News stories about HSBC (NYSE:HSBC) have trended somewhat positive on Tuesday, Accern reports. The research firm scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. HSBC earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 45.8390363454106 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:
Shares of HSBC stock traded up $0.10 on Tuesday, hitting $48.84. The company had a trading volume of 958,711 shares, compared to its average volume of 1,958,550. The company has a market cap of $196,628.97, a PE ratio of 46.96, a price-to-earnings-growth ratio of 2.19 and a beta of 0.96. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.43. HSBC has a 1 year low of $39.63 and a 1 year high of $55.89.
Several brokerages have recently commented on HSBC. ValuEngine downgraded HSBC from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, April 3rd. JPMorgan Chase reissued a “neutral” rating on shares of HSBC in a research note on Monday, March 19th. Societe Generale downgraded HSBC from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. Deutsche Bank reissued a “neutral” rating on shares of HSBC in a research note on Friday, February 9th. Finally, Morgan Stanley reissued a “buy” rating on shares of HSBC in a research note on Tuesday, February 13th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $31.50.
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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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