HDFC Bank Limited (NYSE:HDB) was upgraded by equities research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a note issued to investors on Monday, July 24th.
Separately, Zacks Investment Research upgraded HDFC Bank Limited from a “hold” rating to a “buy” rating and set a $103.00 price target on the stock in a research report on Friday, July 21st. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $103.00.
HDFC Bank Limited (NYSE HDB) traded down 0.90% on Monday, reaching $98.30. 477,985 shares of the company traded hands. The stock has a market capitalization of $84.38 billion, a price-to-earnings ratio of 39.01 and a beta of 0.87. The firm has a 50 day moving average price of $90.36 and a 200 day moving average price of $79.99. HDFC Bank Limited has a 52-week low of $59.00 and a 52-week high of $99.77.
Large investors have recently made changes to their positions in the stock. Parallel Advisors LLC raised its stake in shares of HDFC Bank Limited by 17.1% in the first quarter. Parallel Advisors LLC now owns 1,280 shares of the bank’s stock valued at $104,000 after buying an additional 187 shares during the last quarter. Independent Portfolio Consultants Inc. raised its stake in shares of HDFC Bank Limited by 744.5% in the second quarter. Independent Portfolio Consultants Inc. now owns 1,689 shares of the bank’s stock valued at $147,000 after buying an additional 1,489 shares during the last quarter. Creative Planning raised its stake in shares of HDFC Bank Limited by 6.3% in the first quarter. Creative Planning now owns 1,700 shares of the bank’s stock valued at $128,000 after buying an additional 100 shares during the last quarter. Huntington National Bank raised its stake in shares of HDFC Bank Limited by 4.9% in the second quarter. Huntington National Bank now owns 1,730 shares of the bank’s stock valued at $150,000 after buying an additional 81 shares during the last quarter. Finally, Shine Investment Advisory Services Inc. acquired a new stake in shares of HDFC Bank Limited during the second quarter valued at approximately $156,000. Institutional investors own 18.59% of the company’s stock.
HDFC Bank Limited 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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