HSBC (NYSE:HSBC)‘s stock had its “buy” rating restated by investment analysts at Morgan Stanley in a note issued to investors on Tuesday.

A number of other analysts also recently weighed in on HSBC. BidaskClub downgraded shares of HSBC from a “hold” rating to a “sell” rating in a report on Wednesday, November 1st. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of HSBC in a report on Friday, November 24th. UBS Group reaffirmed a “neutral” rating on shares of HSBC in a report on Wednesday, November 29th. Macquarie initiated coverage on shares of HSBC in a report on Wednesday, November 29th. They set an “outperform” rating for the company. Finally, Goldman Sachs Group reaffirmed a “neutral” rating on shares of HSBC in a report on Tuesday, December 5th. One analyst has rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the stock. HSBC currently has a consensus rating of “Hold” and an average target price of $31.50.

Shares of HSBC (NYSE HSBC) traded up $0.22 during trading on Tuesday, hitting $51.60. 300,446 shares of the stock were exchanged, compared to its average volume of 2,156,759. HSBC has a 12 month low of $39.63 and a 12 month high of $55.89. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market cap of $205,513.19, a P/E ratio of 36.84, a PEG ratio of 2.34 and a beta of 0.90.

A number of large investors have recently modified their holdings of HSBC. Harding Loevner LP lifted its stake in HSBC by 4,384.0% in the 3rd quarter. Harding Loevner LP now owns 98,112,785 shares of the financial services provider’s stock valued at $17,392,000 after purchasing an additional 95,924,743 shares during the last quarter. Miller Howard Investments Inc. NY bought a new position in HSBC in the 4th quarter valued at approximately $74,026,000. Fisher Asset Management LLC lifted its stake in HSBC by 3.0% in the 4th quarter. Fisher Asset Management LLC now owns 14,236,686 shares of the financial services provider’s stock valued at $735,182,000 after purchasing an additional 411,768 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in HSBC in the 3rd quarter valued at approximately $19,699,000. Finally, Parametric Portfolio Associates LLC lifted its stake in HSBC by 12.7% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 2,338,801 shares of the financial services provider’s stock valued at $115,560,000 after purchasing an additional 263,130 shares during the last quarter. 2.26% of the stock is owned by institutional investors and hedge funds.

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About HSBC

HSBC Holdings plc (HSBC) is the banking and financial services company. The Company manages its products and services through four businesses: Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB). It operates across various geographical regions, which include Europe, Asia, Middle East and North Africa, North America and Latin America.

Analyst Recommendations for HSBC (NYSE:HSBC)

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