HSBC (NYSE: HSBC) recently received a number of ratings updates from brokerages and research firms:

  • 9/20/2018 – HSBC was upgraded by analysts at Credit Suisse Group AG from an “underperform” rating to a “neutral” rating.
  • 9/18/2018 – HSBC was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shares of HSBC have underperformed the industry on the NYSE in the past three months. The company's efforts to increase its exposure in emerging markets will likely lead to higher costs that are likely to hurt its bottom-line in the near-term. Further, dismal European economic growth, weak loan demand and Brexit-related concerns are expected to continue leading to muted revenues. Nonetheless, the company is expected to continue benefitting from its extensive global network and solid asset growth.”
  • 9/12/2018 – HSBC was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shares of HSBC have underperformed the industry on the NYSE in the past three months. While the company is expected to continue benefitting from its extensive global network and solid asset growth, its efforts to increase exposure in emerging markets will likely lead to elevated expenses. Thus, higher costs will hurt the company’s bottom-line in the near-term. Also, dismal European economic growth, weak loan demand and Brexit-related concerns are expected to continue leading to muted revenues. Further, litigation and regulatory issues might hamper the company's financials and hence remain a major concern.”
  • 9/11/2018 – HSBC was upgraded by analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating.
  • 9/10/2018 – HSBC was downgraded by analysts at Societe Generale from a “buy” rating to a “hold” rating.
  • 9/6/2018 – HSBC was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Shares of HSBC have outperformed the industry on the NYSE in the past six months. The company is expected to continue benefitting from its extensive global network and solid asset growth. Also, the company’s capital deployment plan reflects strong balance sheet position. While the bank is undertaking efforts to increase its exposure in emerging markets, such moves will likely lead to higher costs that are likely to hurt the company’s bottom-line in the near-term. Further, dismal European economic growth, weak loan demand and Brexit-related concerns are expected to lead to muted revenues.”
  • 8/28/2018 – HSBC was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Shares of HSBC have underperformed the industry on the NYSE in the past three months. The company’s second-quarter 2018 results were hurt by higher operating expenses, partly offset by rise in revenues. Dismal European economic growth and weak loan demand are expected to lead to muted revenue growth in the near term. Also, expenses are expected to continue increasing as the bank focuses on improving its market share in China and the U.K. Higher costs will likely hurt its bottom-line growth in the future. Nevertheless, the company is expected to continue to benefit from its extensive global network and solid asset growth. Further, given a solid capital position, it is expected to continue enhancing shareholder value through efficient capital deployment activities.”
  • 8/20/2018 – HSBC was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Shares of HSBC have underperformed the industry on the NYSE in the past three months. The company’s second-quarter 2018 results were hurt by higher operating expenses, partly offset by rise in revenues. Dismal European economic growth and weak loan demand are expected to lead to muted revenue growth in the near term. Nonetheless, the company is expected to continue to benefit from its extensive global network and solid asset growth. Also, the company’s enhanced capital deployment plan reflects strong balance sheet position. The company is trying to increase its exposure in emerging markets, which will enhance its competitive advantage. However, such move will lead to higher costs which are likely to hurt the company’s bottom-line growth in future.”
  • 8/6/2018 – HSBC had its “sell” rating reaffirmed by analysts at DZ Bank AG.

NYSE HSBC opened at $44.88 on Friday. The company has a market capitalization of $179.48 billion, a PE ratio of 22.49, a PEG ratio of 2.04 and a beta of 0.80. HSBC Holdings plc has a 1-year low of $42.46 and a 1-year high of $55.89. The company has a current ratio of 0.90, a quick ratio of 0.96 and a debt-to-equity ratio of 0.55.

HSBC (NYSE:HSBC) last announced its quarterly earnings data on Monday, August 6th. The financial services provider reported $1.05 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.05. The company had revenue of $13.58 billion for the quarter. research analysts predict that HSBC Holdings plc will post 3.65 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in HSBC. Fisher Asset Management LLC increased its stake in HSBC by 3.7% during the second quarter. Fisher Asset Management LLC now owns 15,263,372 shares of the financial services provider’s stock worth $719,515,000 after acquiring an additional 547,544 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in HSBC by 0.5% during the second quarter. Dimensional Fund Advisors LP now owns 12,338,821 shares of the financial services provider’s stock worth $581,652,000 after acquiring an additional 63,409 shares during the last quarter. Northern Trust Corp increased its stake in HSBC by 4.1% during the second quarter. Northern Trust Corp now owns 4,367,607 shares of the financial services provider’s stock worth $205,888,000 after acquiring an additional 173,934 shares during the last quarter. Oppenheimer Asset Management Inc. increased its stake in HSBC by 0.5% during the second quarter. Oppenheimer Asset Management Inc. now owns 358,773 shares of the financial services provider’s stock worth $16,913,000 after acquiring an additional 1,757 shares during the last quarter. Finally, Capital Advisors Inc. OK increased its stake in HSBC by 0.8% during the second quarter. Capital Advisors Inc. OK now owns 281,551 shares of the financial services provider’s stock worth $13,272,000 after acquiring an additional 2,280 shares during the last quarter. Hedge funds and other institutional investors own 2.56% of the company’s stock.

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.

Read More: Fiduciary

Receive News & Ratings for HSBC Holdings plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HSBC Holdings plc and related companies with MarketBeat.com's FREE daily email newsletter.