What Can We Learn From ICICI Bank Limited (IBN)’s Valuation Ratios?


ICICI Bank Limited (NYSE:IBN) finished Thursday with an addition of $0.26 to close at $22.10, an upside of 1.19 percent. An average of 6,321,820 shares of common stock have been traded in the last five days. There was a gain of $0.13 in the past week, and it reached a new high 18 times over the past 12 months. The last 20 days have seen an average of 7,190,485 shares traded, while the 50-day average volume stands at 8,313,588.

IBN stock has decreased by -5.88% in the last month. The company shares reached their 1-month lowest point of $21.34 on 12/23/22. With the stock rallying to its 52-week high on 11/30/22, shares of the company touched a low of $16.36 and a high of $23.75 in 52 weeks. It has reached a new high 16 times so far this year and achieved 11.67% or $2.31 in price. In spite of this, the price is down -6.95% from the 52-week high.

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Valuation Metrics

ICICI Bank Limited (IBN) has a trailing price-to-earnings (P/E) ratio of 21.92. The stock’s beta is 1.02. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 6.11, the price-to-book (PB) ratio at 3.27.

The company’s most recent quarterly dividend payment was $0.1120 a share, representing a down of -0.36% from $0.1124 last year. Its latest decrease dividend $0.0004 reported on Wednesday July 13 2022.

Financial Health

Further, the company has a long term debt to equity ratio of 0.93 and a total debt to equity ratio of 0.93 for the quarter ending March 30. Its gross profit as reported stood at $7.27 billion compared to revenue of $12.78 billion.

Earnings Surprise

The analyst consensus anticipated ICICI Bank Limited’s latest quarter earnings to come in at $0.23 per share, but it turned out to be $0.29, a 26.10% surprise. At the end of the quarter ending March 30, ICICI Bank Limited’s stock balance sheet showed total debt was $1.82 trillion.

Technical Picture

From a technical analysis perspective, let’s take a brief look at ICICI Bank Limited (IBN) price momentum. RSI 9-day as of the close on 29 December was 48.03%, suggesting the stock is Neutral, with historical volatility in this time frame at 14.70%.

As of today, IBN’s price is $21.82 +0.59% or $0.13 from its 5-day moving average. IBN is currently trading -6.83% lower than its 20-day SMA and +3.90% higher than its 100-day SMA. However, the stock’s current price level is +0.96% above the SMA50 and +20.44% above the SMA200.

The stochastic %K and %D were 35.28% and 26.45%, respectively, and the average true range (ATR) was 0.35. With the 14-day stochastic at 44.44% and the average true range at 0.37, the RSI (14) stands at 46.62%. The stock has reached 0.04 on the 9-day MACD Oscillator while the 14-day reading was at -0.16.

Analyst Ratings

Bernstein upgraded ICICI Bank Limited (NYSE: IBN) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as a Mkt perform. The consensus rating for ICICI Bank Limited (IBN) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell IBN, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 42 others rate it as a “buy”.

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

Analysts predict a range of price targets between $25.21 and $30.99, with a median target of $27.00. Taking a look at these predictions, the average price target given by analysts for ICICI Bank Limited (IBN) stock is $27.14.


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