HSBC Holdings plc (NYSE:HSBC) has been assigned an average recommendation of “Hold” from the twelve analysts that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $9.00.

A number of research analysts have commented on HSBC shares. Goldman Sachs Group reiterated a “neutral” rating on shares of HSBC in a research note on Tuesday, December 5th. Macquarie started coverage on shares of HSBC in a research note on Wednesday, November 29th. They set an “outperform” rating on the stock. UBS Group reiterated a “neutral” rating on shares of HSBC in a research note on Wednesday, November 29th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of HSBC in a research note on Friday, November 24th. Finally, BidaskClub upgraded shares of HSBC from a “sell” rating to a “hold” rating in a research note on Saturday, November 11th.

Several institutional investors have recently bought and sold shares of the company. Strategic Advisors LLC lifted its position in shares of HSBC by 2.2% in the 4th quarter. Strategic Advisors LLC now owns 142,035 shares of the financial services provider’s stock worth $5,537,000 after buying an additional 3,000 shares during the last quarter. Sit Investment Associates Inc. lifted its position in shares of HSBC by 3.5% in the 4th quarter. Sit Investment Associates Inc. now owns 79,290 shares of the financial services provider’s stock worth $4,095,000 after buying an additional 2,700 shares during the last quarter. Atlantic Trust Group LLC bought a new position in shares of HSBC in the 3rd quarter worth about $2,224,000. Parametric Portfolio Associates LLC lifted its position in shares of HSBC by 12.7% in 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 last quarter. Finally, Fieldpoint Private Securities LLC acquired a new stake in shares of HSBC in the 3rd quarter worth about $127,000. Institutional investors own 2.24% of the company’s stock.

HSBC (NYSE HSBC) traded up $0.53 on Tuesday, reaching $54.83. 2,119,700 shares of the company were exchanged, compared to its average volume of 1,980,744. The firm has a market cap of $216,690.00, a price-to-earnings ratio of 40.02, a price-to-earnings-growth ratio of 2.64 and a beta of 0.93. HSBC has a 1-year low of $39.63 and a 1-year high of $54.88. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.94 and a current ratio of 0.94.

HSBC (NYSE:HSBC) last released its quarterly earnings results on Monday, October 30th. The financial services provider reported $0.75 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.95 by ($0.20). analysts forecast that HSBC will post 3.07 earnings per share for the current year.

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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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