Can HDFC Bank Limited (HDB) Add Value To Your Portfolio?

At the last check on Friday, HDFC Bank Limited’s (NYSE:HDB) stock was down -$0.11, moving down -0.21 percent to $52.69. The average number of shares traded per day over the past five days has been 2,508,958 shares. 3 times new highs have been achieved over the past 5 days, with a $0.44 gain in that time frame. In the last twenty days, the average volume was 2,823,735, while in the previous 50 days, it was 2,497,474.

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Since last month, HDB stock retreated -12.58%. Shares of the company fell to $50.61 on 05/09/22, the lowest level in the past month. A 52-week high of $79.39 was reached on 01/14/22 after having rallying from a 52-week low of $50.61. Since the beginning of this year, HDB’s stock price has dropped by -18.86% or -$12.59, and marked a new high 8 times. However, the stock has declined by -33.63% since its 52-week high.

Valuation Metrics

Right now, HDFC Bank Limited (HDB) has a P/E ratio of about 22.81. The stock’s beta is 0.78. Besides these, the trailing price-to-sales (P/S) ratio of 5.99, the price-to-book (PB) ratio of 3.43, and the price-to-cash flow ratio of 8.46 may also be considered.

The latest dividend of $0.5220 per share was paid out, which is 143.93% more than last year’s $0.2140. On Monday April 25 2022, a $0.3080 dividend increase was announced.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 0.54, and the total debt-to-equity ratio was 0.54. In the year ended December 30, operating margins totaled 41.50%. Based on annual data, HDB earned $9.35 billion in gross profit and brought in $17.45 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 12.50%. Return on equity (ROE) for the past 12 months was 16.70%.

In HDFC Bank Limited’s quarter-end financial report for December 30, it reported total debt of $16.06 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. While analysts expected HDFC Bank Limited to report $0.74 quarterly earnings, the actual figure was $0.76 per share, beating the consensus estimate by 2.70%.

Technical Picture

This quick technical analysis looks at HDFC Bank Limited’s (HDB) price momentum. With a historical volatility rate of 40.28%, the RSI 9-day stood at 37.35% on 12 May.

With respect to its five-day moving average, the current HDFC Bank Limited price is up by +0.85% percent or $0.44. At present, HDB shares trade -10.91% below its 20-day simple moving average and -15.31% percent below its 100-day simple moving average. However, the stock is currently trading approximately -11.81% below its SMA50 and -26.33% below its SMA200.

Stochastic coefficient K was 37.84% and Stochastic coefficient D was 37.90%, while ATR was 1.75. Given the Stochastic reading of 31.22% for the 14-day period, the RSI (14) reading has been calculated as 37.88%. As of today, the MACD Oscillator reading stands at -0.42, while the 14-day reading stands at -1.29.

Analyst Ratings

HDFC Bank Limited downgraded its rating on HDFC Bank Limited (NYSE: HDB) to a Mkt perform in a note to investors on September 09, 2019. The analysts firm previously had an Outperform rating on the stock.HDFC Bank Limited (HDB) has been rated Buy by analysts. According to 0 brokerage firms, HDB is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 4 analysts rate HDFC Bank Limited stock as buy, with 27 recommending it as overweight.

With a median target price of $73.76, the current consensus forecast for the stock is $58.93 – $80.33. Based on these forecasts, analysts predict HDFC Bank Limited (HDB) will achieve an average price target of $72.64.


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