Shares of HSBC Holdings plc (NYSE:HSBC) have been given an average recommendation of “Hold” by the fifteen ratings firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and four have given a buy recommendation to the company.
Several brokerages have weighed in on HSBC. ValuEngine cut shares of HSBC from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. JPMorgan Chase & Co. raised shares of HSBC from a “neutral” rating to an “overweight” rating in a research report on Tuesday, July 10th. Zacks Investment Research raised shares of HSBC from a “sell” rating to a “hold” rating in a research report on Monday, October 8th. DZ Bank reaffirmed a “sell” rating on shares of HSBC in a research report on Monday, August 6th. Finally, Keefe, Bruyette & Woods raised shares of HSBC from a “market perform” rating to an “outperform” rating in a research report on Tuesday, September 11th.
HSBC traded down $1.38 during trading on Thursday, hitting $40.15. 984,675 shares of the stock traded hands, compared to its average volume of 1,531,985. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.90 and a quick ratio of 0.96. HSBC has a 12-month low of $41.20 and a 12-month high of $55.89.
HSBC (NYSE:HSBC) last announced its quarterly earnings results on Monday, August 6th. The financial services provider reported $1.05 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.05. The firm had revenue of $13.58 billion for the quarter. On average, equities research analysts predict that HSBC will post 3.65 EPS for the current year.
Several large investors have recently bought and sold shares of the company. Legacy Financial Advisors Inc. bought a new position in shares of HSBC in the 2nd quarter worth about $129,000. Integrated Investment Consultants LLC bought a new position in shares of HSBC in the 2nd quarter worth about $131,000. First Hawaiian Bank bought a new position in shares of HSBC in the 3rd quarter worth about $168,000. Hilltop Holdings Inc. bought a new position in shares of HSBC in the 2nd quarter worth about $214,000. Finally, TRUE Private Wealth Advisors bought a new position in shares of HSBC in the 2nd quarter worth about $220,000. 2.56% of the stock is owned by hedge funds and other institutional investors.
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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