Exane BNP Paribas lifts HSBC Holdings plc [HSBC] price estimate. Who else is bullish?


HSBC Holdings plc [NYSE: HSBC] The stock went on a downtrend as it fell more than -3.06% on Wednesday, which is a one-week price drop of less than -2.87%. Company report on September 21 2022 That HSBC USA, NA and its subsidiaries raise the initial and reference rate.

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HSBC USA, NA and its subsidiaries today announced that they will raise their base and reference interest rate to 6.25% from 5.50%, effective tomorrow.

Over the past 12 months, HSBC stock is up 20.10%. HSBC Holdings plc’s one-year stock outlook is for a possible high of 36.01. HSBC stock currently has an average equity rating of 1.00, and it trades more like a bullish pattern in the stock market.

The stock has a market capitalization of $118.00 billion, with 3.99 billion shares outstanding and 3.98 billion shares in current float. Compared to an average trading volume of 2.62 million shares, HSBC stock reached a trading volume of 3,851,663 on the last trading day, which is why market watchers consider the stock to be active.

Expert opinion on HSBC Holdings plc [HSBC]:

Based on careful and fact-backed analysis by Wall Street experts, the current consensus is a price target for HSBC’s stock of $46.04 per share. Target price analysis and stock performance are usually carefully studied by market experts, and the current Wall Street consensus on HSBC stock is a set recommendation at 1.00. This rating represents a strong buy recommendation, on a scale of 1 to 5, where 5 means strong sell, 4 represents sell, 3 represents hold, and 2 indicates buy.

Exane BNP Paribas has made an estimate for HSBC Holdings plc stock, while retaining their opinion of the stock as underperforming, with their previous recommendation back on September 09, 2022. The new note on price target was issued on August 17, 2022, which is the official price target for HSBC Holdings stock. plc.

The Average True Range (ATR) for HSBC Holdings plc is set at 0.59, with a price-to-sales ratio for HSBC stock in the last twelve months period of 3.02. The price-to-book ratio for the last quarter was 0.71, with the price-to-cash per share for the same quarter set at 309.26.

HSBC stock performance analysis:

HSBC Holdings plc [HSBC] It fell into the red at the end of last week, fell in a negative direction and fell by -2.87. With this latest performance, HSBC shares are down -7.12% over the past four-week period, as well as -13.63% over the past six months – not to mention up 20.10% in the last year of trading.

Overbought and oversold stocks can be easily tracked by the Relative Strength Index (RSI), where an RSI result of over 70 is overbought, and any price below 30 indicates oversold conditions. The RSI of 50 represents neutral momentum in the market. The current RSI for HSBC stock for the last two weeks is set at 34.55, with the RSI for the last one trading at 29.81, and the three-week RSI is set at 38.16 for HSBC Holdings plc [HSBC]. The current moving average of the last 50 trading days for this stock is 31.55 while it recorded at 30.30 for the last trading week, and 32.54 for the last 200 days.

An insight into the fundamentals of HSBC Holdings plc:

Operating margin for any stock indicates how profitable the investment is, HSBC Holdings plc [HSBC] The stock’s current operating margin is +17.02. HSBC Holdings plc’s net margin is currently at +17.36.

HSBC’s return on total capital is now 2.14, given recent momentum, and the company’s return on invested capital is 4.22. The return on equity for this stock rose to 7.13, with the return on assets remaining at 0.42. When it comes to this company’s capital structure, HSBC Holdings plc [HSBC] It has a total debt to total equity ratio set at 224.89. In addition, HSBC’s total debt to total capital was recorded at 69.22, with total debt to total assets ending at 13.37. Long-term debt to equity for the company was recorded at 72.78, and long-term debt to total equity now at 22.40.

Reflecting on the efficiency of the company’s workforce, HSBC Holdings plc [HSBC] She managed to make an average of $41,690 per employee.

HSBC Holdings plc [HSBC] Insider position details

There are currently about $1.713 million, or 1.30% of HSBC’s stock, in the hands of institutional investors. The three largest corporate owners of HSBC shares are: DIMENSIONAL FUND ADVISORS LP with ownership of 9,870,231, which represents about 0.377% of the company’s market capitalization and about 0.30% of the total institutional ownership; JANE STREET GROUP, LLC, owns 6,089,216 shares with an approximate value of $179.39 million in HSBC stock; and MORGAN STANLEY, currently worth $155.49 million in HSBC stock with ownership of approximately 363.378% of the company’s market capitalization.

Positions in HSBC Holdings plc stock held by institutional investors increased at the end of August and at the time of the August report, as 151 institutional owners consolidated their positions in HSBC Holdings plc [NYSE:HSBC] About 12,924,061 shares. In addition, 105 investors decreased positions by about 4,931,654 shares, while 73 investors held positions with 40,278,992 shares. The said changes put institutional holdings at 5,813,4707 shares, according to the latest report from the Securities and Exchange Commission. The number of investments in HSBC shares reached 36 new institutions with a total of 969,477 shares, while 40 institutional investors sold deals amounting to 3,786,493 shares during the same period.

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