Recent extremely meaningful negative changes in investment behavior have impacted HSBC Holdings PLC (NYSE: HSBC): the stock’s recent price decline challenged its longer term uptrend, and its longer term price trend turned down.
HSBC Holdings PLC (NYSE: HSBC) has recently experienced important negative changes in fundamentals. Negative developments: the stock’s power rating fell below 50, significant quarterly sales deceleration occurred, and the consensus estimate for December, 2024 decreased significantly. Positive development: significant quarterly earnings acceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of A. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
HSBC is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
HSBC Holdings has a current Value Trend Rating of A (Highest Rating). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. HSBC Holdings has a very high Appreciation Score of 100 but a neutral Power Rating of 49, and the Highest Value Trend Rating results.
Recent Price Action
HSBC Holdings PLC (NYSE: HSBC) stock increased 1.8% on 3/15/24. The shares closed at $38.21. This advance was accompanied by normal trading volume. The stock has risen 0.9% during the last week and has performed in line with the market over the last nine months.
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