HSBC (NYSE:HSBC) Getting Somewhat Positive Press Coverage, Analysis Shows

Headlines about HSBC (NYSE:HSBC) have trended somewhat positive recently, InfoTrie Sentiment reports. InfoTrie scores the sentiment of news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. HSBC earned a daily sentiment score of 1.67 on their scale. InfoTrie also assigned news coverage about the financial services provider an news buzz score of 2 out of 10, indicating that recent news coverage is very unlikely to have an effect on the stock’s share price in the near term.

These are some of the news articles that may have impacted HSBC’s score:

NYSE HSBC opened at $36.37 on Friday. HSBC has a 12 month low of $35.35 and a 12 month high of $44.93. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.50. The stock’s fifty day moving average price is $37.89 and its 200-day moving average price is $39.02. The stock has a market cap of $147.96 billion, a P/E ratio of 11.55, a P/E/G ratio of 7.21 and a beta of 0.71.

HSBC (NYSE:HSBC) last posted its quarterly earnings results on Monday, October 28th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.15 by ($0.40). The company had revenue of $13.27 billion during the quarter, compared to analysts’ expectations of $14.09 billion. HSBC had a return on equity of 6.65% and a net margin of 23.48%. As a group, analysts forecast that HSBC will post 3.61 earnings per share for the current fiscal year.

Several research analysts recently issued reports on HSBC shares. ValuEngine upgraded shares of HSBC from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Morgan Stanley lowered shares of HSBC from an “equal” rating to a “weight” rating in a research note on Wednesday, October 9th. Jefferies Financial Group upgraded shares of HSBC from a “hold” rating to a “buy” rating in a report on Wednesday, November 27th. UBS Group reaffirmed a “neutral” rating on shares of HSBC in a research note on Tuesday, October 15th. Finally, Berenberg Bank lowered shares of HSBC from a “hold” rating to a “sell” rating in a report on Tuesday, November 5th. Seven equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. HSBC presently has a consensus rating of “Hold” and an average price target of $43.80.

HSBC Company Profile

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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