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HSBC Holdings plc (NYSE:HSBC) Stock Now Rated "Hold" by Wall Street Brokerages

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Key Points

  • HSBC has a consensus “Hold” rating from 16 brokerages: two recommend selling, 10 rate it a hold, and four advise buying. The average 12-month price target is $97.
  • HSBC recently missed quarterly expectations, reporting $2.10 in earnings per share versus the $2.20 consensus and revenue of $18.68 billion versus $18.98 billion expected.
  • The bank announced a quarterly dividend of $0.50, equivalent to $2.00 annually and a 2.3% yield, with a 25.71% dividend payout ratio.
  • MarketBeat previews top five stocks to own in November.

Shares of HSBC Holdings plc (NYSE:HSBC - Get Free Report) have been given an average rating of "Hold" by the sixteen brokerages that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $97.00.

Several equities research analysts have issued reports on HSBC shares. Keefe, Bruyette & Woods downgraded shares of HSBC from a "moderate buy" rating to a "hold" rating in a research note on Sunday, September 13th. Shore Capital Group lowered shares of HSBC to a "sell" rating in a report on Wednesday, August 5th. JPMorgan Chase & Co. reaffirmed a "neutral" rating on shares of HSBC in a research report on Thursday, August 6th. Wall Street Zen upgraded HSBC from a "hold" rating to a "buy" rating in a report on Saturday, August 29th. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of HSBC in a research report on Wednesday, August 5th.

Get Our Latest Research Report on HSBC

HSBC Price Performance

HSBC stock opened at $85.44 on Friday. HSBC has a 1 year low of $67.56 and a 1 year high of $107.92. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.92 and a current ratio of 0.89. The firm has a 50 day moving average price of $98.46 and a 200 day moving average price of $93.33. The company has a market cap of $292.92 billion, a price-to-earnings ratio of 11.10, a PEG ratio of 0.94 and a beta of 0.58.

HSBC (NYSE:HSBC - Get Free Report) last posted its quarterly earnings results on Tuesday, October 27th. The financial services provider reported $2.10 earnings per share for the quarter, missing analysts' consensus estimates of $2.20 by ($0.10). HSBC had a return on equity of 14.33% and a net margin of 19.59%. The company had revenue of $18.68 billion for the quarter, compared to analysts' expectations of $18.98 billion. Sell-side analysts predict that HSBC will post 8.48 earnings per share for the current year.

HSBC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 17th. Stockholders of record on Friday, November 6th will be paid a $0.50 dividend. The ex-dividend date is Friday, November 6th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.3%. HSBC's dividend payout ratio (DPR) is 25.71%.

More HSBC News

Here are the key news stories impacting HSBC this week:

Institutional Investors Weigh In On HSBC

Hedge funds have recently modified their holdings of the stock. Ballast Advisors LLC acquired a new stake in HSBC during the first quarter valued at approximately $36,000. Security National Bank of SO Dak acquired a new position in HSBC in the second quarter worth approximately $36,000. Western Wealth Management LLC acquired a new position in HSBC in the first quarter worth approximately $37,000. Whipplewood Advisors LLC bought a new position in shares of HSBC in the first quarter valued at $41,000. Finally, City Holding Co. acquired a new stake in shares of HSBC during the 2nd quarter valued at $67,000. 1.48% of the stock is currently owned by hedge funds and other institutional investors.

HSBC Company Profile

(Get Free Report)

HSBC Holdings plc is a global banking and financial services company headquartered in London. Its principal subsidiary, The Hongkong and Shanghai Banking Corporation, was established in 1865 to facilitate trade between Europe and Asia. HSBC's shares trade on the New York Stock Exchange in the form of American depositary receipts under the symbol HSBC.

The company provides personal and wealth banking, commercial banking, corporate and institutional banking, investment banking, global markets, and asset management services.

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Analyst Recommendations for HSBC (NYSE:HSBC)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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