ValuEngine lowered shares of HSBC (NYSE:HSBC) from a hold rating to a sell rating in a research note released on Monday, February 4th.
HSBC has been the subject of several other reports. Citigroup cut shares of HSBC from a neutral rating to a sell rating in a research report on Friday, January 4th. They noted that the move was a valuation call. Barclays cut shares of HSBC from an equal weight rating to an underweight rating in a research report on Tuesday, January 8th. Zacks Investment Research cut shares of HSBC from a hold rating to a sell rating in a research report on Tuesday, October 23rd. Edward Jones cut shares of HSBC from a hold rating to a sell rating in a research report on Wednesday, December 19th. Finally, Deutsche Bank cut shares of HSBC from a hold rating to a sell rating in a report on Monday, January 14th. Nine investment analysts have rated the stock with a sell rating and five have given a hold rating to the company. The stock currently has an average rating of Sell and an average target price of $43.80.
Shares of HSBC stock traded down $0.22 during trading hours on Monday, hitting $40.61. 2,006,407 shares of the company’s stock traded hands, compared to its average volume of 1,783,249. HSBC has a 12 month low of $38.23 and a 12 month high of $50.77. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.96 and a current ratio of 0.91. The company has a market capitalization of $162.25 billion, a P/E ratio of 12.89, a PEG ratio of 1.65 and a beta of 0.67.
Large investors have recently bought and sold shares of the business. Berman Capital Advisors LLC acquired a new position in shares of HSBC during the fourth quarter valued at about $29,000. CWM LLC grew its holdings in shares of HSBC by 53.8% during the fourth quarter. CWM LLC now owns 755 shares of the financial services provider’s stock valued at $31,000 after buying an additional 264 shares during the last quarter. Lavaca Capital LLC acquired a new position in shares of HSBC during the fourth quarter valued at about $44,000. Princeton Global Asset Management LLC acquired a new position in shares of HSBC during the fourth quarter valued at about $48,000. Finally, Cornerstone Advisors Inc. grew its holdings in shares of HSBC by 66.3% during the fourth quarter. Cornerstone Advisors Inc. now owns 1,465 shares of the financial services provider’s stock valued at $60,000 after buying an additional 584 shares during the last quarter. Institutional investors and hedge funds own 2.61% of the company’s stock.
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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