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04-Feb-2018
HSBC (HSBC) Raised to Buy at ValuEngine
Stock Observer.com
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HSBC (NYSE:HSBC) was upgraded by equities research analysts at ValuEngine from a
“hold” rating to a “buy” rating in a report issued on Friday.
Other analysts also recently issued research reports about the company. BNP Paribas
downgraded HSBC from an “outperform” rating to a “neutral” rating in a research note on
Wednesday, January 17th. Goldman Sachs Group reiterated a “neutral” rating on shares of
HSBC in a research report on Tuesday, December 5th. Macquarie initiated coverage on
HSBC in a research report on Wednesday, November 29th. They issued an “outperform”
rating for the company. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of
HSBC in a research report on Friday, November 24th. Finally, BidaskClub upgraded HSBC
from a “sell” rating to a “hold” rating in a research report on Saturday, November 11th. One
investment analyst has rated the stock with a sell rating, eight have issued a hold rating and
four have issued a buy rating to the company’s stock. The stock currently has an average
rating of “Hold” and a consensus price target of $31.50. Shares of HSBC (HSBC) opened at
$53.29 on Friday. HSBC has a 52 week low of $39.63 and a 52 week high of $55.89. The
firm has a market capitalization of $213,111.47, a P/E ratio of 38.06, a P/E/G ratio of 2.43
and a beta of 0.90. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.94 and
a current ratio of 0.94. Several hedge funds have recently made changes to their positions
in the business. Harding Loevner LP lifted its position in shares of HSBC by 4,384.0%
during the 3rd quarter. Harding Loevner LP now owns 98,112,785 shares of the financial
services provider’s stock worth $17,392,000 after buying an additional 95,924,743 shares
during the period. Miller Howard Investments Inc. NY bought a new position in shares of
HSBC during the 4th quarter worth approximately $74,026,000. Fisher Asset Management
LLC lifted its position in shares of HSBC by 3.0% during the 4th quarter. Fisher Asset
Management LLC now owns 14,236,686 shares of the financial services provider’s stock
worth $735,182,000 after buying an additional 411,768 shares during the period. Crossmark
Global Holdings Inc. bought a new position in shares of HSBC during the 3rd quarter worth
approximately $19,699,000. Finally, Parametric Portfolio Associates LLC lifted its position in
shares of HSBC by 12.7% during the 3rd quarter. Parametric Portfolio Associates LLC now
owns 2,338,801 shares of the financial services provider’s stock worth $115,560,000 after
buying an additional 263,130 shares during the period. Institutional investors own 2.23% of
the company’s stock. TRADEMARK VIOLATION WARNING: “” was first published by Stock
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HSBC 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.
To view ValuEngine’s full report, visit ValuEngine’s official website.