How HDFC Bank Limited (HDB) Is Doing Technically?

The stock of HDFC Bank Limited (NYSE:HDB) increased by $0.11 on Wednesday to $56.09, up 0.20 percent. The last five days have seen an average of 1,742,661 shares of common stock traded. 8 times new highs were reached in the current year, with a fall of -$9.06. The average number of shares traded over the last 20 days was 2,293,785, while the average volume over the last 50 days totaled 2,451,574.

HDB stock appreciated 6.34% since last month. On 06/16/22, the company’s shares reached a one-month low of $51.04. The stock touched a high of $79.39 on 01/14/22, after rallying from a low of $50.61 in 52 weeks. The price of HDB stock has declined by -13.97% or -$9.06 this year, reaching a new high 8 times. Still, the stock price is down -29.35% from the 52-week high.


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Valuation Metrics

HDFC Bank Limited (HDB) has a trailing price-to-earnings (P/E) ratio of 24.64. Beta for the stock is 0.79. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 5.82, the price-to-book (PB) ratio of 3.71, and the price-to-cash flow ratio of 8.22.

Company paid $0.5220 per share in dividends, an increase of 143.93% from $0.2140 last year. A $0.3080 dividend increase was reported on Monday April 25 2022.

Financial Health

The company’s long-term debt to equity ratio for the quarter ending December 30 is 0.54, and the total debt to equity ratio is 0.54. HDFC Bank Limited’s operating margin stood at 41.50% for the same period. Based on annual data, it had gross profit of $9.22 billion and revenue of $22.47 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. HDB’s return on assets (ROA) during the last 12 months has been 2.00%. There was a 12.50% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 16.70%.

Earnings Surprise

According to HDFC Bank Limited’s quarterly financial report for the quarter that ended December 30. A lower net income was reported in the quarter under review than the previous quarter. It was predicted that HDFC Bank Limited’s quarterly earnings would be $0.76, but it ended up being $0.74, beating the consensus by 2.70%. At the end of HDFC Bank Limited’s most recent quarter ended December 30, its total debt was $2.27 trillion.

Technical Picture

Here’s a quick look at HDFC Bank Limited’s (HDB) price momentum from a technical perspective. As of 21 June, the RSI 9-day stood at 54.56%, suggesting the stock is Neutral, with a 50.90% historical volatility rate.

The stochastic %K and %D were 51.85% and 38.20% respectively, while the average true range (ATR) was 1.77. Based on the 14-day stochastic reading of 62.59%, the RSI (14) reading is 51.93%. On the 9-day MACD Oscillator, the stock is at 0.90, and the 14-day reading is at -0.63.

Analyst Ratings

HDFC Bank Limited (NYSE: HDB) was downgraded by Bernstein to a a Mkt perform rating in its latest research report. The stock was previously rated as a an Outperform. Analysts have assigned HDFC Bank Limited (HDB) an Buy rating. HDB is a stock that is recommended for selling by 0 brokerage firms, while 4 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 4 rates it overweight and 29 others recommend it as a buy.

What is HDB’s price target for the next 12 months?

The current consensus forecast for the stock is between $57.89 and $80.33, with a median target price of $73.49. In analyzing these forecasts, the average price target given by analysts for HDFC Bank Limited (HDB) is $72.07.

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