Recent meaningful positive changes in fundamentals have benefitted HSBC Holdings PLC (NYSE: HSBC): the stock’s power rating rose above 70, the consensus estimate for December, 2024 increased significantly, and significant quarterly earnings acceleration occurred.
Important positive changes in HSBC Holdings PLC (NYSE: HSBC) investment behavior have recently occurred: its shorter term price trend turned up.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, HSBC is expected to continue to be a Value Builder.
HSBC Holdings has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. HSBC Holdings has a good Power Rating of 71 and a very high Appreciation Score of 100, producing the Highest Value Trend Rating.
Recent Price Action
On 8/28/24, HSBC Holdings PLC (NYSE: HSBC) stock declined slightly by -0.5%, closing at $43.95. However, unusually low trading volume at 66% of normal accompanied the decline. The stock has risen 2.9% during the last week and has been strong relative to the market over the last nine months.
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