Wall Street Analyst Upgrade HSBC Holdings plc [HSBC]. What else is Wall St. saying

HSBC Holdings plc [NYSE: HSBC] closed the trading session at $20.73 on 10/26/20. The day’s price range saw the stock hit a low of $20.645, while the highest price level was $21.08. The company report on October 20, 2020 that HSBC US Global Liquidity and Cash Management Adds Cash Flow Forecasting to HSBCnet.

HSBC clients now have a single point of access for all their cash management needs.

HSBC Bank USA today announced the availability of HSBC Cash Flow Forecasting, a fully-integrated forecasting solution that allows businesses to build a more accurate picture of their future finances and manage liquidity.

The stocks have a year to date performance of -46.97 percent and weekly performance of 4.49 percent. The stock has been moved at -19.90 percent over the last six months. The stock has performed 14.47 percent around the most recent 30 days and changed -8.88 percent over the most recent 3-months.

If compared to the average trading volume of 3.35M shares, HSBC reached to a volume of 5468422 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about HSBC Holdings plc [HSBC]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HSBC shares is $22.56 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HSBC stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Morgan Stanley have made an estimate for HSBC Holdings plc shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on August 11, 2020. The new note on the price target was released on July 29, 2020, representing the official price target for HSBC Holdings plc stock.

The Average True Range (ATR) for HSBC Holdings plc is set at 0.48, with the Price to Sales ratio for HSBC stock in the period of the last 12 months amounting to 1.63. The Price to Book ratio for the last quarter was 0.50, with the Price to Cash per share for the same quarter was set at 285.56.

HSBC stock trade performance evaluation

HSBC Holdings plc [HSBC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.49. With this latest performance, HSBC shares gained by 14.47% in over the last four-week period, additionally sinking by -19.90% over the last 6 months – not to mention a drop of -47.55% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HSBC stock in for the last two-week period is set at 58.06, with the RSI for the last a single of trading hit 65.13, and the three-weeks RSI is set at 53.55 for HSBC Holdings plc [HSBC]. The present Moving Average for the last 50 days of trading for this stock 20.44, while it was recorded at 20.31 for the last single week of trading, and 26.05 for the last 200 days.

HSBC Holdings plc [HSBC]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and HSBC Holdings plc [HSBC] shares currently have an operating margin of +15.90. HSBC Holdings plc’s Net Margin is presently recorded at +6.43.

Return on Total Capital for HSBC is now 2.72, given the latest momentum, and Return on Invested Capital for the company is 2.39. Return on Equity for this stock inclined to 3.77, with Return on Assets sitting at 0.23. When it comes to the capital structure of this company, HSBC Holdings plc [HSBC] has a Total Debt to Total Equity ratio set at 240.60. Additionally, HSBC Total Debt to Total Capital is recorded at 70.64, with Total Debt to Total Assets ending up at 14.45. Long-Term Debt to Equity for the company is recorded at 56.73, with the Long-Term Debt to Total Capital now at 16.65.

Reflecting on the efficiency of the workforce at the company, HSBC Holdings plc [HSBC] managed to generate an average of $20,210 per employee.

HSBC Holdings plc [HSBC]: Insider Ownership positions

There are presently around $1,334 million, or 1.60% of HSBC stock, in the hands of institutional investors. The top three institutional holders of HSBC stocks are: RENAISSANCE TECHNOLOGIES LLC with ownership of 10,875,408, which is approximately 20.988% of the company’s market cap and around 0.30% of the total institutional ownership; DIMENSIONAL FUND ADVISORS LP, holding 9,826,246 shares of the stock with an approximate value of $203.7 million in HSBC stocks shares; and JPMORGAN CHASE & CO, currently with $124.52 million in HSBC stock with ownership of nearly 2.787% of the company’s market capitalization.

Positions in HSBC Holdings plc stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 68 institutional holders increased their position in HSBC Holdings plc [NYSE:HSBC] by around 13,051,361 shares. Additionally, 206 investors decreased positions by around 13,847,726 shares, while 66 investors held positions by with 37,435,314 shares. The mentioned changes placed institutional holdings at 64,334,401 shares, according to the latest SEC report filing. HSBC stock had 17 new institutional investments in for a total of 781,264 shares, while 86 institutional investors sold positions of 4,397,258 shares during the same period.

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