HDFC Bank Ltd. (NYSE:HDB) has earned a consensus broker rating score of 1.17 (Strong Buy) from the three brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company.
Analysts have set a 12 month consensus target price of $79.50 for the company and are anticipating that the company will post $0.65 earnings per share for the current quarter, according to Zacks. Zacks has also assigned HDFC Bank an industry rank of 78 out of 265 based on the ratings given to its competitors.
Separately, Goldman Sachs Group Inc. raised shares of HDFC Bank from a “neutral” rating to a “buy” rating in a research report on Tuesday, August 2nd.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Flow Traders U.S. LLC purchased a new position in HDFC Bank during the second quarter worth approximately $100,000. Pinkerton Retirement Specialists LLC purchased a new position in HDFC Bank during the second quarter worth approximately $129,000. IFP Advisors Inc boosted its position in HDFC Bank by 93.3% in the first quarter. IFP Advisors Inc now owns 2,028 shares of the company’s stock worth $125,000 after buying an additional 979 shares during the last quarter. Creative Planning boosted its position in HDFC Bank by 226.4% in the second quarter. Creative Planning now owns 2,125 shares of the company’s stock worth $141,000 after buying an additional 1,474 shares during the last quarter. Finally, US Bancorp DE boosted its position in HDFC Bank by 10.2% in the second quarter. US Bancorp DE now owns 3,017 shares of the company’s stock worth $200,000 after buying an additional 280 shares during the last quarter. 17.58% of the stock is currently owned by institutional investors and hedge funds.
Shares of HDFC Bank (NYSE:HDB) traded down 0.26% on Thursday, reaching $72.50. 253,850 shares of the company’s stock traded hands. The company has a 50 day moving average of $71.99 and a 200-day moving average of $66.71. The stock has a market capitalization of $366.59 billion, a PE ratio of 191.80 and a beta of 1.23. HDFC Bank has a 52 week low of $51.11 and a 52 week high of $74.04.
HDFC Bank Company Profile
HDFC Bank Limited (the Bank) is a holding company. The Bank offers a range of banking services covering commercial and investment banking on the wholesale side and transactional/branch banking on the retail side. It also offers financial services. The Bank’s segments include Treasury, Retail banking, Wholesale banking and Other banking business.
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