HDFC Bank Limited (NYSE:HDB) was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued on Monday, July 24th.
Separately, Zacks Investment Research lowered HDFC Bank Limited from a “buy” rating to a “hold” rating in a research note on Wednesday, May 31st. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $103.00.
HDFC Bank Limited (NYSE HDB) traded down 0.93% during trading on Monday, hitting $93.60. 1,299,719 shares of the stock were exchanged. The company has a market cap of $479.71 billion, a price-to-earnings ratio of 203.04 and a beta of 0.87. HDFC Bank Limited has a one year low of $59.00 and a one year high of $99.77. The stock’s 50 day moving average is $92.02 and its 200-day moving average is $81.29.
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Large investors have recently added to or reduced their stakes in the stock. First Interstate Bank purchased a new stake in HDFC Bank Limited during the second quarter valued at $103,000. Parallel Advisors LLC increased its stake in 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 period. Creative Planning increased its stake in 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 period. Independent Portfolio Consultants Inc. increased its stake in 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 period. Finally, Huntington National Bank increased its stake in 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 period. 18.94% of the stock is currently owned by institutional investors.
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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