Shares of HSBC Holdings plc (NYSE:HSBC) have earned an average recommendation of “Sell” from the fourteen research firms that are covering the firm, Marketbeat reports. Nine investment analysts have rated the stock with a sell rating and five have given a hold rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $40.59.
Several research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of HSBC from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 11th. ValuEngine upgraded shares of HSBC from a “sell” rating to a “hold” rating in a research report on Tuesday, December 25th. Credit Suisse Group reiterated a “hold” rating on shares of HSBC in a research report on Friday, February 22nd. JPMorgan Chase & Co. reiterated a “sell” rating on shares of HSBC in a research report on Friday, March 8th. Finally, Keefe, Bruyette & Woods downgraded shares of HSBC from an “outperform” rating to a “market perform” rating in a research report on Friday, January 25th.
Shares of NYSE:HSBC traded down $0.57 on Friday, hitting $40.50. The stock had a trading volume of 1,777,077 shares, compared to its average volume of 1,947,196. HSBC has a twelve month low of $38.23 and a twelve month high of $50.77. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market capitalization of $162.21 billion, a PE ratio of 12.86, a P/E/G ratio of 1.62 and a beta of 0.65.
HSBC (NYSE:HSBC) last issued its earnings results on Tuesday, February 19th. The financial services provider reported $0.40 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.95 by ($0.55). The firm had revenue of $12.56 billion for the quarter, compared to the consensus estimate of $13.90 billion. On average, analysts forecast that HSBC will post 3.71 EPS for the current year.
Large investors have recently made changes to their positions in the business. Berman Capital Advisors LLC bought a new stake in HSBC during the 4th quarter worth about $29,000. CWM LLC raised its holdings in HSBC by 53.8% during the 4th quarter. CWM LLC now owns 755 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 264 shares during the last quarter. Lavaca Capital LLC bought a new stake in HSBC during the 4th quarter worth about $44,000. Princeton Global Asset Management LLC bought a new stake in HSBC during the 4th quarter worth about $48,000. Finally, Cornerstone Advisors Inc. raised its holdings in HSBC by 66.3% during the 4th quarter. Cornerstone Advisors Inc. now owns 1,465 shares of the financial services provider’s stock worth $60,000 after purchasing an additional 584 shares during the last quarter. 2.51% of the stock is owned by hedge funds and other institutional investors.
HSBC Holdings plc provides banking and financial products and services. The company operates through Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking segments. The Retail Banking and Wealth Management segment offers personal banking products and services, mortgages and loans, credit cards, insurance and investment products, savings products, international services, and wealth solutions and financial planning services, as well as telephone, Internet, and mobile banking services.
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