Shares of HDFC Bank Limited (NYSE:HDB - Get Free Report) reached a new 52-week high on Monday . The stock traded as high as $75.34 and last traded at $74.62, with a volume of 594227 shares traded. The stock had previously closed at $72.04.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on HDB shares. Nomura raised shares of HDFC Bank from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Nomura Securities raised shares of HDFC Bank from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 23rd. Finally, StockNews.com upgraded shares of HDFC Bank from a "sell" rating to a "hold" rating in a research report on Thursday.
Read Our Latest Stock Analysis on HDFC Bank
HDFC Bank Stock Up 0.2 %
The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.09. The stock has a 50-day moving average of $64.54 and a two-hundred day moving average of $63.43. The company has a market cap of $182.76 billion, a P/E ratio of 21.94, a P/E/G ratio of 2.12 and a beta of 0.68.
HDFC Bank (NYSE:HDB - Get Free Report) last announced its quarterly earnings data on Saturday, April 19th. The bank reported $0.85 earnings per share for the quarter, topping analysts' consensus estimates of $0.74 by $0.11. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. The firm had revenue of $5.04 billion during the quarter, compared to analyst estimates of $434.68 billion. On average, research analysts anticipate that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the stock. Whipplewood Advisors LLC bought a new stake in shares of HDFC Bank in the 4th quarter valued at about $29,000. Graney & King LLC bought a new stake in HDFC Bank in the fourth quarter valued at approximately $38,000. Brown Brothers Harriman & Co. boosted its stake in shares of HDFC Bank by 63.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 617 shares of the bank's stock valued at $39,000 after purchasing an additional 240 shares during the period. Sierra Ocean LLC bought a new position in shares of HDFC Bank in the fourth quarter worth approximately $42,000. Finally, NBC Securities Inc. bought a new position in shares of HDFC Bank in the first quarter worth approximately $55,000. 17.61% of the stock is owned by institutional investors.
About HDFC Bank
(
Get Free Report)
HDFC Bank Limited provides banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in three segments: Wholesale Banking, Retail Banking, and Treasury Services. It accepts savings, salary, current, rural, public provident fund, pension, and demat accounts; fixed and recurring deposits; and safe deposit lockers, as well as offshore accounts and deposits, and overdrafts against fixed deposits.
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