HSBC (HSBC) Stock Rating Reaffirmed by JPMorgan Chase & Co.

HSBC (NYSE:HSBC)‘s stock had its “neutral” rating reissued by analysts at JPMorgan Chase & Co. in a report released on Monday.

Several other brokerages also recently commented on HSBC. BNP Paribas downgraded HSBC from an “outperform” rating to a “neutral” rating in a report on Wednesday, January 17th. ValuEngine upgraded HSBC from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Societe Generale downgraded HSBC from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. Santander upgraded HSBC from a “sell” rating to a “hold” rating in a report on Tuesday, February 6th. Finally, Morgan Stanley reiterated a “buy” rating on shares of HSBC in a report on Tuesday, February 13th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $31.50.

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HSBC stock opened at $49.44 on Monday. HSBC has a twelve month low of $39.63 and a twelve month high of $55.89. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $198,469.98, a P/E ratio of 35.31, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92.

Institutional investors have recently made changes to their positions in the company. Capital Bank & Trust Co grew its stake in shares of HSBC by 4.5% in the third quarter. Capital Bank & Trust Co now owns 64,654 shares of the financial services provider’s stock worth $3,195,000 after acquiring an additional 2,805 shares during the last quarter. Cambiar Investors LLC grew its stake in shares of HSBC by 0.7% in the fourth quarter. Cambiar Investors LLC now owns 4,552,865 shares of the financial services provider’s stock worth $235,110,000 after acquiring an additional 32,692 shares during the last quarter. Oppenheimer & Co. Inc. grew its stake in shares of HSBC by 13.1% in the fourth quarter. Oppenheimer & Co. Inc. now owns 21,562 shares of the financial services provider’s stock worth $1,114,000 after acquiring an additional 2,499 shares during the last quarter. Parametric Portfolio Associates LLC grew its stake in shares of HSBC by 12.7% in the third quarter. Parametric Portfolio Associates LLC now owns 2,338,801 shares of the financial services provider’s stock worth $115,560,000 after acquiring an additional 263,130 shares during the last quarter. Finally, Athos Capital Ltd acquired a new stake in shares of HSBC in the third quarter worth $1,973,000. Institutional investors and hedge funds own 2.41% of the company’s stock.

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About HSBC

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.

Analyst Recommendations for HSBC (NYSE:HSBC)

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