Barclays downgraded shares of HSBC (NYSE:HSBC) from an equal weight rating to an underweight rating in a research report sent to investors on Tuesday morning, MarketBeat reports.

Several other equities research analysts have also recently commented on HSBC. Societe Generale cut shares of HSBC from a buy rating to a hold rating in a research report on Monday, September 10th. Keefe, Bruyette & Woods upgraded shares of HSBC from a market perform rating to an outperform rating in a report on Tuesday, September 11th. Zacks Investment Research cut shares of HSBC from a hold rating to a sell rating in a report on Wednesday, September 12th. Credit Suisse Group upgraded shares of HSBC from an underperform rating to a neutral rating in a report on Thursday, September 20th. Finally, Citigroup cut shares of HSBC from a buy rating to a neutral rating in a report on Monday, October 22nd. Five research analysts have rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. HSBC presently has a consensus rating of Hold and an average price target of $47.00.

Shares of NYSE HSBC traded down $0.12 during trading on Tuesday, reaching $41.41. The company had a trading volume of 105,668 shares, compared to its average volume of 2,283,147. HSBC has a 52 week low of $38.23 and a 52 week high of $55.89. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.42.

HSBC (NYSE:HSBC) last announced its earnings results on Monday, October 29th. The financial services provider reported $0.95 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.95. The company had revenue of $13.84 billion during the quarter. As a group, sell-side analysts forecast that HSBC will post 3.76 earnings per share for the current year.

Several hedge funds have recently made changes to their positions in the company. Moody National Bank Trust Division increased its holdings in shares of HSBC by 5.8% in the fourth quarter. Moody National Bank Trust Division now owns 13,542 shares of the financial services provider’s stock valued at $557,000 after purchasing an additional 742 shares during the last quarter. Legal & General Group Plc acquired a new position in shares of HSBC in the third quarter valued at $71,000. Henry James International Management Inc. acquired a new position in shares of HSBC in the third quarter valued at $551,000. Hilltop Holdings Inc. increased its holdings in shares of HSBC by 30.8% in the third quarter. Hilltop Holdings Inc. now owns 5,948 shares of the financial services provider’s stock valued at $261,000 after purchasing an additional 1,402 shares during the last quarter. Finally, Earnest Partners LLC increased its holdings in shares of HSBC by 8.0% in the third quarter. Earnest Partners LLC now owns 17,255 shares of the financial services provider’s stock valued at $759,000 after purchasing an additional 1,281 shares during the last quarter. 2.53% of the stock is currently owned by institutional investors and hedge funds.

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.

Featured Article: What does cost of debt say about a company’s financial health?

Analyst Recommendations for HSBC (NYSE:HSBC)

Receive News & Ratings for HSBC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HSBC and related companies with MarketBeat.com's FREE daily email newsletter.