HSBC Holdings plc (NYSE:HSBC) has received an average rating of “Hold” from the sixteen ratings firms that are currently covering the company, Marketbeat.com reports. Eight equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $40.59.

HSBC has been the topic of a number of analyst reports. Jefferies Financial Group lowered shares of HSBC from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. Goldman Sachs Group raised shares of HSBC from a “neutral” rating to a “buy” rating in a report on Wednesday, May 22nd. ValuEngine lowered shares of HSBC from a “hold” rating to a “sell” rating in a report on Friday, July 26th. Barclays lowered shares of HSBC from an “equal weight” rating to an “underweight” rating in a report on Wednesday, July 17th. Finally, Morgan Stanley lowered shares of HSBC from an “overweight” rating to an “equal weight” rating in a report on Friday, June 21st.

A number of hedge funds have recently added to or reduced their stakes in the business. Lenox Wealth Management Inc. grew its stake in HSBC by 4.9% in the 1st quarter. Lenox Wealth Management Inc. now owns 4,936 shares of the financial services provider’s stock worth $205,000 after buying an additional 232 shares in the last quarter. Nwam LLC grew its stake in HSBC by 2.9% in the 2nd quarter. Nwam LLC now owns 9,629 shares of the financial services provider’s stock worth $402,000 after buying an additional 274 shares in the last quarter. Moody National Bank Trust Division grew its stake in HSBC by 2.1% in the 2nd quarter. Moody National Bank Trust Division now owns 13,663 shares of the financial services provider’s stock worth $570,000 after buying an additional 285 shares in the last quarter. Berman Capital Advisors LLC grew its stake in HSBC by 60.4% in the 2nd quarter. Berman Capital Advisors LLC now owns 805 shares of the financial services provider’s stock worth $33,000 after buying an additional 303 shares in the last quarter. Finally, Cordasco Financial Network grew its stake in HSBC by 57.2% in the 2nd quarter. Cordasco Financial Network now owns 838 shares of the financial services provider’s stock worth $35,000 after buying an additional 305 shares in the last quarter. 2.46% of the stock is owned by institutional investors and hedge funds.

HSBC stock traded down $0.55 during midday trading on Wednesday, reaching $36.24. 3,545,213 shares of the stock were exchanged, compared to its average volume of 1,856,036. The firm has a fifty day simple moving average of $40.64. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.50. The stock has a market cap of $144.94 billion, a price-to-earnings ratio of 11.50, a PEG ratio of 2.45 and a beta of 0.68. HSBC has a 52 week low of $36.71 and a 52 week high of $46.17.

About HSBC

HSBC Holdings plc provides banking and financial products and services. The company operates through Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking segments. The Retail Banking and Wealth Management segment offers personal banking products and services, mortgages and loans, credit cards, insurance and investment products, savings products, international services, and wealth solutions and financial planning services, as well as telephone, Internet, and mobile banking services.

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Analyst Recommendations for HSBC (NYSE:HSBC)

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