Media coverage about HDFC Bank (NYSE:HDB) has trended somewhat positive recently, InfoTrie reports. The research firm identifies positive and negative press coverage by monitoring more than 6,000 blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. HDFC Bank earned a media sentiment score of 1.67 on their scale. InfoTrie also assigned news articles about the bank an news buzz score of 2 out of 10, indicating that recent press coverage is very unlikely to have an effect on the company’s share price in the next several days.
Several equities analysts have issued reports on the company. Zacks Investment Research upgraded HDFC Bank from a “hold” rating to a “buy” rating and set a $64.00 price objective for the company in a research report on Thursday, October 17th. ValuEngine upgraded HDFC Bank from a “hold” rating to a “buy” rating in a research report on Tuesday, October 15th. Finally, Sanford C. Bernstein downgraded HDFC Bank from an “outperform” rating to a “market perform” rating in a research report on Monday, September 9th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $96.32.
Shares of HDB opened at $58.61 on Tuesday. The stock has a fifty day moving average price of $80.92 and a two-hundred day moving average price of $109.56. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.96 and a current ratio of 0.96. HDFC Bank has a 52-week low of $43.64 and a 52-week high of $65.89. The company has a market cap of $105.65 billion, a price-to-earnings ratio of 35.31, a PEG ratio of 1.13 and a beta of 0.43.
HDFC Bank (NYSE:HDB) last issued its quarterly earnings data on Saturday, July 20th. The bank reported $0.87 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by ($0.03). HDFC Bank had a net margin of 17.98% and a return on equity of 13.23%. The business had revenue of $4.65 billion during the quarter. As a group, research analysts predict that HDFC Bank will post 2.11 EPS for the current fiscal year.
HDFC Bank Company Profile
HDFC Bank Limited provides a range of banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in Treasury, Retail Banking, Wholesale Banking, and Other Banking Business segments. It accepts savings accounts, salary accounts, current accounts, fixed and recurring deposits, demat accounts, safe deposit lockers, and rural accounts, as well as offshore accounts and deposits.
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