DZ Bank reaffirmed their sell rating on shares of HSBC (NYSE:HSBC) in a report issued on Monday morning.

Other equities analysts have also recently issued reports about the company. ValuEngine cut HSBC from a hold rating to a sell rating in a research note on Monday, July 2nd. Zacks Investment Research cut HSBC from a hold rating to a sell rating in a research note on Wednesday, April 25th. JPMorgan Chase & Co. upgraded HSBC from a neutral rating to an overweight rating in a research note on Tuesday, July 10th. Finally, Credit Suisse Group upgraded HSBC from an underperform rating to a neutral rating in a research note on Thursday, April 19th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. HSBC currently has a consensus rating of Hold and a consensus price target of $31.50.

HSBC stock opened at $46.97 on Monday. HSBC has a twelve month low of $46.23 and a twelve month high of $55.89. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.90 and a quick ratio of 0.96. The company has a market cap of $187.42 billion, a PE ratio of 23.49, a P/E/G ratio of 2.12 and a beta of 0.88.

HSBC (NYSE:HSBC) last announced its quarterly earnings data on Monday, August 6th. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.05. The firm had revenue of $13.58 billion for the quarter. analysts anticipate that HSBC will post 3.67 EPS for the current year.

Hedge funds have recently bought and sold shares of the business. Jacobi Capital Management LLC bought a new stake in HSBC in the first quarter valued at $126,000. Legacy Financial Advisors Inc. bought a new stake in HSBC in the second quarter valued at $129,000. Integrated Investment Consultants LLC bought a new stake in HSBC in the second quarter valued at $131,000. TRUE Private Wealth Advisors bought a new stake in HSBC in the second quarter valued at $220,000. Finally, Lenox Wealth Management Inc. lifted its stake in HSBC by 44.4% in the second quarter. Lenox Wealth Management Inc. now owns 4,799 shares of the financial services provider’s stock valued at $229,000 after buying an additional 1,475 shares during the last quarter. Institutional investors own 2.60% of the company’s stock.

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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