HDFC Bank Limited (NYSE:HDB) saw an upside of 1.47% to close Tuesday at $73.67 after adding $1.07 on the day. The 5-day average trading volume is 1,674,440 shares of the company’s common stock. It has gained $74.10 in the past week. An average of 1,691,390 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,549,180.
HDB’s 1-month performance is -2.03% or -$1.78 on its low of $71.80 reached on 09/28/21. The company’s shares have touched a 52-week low of $54.35 and high of $84.70, with the stock’s rally to the 52-week high happening on 02/16/21. YTD, HDB has achieved 1.95% or $1.41. However, the current price is down -13.02%% from the 52-week high price.
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The company’s PE ratio for the last five years has touched a high of 38.91 and a low of 15.16. HDB stock has a beta of 0.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.17 while the price-to-book (PB) in the most recent quarter is 0.39.
HDFC Bank Limited pays an annual dividend of $0.21 per share. Its dividend yield is 0.29%. HDB’s most recent quarterly dividend payment was made on Jun. 29, when it paid $0.2140 a share compared with prior rate of $0.4940, down -130.84% from last year’s. The company latest dividend decrease of $0.28 reported on Friday June 18 2021.
It is projected that HDFC Bank Limited’s next ex-dividend date will be on 25-Jul. HDB is expected to distribute $0.0 as its next dividend.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected HDB to announce $0.56 per share in earnings in its latest quarter, but it posted $0.58, representing a 3.60% surprise. HDB stock balance sheet for the quarter ending June 29 shows that, with total debt at $1.73 trillion
Let’s look briefly at HDFC Bank Limited (HDB) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 51.53% to suggest the stock is trending Neutral, with historical volatility in this time period at 14.82%.
The stock’s 5-day moving average is $73.12, reflecting a +0.56% or $0.41 change from its current price. HDB is currently trading -0.57% above its 20-day SMA, +0.38% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +4.14% and +5.92% respectively.
Stochastic %K and %D was 36.96% and 37.45% and the average true range (ATR) pointed at 1.33. The RSI (14) points at 49.07%, while the 14-day stochastic is at 58.07% with the period’s ATR at 1.35. The stock’s 9-day MACD Oscillator is pointing at -0.16 and -0.27 on the 14-day charts.
In the most recent analyst report for HDFC Bank Limited (NYSE: HDB), Bernstein downgraded it to a Mkt perform rating. They previously had an Outperform rating on the stock. Analysts offering their rating for HDB stock have a consensus rating for the stock as Buy. Currently, 1 brokerage advisors rate HDB as a “sell,”, while 3 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 5 rates the stock as overweight while 31 have offered a “buy” rating.
What is HDB’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $58.25 and a high of $80.22, with their median price target at $72.40. Looking at these predictions, the average price target given by analysts is for HDFC Bank Limited (HDB) stock is $72.08.