ValuEngine cut shares of HSBC (NYSE:HSBC) from a strong-buy rating to a buy rating in a research note published on Tuesday, April 3rd.
A number of other equities analysts have also recently issued reports on the company. JPMorgan Chase reiterated a neutral rating on shares of HSBC in a report on Monday, March 19th. Societe Generale cut HSBC from a buy rating to a hold rating in a report on Wednesday, February 21st. Morgan Stanley reiterated a buy rating on shares of HSBC in a report on Tuesday, February 13th. Deutsche Bank reiterated a neutral rating on shares of HSBC in a report on Friday, February 9th. Finally, Santander upgraded HSBC from a sell rating to a hold rating in a report on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $31.50.
Shares of HSBC stock traded up $0.21 during trading hours on Tuesday, hitting $49.31. 843,270 shares of the company were exchanged, compared to its average volume of 1,970,821. HSBC has a fifty-two week low of $39.63 and a fifty-two week high of $55.89. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.43. The company has a market cap of $193,707.36, a price-to-earnings ratio of 47.38, a price-to-earnings-growth ratio of 2.16 and a beta of 0.96.
A number of large investors have recently modified their holdings of HSBC. Athos Capital Ltd bought a new position in HSBC during the 3rd quarter valued at $1,973,000. Eagle Asset Management Inc. lifted its stake in HSBC by 15.7% during the 3rd quarter. Eagle Asset Management Inc. now owns 10,947 shares of the financial services provider’s stock valued at $537,000 after acquiring an additional 1,489 shares in the last quarter. Brown Advisory Inc. lifted its stake in HSBC by 2.2% during the 3rd quarter. Brown Advisory Inc. now owns 108,439 shares of the financial services provider’s stock valued at $5,358,000 after acquiring an additional 2,350 shares in the last quarter. First Republic Investment Management Inc. lifted its stake in HSBC by 9.0% during the 3rd quarter. First Republic Investment Management Inc. now owns 128,252 shares of the financial services provider’s stock valued at $6,336,000 after acquiring an additional 10,587 shares in the last quarter. Finally, Capital Bank & Trust Co lifted its stake in HSBC by 4.5% during the 3rd quarter. Capital Bank & Trust Co now owns 64,654 shares of the financial services provider’s stock valued at $3,195,000 after acquiring an additional 2,805 shares in the last quarter. Institutional investors and hedge funds own 2.41% of the company’s stock.
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HSBC Company Profile
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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