HSBC Holdings plc (HSBC) Earning Favorable Press Coverage, Study Finds

Headlines about HSBC Holdings plc (NYSE:HSBC) have trended positive this week, according to AlphaOne Sentiment. The research group, a unit of Accern, ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources. AlphaOne ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. HSBC Holdings plc earned a news impact score of 0.26 on AlphaOne’s scale. AlphaOne also assigned news headlines about the financial services provider an impact score of 91 out of 100, meaning that recent media coverage is extremely likely to have an effect on the company’s share price in the near future.

These are some of the headlines that may have impacted AlphaOne’s rankings:

Separately, Zacks Investment Research upgraded HSBC Holdings plc from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a research note on Thursday, May 11th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. HSBC Holdings plc currently has an average rating of “Buy” and an average price target of $34.87.

HSBC Holdings plc (NYSE:HSBC) opened at 43.44 on Wednesday. HSBC Holdings plc has a 52 week low of $28.62 and a 52 week high of $44.44. The firm has a 50-day moving average price of $41.80 and a 200-day moving average price of $41.24. The company has a market capitalization of $169.96 billion, a price-to-earnings ratio of 321.78 and a beta of 1.05.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 5th. Shareholders of record on Friday, May 19th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.60%. The ex-dividend date is Wednesday, May 17th. HSBC Holdings plc’s payout ratio is 81.63%.

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HSBC Holdings plc Company Profile

HSBC Holdings plc (HSBC) is the banking and financial services company. The Company manages its products and services through four businesses: Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB). It operates across various geographical regions, which include Europe, Asia, Middle East and North Africa, North America and Latin America.

12 Month Chart for NYSE:HSBC

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