Media coverage about HSBC (NYSE:HSBC) has been trending somewhat positive on Thursday, InfoTrie Sentiment reports. The research firm rates the sentiment of press coverage by monitoring more than 6,000 news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. HSBC earned a news sentiment score of 1.25 on their scale. InfoTrie also gave press coverage about the financial services provider an news buzz score of 0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news articles that may have effected HSBC’s analysis:
- Hong Kong's biggest banks find themselves in a vice as they cut rates for the first time in 11 years during city's recession (finance.yahoo.com)
- Schauffele, Scott, McIlroy among stars chasing Li after WGC-HSBC Day 1 (sports.yahoo.com)
- Li Haotong delights home crowd, takes early lead at HSBC Champions in Shanghai (theglobeandmail.com)
- HSBC Cuts Hong Kong Prime Rate for First Time in 11 Years (finance.yahoo.com)
- Haotong Li leads, Rory McIlroy three back after first round of WGC-HSBC Champions (golf.com)
HSBC has been the topic of a number of recent analyst reports. Morgan Stanley downgraded HSBC from an “equal” rating to a “weight” rating in a research report on Wednesday, October 9th. UBS Group reiterated a “neutral” rating on shares of HSBC in a research report on Tuesday, October 15th. Jefferies Financial Group downgraded HSBC from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. ValuEngine upgraded HSBC from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Barclays downgraded HSBC from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, July 17th. Six analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. HSBC presently has an average rating of “Hold” and a consensus target price of $43.80.
HSBC stock traded down $0.27 during mid-day trading on Thursday, reaching $37.66. 104,472 shares of the company’s stock were exchanged, compared to its average volume of 3,147,376. The company has a market cap of $152.48 billion, a price-to-earnings ratio of 11.95, a price-to-earnings-growth ratio of 7.22 and a beta of 0.71. The stock’s 50 day moving average is $38.27 and its 200 day moving average is $40.01. HSBC has a 12-month low of $35.35 and a 12-month high of $44.93. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.95 and a quick ratio of 0.97.
HSBC (NYSE:HSBC) last released its earnings results on Monday, August 5th. The financial services provider reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.15 by ($0.10). The firm had revenue of $14.09 billion during the quarter, compared to analysts’ expectations of $14.03 billion. HSBC had a net margin of 23.48% and a return on equity of 6.65%. On average, research analysts forecast that HSBC will post 3.68 earnings per share for the current fiscal year.
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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