UBS Group reissued their neutral rating on shares of HSBC (NYSE:HSBC) in a report published on Friday, The Fly reports.
A number of other research analysts also recently weighed in on the company. Keefe, Bruyette & Woods downgraded HSBC from an outperform rating to an underperform rating in a research note on Wednesday, April 1st. Credit Suisse Group downgraded HSBC from an outperform rating to a neutral rating in a research note on Thursday, April 9th. They noted that the move was a valuation call. Citigroup raised HSBC from a sell rating to a neutral rating in a research report on Monday, March 16th. Jefferies Financial Group downgraded HSBC from a buy rating to a hold rating in a research report on Sunday, May 31st. Finally, Royal Bank of Canada reaffirmed an underperform rating on shares of HSBC in a research report on Tuesday, May 12th. Eight investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $42.00.
Shares of HSBC stock opened at $23.88 on Friday. The stock’s 50 day simple moving average is $24.14 and its 200 day simple moving average is $30.15. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.94 and a current ratio of 0.94. HSBC has a twelve month low of $22.67 and a twelve month high of $41.86. The company has a market capitalization of $97.26 billion, a price-to-earnings ratio of 26.53, a PEG ratio of 0.91 and a beta of 0.60.
HSBC (NYSE:HSBC) last issued its quarterly earnings data on Tuesday, April 28th. The financial services provider reported $0.45 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.22). HSBC had a net margin of 6.54% and a return on equity of 5.87%. The company had revenue of $13.33 billion during the quarter. On average, analysts forecast that HSBC will post 1.73 EPS for the current fiscal year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Orion Portfolio Solutions LLC bought a new stake in shares of HSBC during the fourth quarter valued at approximately $28,000. Verus Capital Partners LLC bought a new stake in shares of HSBC during the fourth quarter valued at approximately $33,000. Total Clarity Wealth Management Inc. bought a new stake in shares of HSBC during the fourth quarter valued at approximately $38,000. HHM Wealth Advisors LLC bought a new stake in shares of HSBC during the first quarter valued at approximately $39,000. Finally, RMR Wealth Builders bought a new stake in shares of HSBC during the fourth quarter valued at approximately $59,000. Institutional investors and hedge funds own 1.69% of the company’s stock.
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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