HSBC (HSBC) Earns Buy Rating from Morgan Stanley

HSBC (NYSE:HSBC)‘s stock had its “buy” rating reiterated by equities researchers at Morgan Stanley in a report issued on Tuesday.

HSBC has been the topic of a number of other reports. BidaskClub cut shares of HSBC from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. UBS Group reaffirmed a “neutral” rating on shares of HSBC in a research report on Monday, December 11th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of HSBC in a research report on Friday, November 24th. Macquarie initiated coverage on shares of HSBC in a research report on Wednesday, November 29th. They set an “outperform” rating on the stock. Finally, Goldman Sachs Group reaffirmed a “neutral” rating on shares of HSBC in a research report on Tuesday, December 5th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company’s stock. HSBC has an average rating of “Hold” and an average price target of $31.50.

Shares of HSBC (HSBC) traded up $0.30 during mid-day trading on Tuesday, reaching $51.68. 1,414,235 shares of the company’s stock were exchanged, compared to its average volume of 2,220,000. The firm has a market capitalization of $203,800.00, a PE ratio of 37.72, a price-to-earnings-growth ratio of 2.34 and a beta of 0.90. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.30. HSBC has a 1 year low of $39.63 and a 1 year high of $55.89.

Several institutional investors and hedge funds have recently bought and sold shares of HSBC. UBS Asset Management Americas Inc. raised its stake in shares of HSBC by 1.8% during 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 purchasing an additional 43 shares during the period. Intl Fcstone Inc. purchased a new stake in shares of HSBC during the second quarter valued at approximately $213,000. Bogart Wealth LLC raised its stake in shares of HSBC by 29.3% during the second quarter. Bogart Wealth LLC now owns 38,127 shares of the financial services provider’s stock valued at $1,769,000 after purchasing an additional 8,645 shares during the period. Sit Investment Associates Inc. raised its stake in shares of HSBC by 1.8% during the third quarter. Sit Investment Associates Inc. now owns 76,590 shares of the financial services provider’s stock valued at $3,784,000 after purchasing an additional 1,350 shares during the period. Finally, Quantitative Systematic Strategies LLC purchased a new stake in shares of HSBC during the third quarter valued at approximately $221,000. Institutional investors own 2.26% 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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