earnings at ($0.95) EPS.

HBC has been the topic of a number of other reports. TD Securities downgraded Hudson's Bay Co from a “buy” rating to a “hold” rating and cut their price target for the company from C$26.00 to C$13.00 in a report on Tuesday, January 10th. Scotiabank restated a “sector perform” rating and set a C$14.50 target price on shares of Hudson's Bay Co in a research note on Friday, February 24th. Royal Bank of Canada downgraded Hudson's Bay Co from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from C$18.00 to C$12.00 in a research note on Wednesday, January 11th. CIBC dropped their target price on Hudson's Bay Co from C$20.00 to C$18.00 in a research note on Wednesday, December 7th. Finally, Cowen and Company dropped their target price on Hudson's Bay Co from C$20.00 to C$19.00 and set an “outperform” rating on the stock in a research note on Monday, December 5th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of C$14.33.

Shares of Hudson's Bay Co (TSE:HBC) opened at 10.81 on Friday. The firm has a 50-day moving average price of $11.45 and a 200-day moving average price of $13.52. Hudson's Bay Co has a 12 month low of $8.97 and a 12 month high of $19.69. The stock’s market cap is $1.97 billion.

About Hudson's Bay Co

Hudson’s Bay Company (HBC) is a Canada-based department store retailer. The Company is an operator and a consolidator, as well as a real estate developer. The Company’s retail portfolio includes approximately 10 banners, in formats ranging from luxury to better department stores to off price fashion shopping destinations, with over 460 stores.

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