HSBC (NYSE:HSBC) Rating Reiterated by Barclays


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HSBC (NYSE:HSBC)‘s stock had its “underweight” rating restated by stock analysts at Barclays in a report released on Tuesday, The Fly reports.

HSBC has been the topic of a number of other research reports. BidaskClub downgraded HSBC from a “buy” rating to a “hold” rating in a research report on Tuesday, December 8th. ValuEngine upgraded HSBC from a “sell” rating to a “hold” rating in a report on Tuesday, December 1st. UBS Group reiterated a “neutral” rating on shares of HSBC in a report on Wednesday, October 28th. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of HSBC in a report on Wednesday, December 2nd. Finally, JPMorgan Chase & Co. reiterated a “sell” rating on shares of HSBC in a report on Monday, November 23rd. Six analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company’s stock. HSBC presently has an average rating of “Hold” and a consensus target price of $31.50.

Shares of HSBC stock opened at $27.42 on Tuesday. HSBC has a one year low of $17.95 and a one year high of $38.85. The company has a market cap of $111.70 billion, a price-to-earnings ratio of -54.84, a PEG ratio of 0.93 and a beta of 0.61. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.94 and a current ratio of 0.94. The business’s 50 day moving average price is $26.77 and its 200 day moving average price is $23.14.

HSBC (NYSE:HSBC) last announced its quarterly earnings data on Tuesday, October 27th. The financial services provider reported $0.35 EPS for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.05). HSBC had a positive return on equity of 2.95% and a negative net margin of 4.18%. The company had revenue of $12.07 billion for the quarter, compared to analysts’ expectations of $12.72 billion. On average, analysts predict that HSBC will post 1.43 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in shares of HSBC by 11.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,718,952 shares of the financial services provider’s stock valued at $130,348,000 after purchasing an additional 712,241 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in HSBC in the 3rd quarter worth $1,521,000. Envestnet Asset Management Inc. lifted its stake in HSBC by 326.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 94,019 shares of the financial services provider’s stock worth $1,841,000 after purchasing an additional 71,984 shares in the last quarter. SG Americas Securities LLC lifted its stake in HSBC by 21.8% in the 3rd quarter. SG Americas Securities LLC now owns 288,980 shares of the financial services provider’s stock worth $5,658,000 after purchasing an additional 51,665 shares in the last quarter. Finally, Pacer Advisors Inc. purchased a new stake in HSBC in the 3rd quarter worth $820,000. 1.40% of the stock is owned by institutional investors.

HSBC Company Profile

HSBC Holdings plc provides banking and financial products and services worldwide. 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, such as current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services; and wealth management services, including insurance and investment products, global asset management services, and financial planning services.

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Analyst Recommendations for HSBC (NYSE:HSBC)

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