HSBC Holdings PLC (NYSE:HSBC) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a report released on Monday, July 31st.
Other equities analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of HSBC Holdings PLC from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Berenberg Bank lowered shares of HSBC Holdings PLC from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. Finally, Morgan Stanley raised shares of HSBC Holdings PLC from an “equal weight” rating to an “overweight” rating in a report on Wednesday, June 28th. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. HSBC Holdings PLC has an average rating of “Hold” and an average target price of $36.67.
HSBC Holdings PLC (HSBC) traded up 0.2853% on Monday, reaching $47.3447. 1,156,161 shares of the company were exchanged. The stock has a market capitalization of $191.93 billion, a P/E ratio of 96.6218 and a beta of 0.89. HSBC Holdings PLC has a 12-month low of $35.35 and a 12-month high of $50.86. The company’s 50-day moving average price is $48.41 and its 200-day moving average price is $43.73.
HSBC Holdings PLC (NYSE:HSBC) last posted its earnings results on Monday, July 31st. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.08. HSBC Holdings PLC had a net margin of 1.42% and a return on equity of 2.08%. The firm had revenue of $13.17 billion during the quarter. Equities research analysts anticipate that HSBC Holdings PLC will post $2.95 earnings per share for the current fiscal year.
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Several hedge funds and other institutional investors have recently modified their holdings of the company. Enterprise Financial Services Corp boosted its position in shares of HSBC Holdings PLC by 0.6% in the second quarter. Enterprise Financial Services Corp now owns 3,442 shares of the financial services provider’s stock valued at $160,000 after buying an additional 19 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in HSBC Holdings PLC by 0.7% in the second quarter. Parkside Financial Bank & Trust now owns 5,960 shares of the financial services provider’s stock valued at $276,000 after buying an additional 40 shares during the period. UBS Asset Management Americas Inc. boosted its stake in HSBC Holdings PLC by 1.8% in the second quarter. UBS Asset Management Americas Inc. now owns 2,477 shares of the financial services provider’s stock valued at $115,000 after buying an additional 43 shares during the period. SOL Capital Management CO boosted its stake in HSBC Holdings PLC by 0.6% in the second quarter. SOL Capital Management CO now owns 7,393 shares of the financial services provider’s stock valued at $343,000 after buying an additional 46 shares during the period. Finally, LS Investment Advisors LLC boosted its stake in HSBC Holdings PLC by 2.6% in the second quarter. LS Investment Advisors LLC now owns 2,338 shares of the financial services provider’s stock valued at $108,000 after buying an additional 59 shares during the period. Hedge funds and other institutional investors own 2.26% of the company’s stock.
HSBC Holdings PLC Company Profile
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.
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