HSBC (NYSE:HSBC) Stock Rating Lowered by StockNews.com

HSBC (NYSE:HSBC) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Monday.

A number of other analysts also recently weighed in on HSBC. Deutsche Bank Aktiengesellschaft downgraded HSBC from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Royal Bank of Canada restated a “sector perform” rating on shares of HSBC in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold”.

HSBC Stock Down 0.1 %

Shares of HSBC opened at $60.27 on Monday. HSBC has a 52 week low of $36.93 and a 52 week high of $61.88. The stock has a market capitalization of $215.87 billion, a price-to-earnings ratio of 9.72, a PEG ratio of 1.05 and a beta of 0.54. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.96 and a current ratio of 0.88. The stock has a fifty day moving average of $52.68 and a 200-day moving average of $48.00.

HSBC (NYSE:HSBC) last announced its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.04. HSBC had a return on equity of 12.20% and a net margin of 16.17%. The company had revenue of $11.56 billion during the quarter, compared to analysts’ expectations of $13.79 billion. As a group, sell-side analysts anticipate that HSBC will post 6.66 earnings per share for the current fiscal year.

Institutional Trading of HSBC

A number of large investors have recently bought and sold shares of HSBC. Berbice Capital Management LLC acquired a new stake in HSBC during the 4th quarter worth about $25,000. Venturi Wealth Management LLC grew its holdings in HSBC by 58.2% during the 4th quarter. Venturi Wealth Management LLC now owns 571 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 210 shares during the period. CoreCap Advisors LLC grew its holdings in HSBC by 342.9% during the 4th quarter. CoreCap Advisors LLC now owns 589 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 456 shares during the period. Whipplewood Advisors LLC acquired a new stake in HSBC during the 4th quarter worth about $30,000. Finally, Larson Financial Group LLC grew its holdings in HSBC by 138.5% during the 3rd quarter. Larson Financial Group LLC now owns 775 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 450 shares during the period. 1.48% of the stock is currently owned by institutional investors and hedge funds.

About HSBC

HSBC Holdings plc provides banking and financial services worldwide. The company operates through Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets segments. The Wealth and Personal Banking segment offers retail banking and wealth products, including current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services; and wealth management services comprising insurance and investment products, global asset management services, investment management, and private wealth solutions.