HBC – HSBC Holdings Plc, a banking and financial company has been on the decline since last September. Currently, analysts believe that the stock will further decline.
|HBC – HSBC Holdings Plc|
|Fundamentals||Previously closed at||32.19|
|Analyst opinion||HSBC announced its Earnings before the opening bell today. Due to bad loans, it has reported $1.33 billion net loss during the quarter. It also said that there are ongoing investigations related to FIFA and its hiring practices in China. Due to these, It also has a bleak outlook for the year 2016. Analysts believe that the stock price will be bearish|
|Sentiments||Its financials are good with a P/B of 0.76 , P/C of 0.14 and a Debt to Equity Ratio of 0.5. However, its PEG is 6.38, which looks bad with respect to growth.|
|with recent downgrade of the stock by various brokers to “Underweight” , the stock is likely to have negative sentimments|
|Revenue Prediction||For the full year 2015, HSBC reported a pre-tax profits of $18.8 Billion, which is a mere 1% YoY increase, compared to the analyst expectations of $21.7 Billion. Return on Equity is 7.2%, as against the wall street estimate of 8.4%.|