The stock of HDFC Bank Limited (NYSE:HDB) decreased by -$1.24 on Tuesday to finish at $63.86, down -1.90 percent. The last five days have seen an average of 1,282,900 shares of common stock traded. 5 times new highs were reached in the current year, with a fall of -$4.55. The average number of shares traded over the last 20 days was 1,641,150, while the average volume over the last 50 days totaled 1,771,794.
HDB stock dropped -9.48% since last month. On 08/15/23, the company’s shares reached a one-month low of $63.74. The stock touched a high of $71.76 on 01/24/23, after rallying from a low of $55.22 in 52 weeks. The price of HDB stock has declined by -6.65% or -$4.55 this year, reaching a new high 5 times. Still, the stock price is down -11.01% from the 52-week high.
Valuation Metrics
Company paid $0.5935 per share in dividends, an increase of 2.24% from $0.5805 last year. A $0.0130 dividend increase was reported on Monday April 17 2023.
Financial Health
Based on annual data, it had gross profit of $11.12 billion and revenue of $20.56 billion.
Earnings Surprise
According to HDFC Bank Limited’s quarterly financial report for the quarter that ended June 29. A higher 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 $0.67, but it ended up being $0.62, beating the consensus by 8.10%. At the end of HDFC Bank Limited’s most recent quarter ended June 29, its total debt was $2.64 trillion.
Technical Picture
Here’s a quick look at HDFC Bank Limited’s (HDB) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 21.20%, suggesting the stock is oversold, with a 13.54% historical volatility rate.
The stochastic %K and %D were 4.99% and 8.57% respectively, while the average true range (ATR) was 1.11. Based on the 14-day stochastic reading of 1.76%, the RSI (14) reading is 30.01%. On the 9-day MACD Oscillator, the stock is at -1.05, and the 14-day reading is at -1.63.
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 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 4 rates it overweight and 38 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 $63.83 and $89.36, with a median target price of $74.03. In analyzing these forecasts, the average price target given by analysts for HDFC Bank Limited (HDB) is $74.52.
