Is A Downturn Overdue? HSBC Holdings plc (HSBC), Unum Group (UNM)?

The shares of HSBC Holdings plc (NYSE:HSBC) has been pegged with a rating of Hold by Jefferies in its latest research note that was published on July 24th, 2019. Jefferies wasn’t the only research firm that published a report of HSBC Holdings plc, with other equities research analysts also giving their opinion on the stock. Barclays advised investors in its research note published on July 17th, 2019, to Underweight the HSBC stock. The stock had earned Equal-Weight rating from Morgan Stanley when it published its report on June 21st, 2019. The stock was given Buy rating by Goldman in its report released on May 23rd, 2019. Macquarie was of a view that HSBC is Underperform in its latest report on February 25th, 2019. JP Morgan thinks that HSBC is worth Underweight rating. This was contained in the firm’s report on February 19th, 2019.

Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 1 believe it has the potential for further growth, thus rating it as Hold while 0 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $42.81. The price of the stock the last time has raised by 0.79% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 21.47.

The shares of the company added by 0.60% during the trading session on Tuesday, reaching a low of $36.71 while ending the day at $37.01. During the trading session, a total of 4.21 million shares were traded which represents a -144.78% decline from the average session volume which is 1.72M shares. HSBC had ended its last session trading at 36.79. HSBC Holdings plc currently has a market cap of $152.97B, while its P/E ratio stands at 10.65, while its P/E earnings growth sits at 2.84, with a beta of 0.70. HSBC Holdings plc debt-to-equity ratio currently stands at 0.74, while its quick ratio hovers at . HSBC 52-week low price stands at $36.72 while its 52-week high price is $46.30.

HSBC Holdings plc has the potential to record 3.47 EPS for the current fiscal year, according to equities analysts.

Investment analysts at Credit Suisse published a research note on July 10th, 2019 where it informed investors and clients that Unum Group (NYSE:UNM) is now rated as Underperform. Their price target on the stock stands at $19. Barclays also rated UNM as Downgrade on July 17th, 2019, with its price target of $2 suggesting that UNM could surge by 24.21% from its current share price. Even though the stock has been trading at $27.44/share, analysts expect it to surge higher by 1.79% to reach $36.85/share. It started the day trading at $28.39 and traded between $27.20 and $27.93 throughout the trading session.

A look at its technical shows that UNM’s 50-day SMA is 32.29 while its 200-day SMA stands at 34.07. The stock has a high of $40.76 for the year while the low is $26.76. The company’s P/E ratio currently sits at 11.23, while the P/B ratio is 0.62. At the moment, only of Unum Group shares were sold short. The company’s average trading volume currently stands at 1.90M shares, which means that the short-interest ratio is just 3.31 days. Over the past seven days, the company moved, with its shift of -2.51%. Looking further, the stock has dropped -20.92% over the past 90 days while it lost -22.48% over the last six months.

The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc sold more UNM shares, decreasing its portfolio by -6.07% during the last quarter. This move now sees The Vanguard Group Inc selling -1,450,326 shares in the last quarter, thus it now holds 22,434,513 shares of UNM, with a total valuation of $716,782,690. Fidelity Management Research Co meanwhile sold more UNM shares in the recently filed quarter, changing its stake to $602,089,283 worth of shares. BlackRock Fund Advisors followed the path by decreasing its UNM portfolio by -5.38% in the quarter. This means that BlackRock Fund Advisors sold -684,160 shares in the last quarter and now controls 12,040,878 shares of the UNM stock, with the valuation hitting $384,706,052.

Similarly, Wellington Management Co LLP decreased its Unum Group shares by -2.55% during the recently filed quarter. After selling -196,409 shares in the last quarter, the firm now controls 7,518,041 shares of Unum Group which are valued at $240,201,410. In the same vein, Investec Asset Management Ltd decreased its Unum Group shares by during the most recent reported quarter. The firm sold -40,377 shares during the quarter which decreased its stakes to 5,557,946 shares and is now valued at $177,576,375. Following these latest developments, around 0.60% of Unum Group stocks are owned by institutional investors and hedge funds.