Brokerages Set HSBC Holdings plc (NYSE:HSBC) Price Target at $21.00


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HSBC Holdings plc (NYSE:HSBC) has been assigned an average rating of “Hold” from the eighteen research firms that are currently covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $21.00.

A number of research analysts recently issued reports on HSBC shares. UBS Group restated a “neutral” rating on shares of HSBC in a research report on Friday, March 5th. Barclays restated an “underweight” rating on shares of HSBC in a research report on Wednesday, February 24th. Credit Suisse Group upgraded HSBC from an “underperform” rating to a “neutral” rating in a research report on Monday, March 22nd. Royal Bank of Canada restated a “sector perform” rating on shares of HSBC in a research report on Tuesday. Finally, Morgan Stanley restated an “equal weight” rating on shares of HSBC in a research report on Wednesday, February 24th.

A number of hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its position in HSBC by 1.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 9,814,457 shares of the financial services provider’s stock worth $254,293,000 after acquiring an additional 150,490 shares during the period. Norges Bank bought a new stake in shares of HSBC in the 4th quarter worth $77,348,000. Morgan Stanley raised its stake in shares of HSBC by 12.0% in the 4th quarter. Morgan Stanley now owns 1,730,853 shares of the financial services provider’s stock worth $44,846,000 after buying an additional 185,622 shares in the last quarter. Aperio Group LLC raised its stake in shares of HSBC by 26.2% in the 4th quarter. Aperio Group LLC now owns 1,091,983 shares of the financial services provider’s stock worth $28,293,000 after buying an additional 226,372 shares in the last quarter. Finally, Segantii Capital Management Ltd raised its stake in shares of HSBC by 31.9% in the 4th quarter. Segantii Capital Management Ltd now owns 419,345 shares of the financial services provider’s stock worth $11,022,000 after buying an additional 101,447 shares in the last quarter. Institutional investors own 1.48% of the company’s stock.

Shares of HSBC opened at $29.74 on Monday. The firm has a market cap of $121.15 billion, a price-to-earnings ratio of -59.48, a PEG ratio of 0.63 and a beta of 0.61. The stock has a 50 day moving average of $29.72 and a 200-day moving average of $25.80. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.51. HSBC has a 52 week low of $17.95 and a 52 week high of $31.59.

HSBC (NYSE:HSBC) last issued its earnings results on Tuesday, February 23rd. The financial services provider reported $0.15 EPS for the quarter, topping the consensus estimate of $0.07 by $0.08. The company had revenue of $11.82 billion during the quarter. HSBC had a positive return on equity of 2.95% and a negative net margin of 4.18%. On average, sell-side analysts predict that HSBC will post 1.17 earnings per share for the current fiscal year.

The firm also recently declared an annual dividend, which will be paid on Thursday, April 29th. Shareholders of record on Friday, March 12th will be given a dividend of $0.745 per share. The ex-dividend date is Thursday, March 11th. This represents a yield of 2.45%. HSBC’s dividend payout ratio (DPR) is presently 19.23%.

HSBC Company Profile

HSBC Holdings plc provides banking and financial products and 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 products and services, such as current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services for ultra high net worth individuals; and wealth management services, including insurance and investment products, global asset management services, investment management, and private wealth solutions.

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Analyst Recommendations for HSBC (NYSE:HSBC)

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