Morgan Stanley reiterated their buy rating on shares of HSBC (NYSE:HSBC) in a report published on Tuesday morning.

Several other equities analysts also recently commented on HSBC. BidaskClub downgraded HSBC from a hold rating to a sell rating in a report on Wednesday, November 1st. JPMorgan Chase & Co. reiterated a neutral rating on shares of HSBC in a report on Friday, November 24th. UBS Group reiterated a neutral rating on shares of HSBC in a report on Wednesday, November 29th. Macquarie initiated coverage on HSBC in a report on Wednesday, November 29th. They set an outperform rating on the stock. Finally, Goldman Sachs Group reiterated a neutral rating on shares of HSBC in a report on Tuesday, December 5th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the stock. HSBC currently has a consensus rating of Hold and a consensus price target of $31.50.

HSBC (NYSE HSBC) opened at $51.68 on Tuesday. HSBC has a twelve month low of $39.63 and a twelve month high of $55.89. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $205,473.20, a P/E ratio of 36.91, a price-to-earnings-growth ratio of 2.34 and a beta of 0.90.

Several institutional investors have recently made changes to their positions in the company. Harding Loevner LP grew its stake in shares of HSBC by 4,384.0% in the third quarter. Harding Loevner LP now owns 98,112,785 shares of the financial services provider’s stock worth $17,392,000 after acquiring an additional 95,924,743 shares during the last quarter. Fisher Asset Management LLC grew its stake in shares of HSBC by 3.0% in the fourth quarter. Fisher Asset Management LLC now owns 14,236,686 shares of the financial services provider’s stock worth $735,182,000 after acquiring an additional 411,768 shares during the last quarter. Cambiar Investors LLC grew its stake in shares of HSBC by 0.7% in the fourth quarter. Cambiar Investors LLC now owns 4,552,865 shares of the financial services provider’s stock worth $235,110,000 after acquiring an additional 32,692 shares during the last quarter. Parametric Portfolio Associates LLC grew its stake in shares of HSBC by 12.7% in the third quarter. Parametric Portfolio Associates LLC now owns 2,338,801 shares of the financial services provider’s stock worth $115,560,000 after acquiring an additional 263,130 shares during the last quarter. Finally, Miller Howard Investments Inc. NY acquired a new stake in shares of HSBC in the fourth quarter worth $74,026,000. Institutional investors and hedge funds own 2.26% of the company’s stock.

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HSBC Company Profile

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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