HDFC Bank Ltd. ADR (NYSE:HDB) finished Friday with a subtraction of -$0.12 to close at $59.01, a downside of -0.20 percent. An average of 2,536,280 shares of common stock have been traded in the last five days. There was a gain of $0.14 in the past week, and it reached a new high 17 times over the past 12 months. The last 20 days have seen an average of 2,626,135 shares traded, while the 50-day average volume stands at 1,993,822.
HDB stock has decreased by -7.33% in the last month. The company shares reached their 1-month lowest point of $57.95 on 09/26/23. 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 -13.74% or -$9.40 in price. In spite of this, the price is down -17.77% from the 52-week high.
Valuation Metrics
HDFC Bank Ltd. ADR (HDB) has a trailing price-to-earnings (P/E) ratio of 18.44. The stock’s beta is 0.77. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 5.49, the price-to-book (PB) ratio at 2.97.
The company has a payout ratio of 18.88%. 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
Further, the company has a long term debt to equity ratio of 0.87 and a total debt to equity ratio of 0.87 for the quarter ending March 30. Its gross profit as reported stood at $11.12 billion compared to revenue of $20.56 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, HDFC Bank Ltd. ADR’s return on assets was 2.03%.
Earnings Surprise
For the three-month period that ended March 30, HDFC Bank Ltd. ADR had $25.0 billion in total debt. The analyst consensus anticipated HDFC Bank Ltd. ADR’s latest quarter earnings to come in at $0.77 per share, but it turned out to be $0.82, a 6.50% surprise. At the end of the quarter ending March 30, HDFC Bank Ltd. ADR’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 Ltd. ADR (HDB) price momentum. RSI 9-day as of the close on 29 September was 31.69%, suggesting the stock is Neutral, with historical volatility in this time frame at 31.23%.
As of today, HDB’s price is $58.68 +0.24% or $0.14 from its 5-day moving average. HDB is currently trading -5.30% lower than its 20-day SMA and -12.08% lower than its 100-day SMA. However, the stock’s current price level is -16.90% below the SMA50 and -14.86% below the SMA200.
The stochastic %K and %D were 11.02% and 7.48%, respectively, and the average true range (ATR) was 1.05. With the 14-day stochastic at 12.83% and the average true range at 1.07, the RSI (14) stands at 33.18%. The stock has reached -0.45 on the 9-day MACD Oscillator while the 14-day reading was at -2.53.
Analyst Ratings
Bernstein downgraded HDFC Bank Ltd. ADR (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 Ltd. ADR (HDB) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell HDB, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 5 analysts, while 36 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 $60.96 and $84.07, with a median target of $72.06. Taking a look at these predictions, the average price target given by analysts for HDFC Bank Ltd. ADR (HDB) stock is $71.63.
