HDFC Bank Limited (NYSE:HDB) finished Friday with a subtraction of -$0.32 to close at $62.73, a downside of -0.51 percent. An average of 1,781,320 shares of common stock have been traded in the last five days. There was a fall of -$0.12 in the past week, and it reached a new high 14 times over the past 12 months. The last 20 days have seen an average of 1,486,875 shares traded, while the 50-day average volume stands at 1,866,666.
HDB stock has decreased by -8.11% in the last month. The company shares reached their 1-month lowest point of $62.39 on 08/25/23. With the stock rallying to its 52-week high on 01/24/23, shares of the company touched a low of $55.22 and a high of $71.76 in 52 weeks. It has reached a new high 5 times so far this year and lost -8.30% or -$5.68 in price. In spite of this, the price is down -12.58% from the 52-week high.
The company has a payout ratio of 21.40%. The company’s most recent quarterly dividend payment was $0.5935 a share, representing a up of 2.24% from $0.5805 last year. Its latest increase dividend $0.0130 reported on Monday April 17 2023.
Financial Health
Its gross profit as reported stood at $11.12 billion compared to revenue of $20.56 billion.
Earnings Surprise
For the three-month period that ended June 29, HDFC Bank Limited had $25.0 billion in total debt. The analyst consensus anticipated HDFC Bank Limited’s latest quarter earnings to come in at $0.62 per share, but it turned out to be $0.67, a 8.10% surprise. At the end of the quarter ending June 29, HDFC Bank Limited’s stock balance sheet showed total debt was $2.64 trillion.
Technical Picture
From a technical analysis perspective, let’s take a brief look at HDFC Bank Limited (HDB) price momentum. RSI 9-day as of the close on 25 August was 30.59%, suggesting the stock is Neutral, with historical volatility in this time frame at 16.00%.
As of today, HDB’s price is $63.25 -0.19% or -$0.12 from its 5-day moving average. HDB is currently trading -7.87% lower than its 20-day SMA and -6.04% lower than its 100-day SMA. However, the stock’s current price level is -2.53% below the SMA50 and -2.46% below the SMA200.
The stochastic %K and %D were 15.29% and 17.42%, respectively, and the average true range (ATR) was 0.98. With the 14-day stochastic at 6.61% and the average true range at 1.03, the RSI (14) stands at 33.13%. The stock has reached -0.10 on the 9-day MACD Oscillator while the 14-day reading was at -1.16.
Analyst Ratings
Bernstein downgraded HDFC Bank Limited (NYSE: HDB) to a a Mkt perform rating in its most recent analyst report. Previously, the stock was rated as an Outperform. The consensus rating for HDFC Bank Limited (HDB) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell HDB, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 4 analysts, while 38 others rate it as a “buy”.
What is HDB’s price target for the next 12 months?
Analysts predict a range of price targets between $62.75 and $89.36, with a median target of $74.03. Taking a look at these predictions, the average price target given by analysts for HDFC Bank Limited (HDB) stock is $74.47.
