Favorable Press Coverage Extremely Likely to Affect HDFC Bank (NYSE:HDB) Share Price

News headlines about HDFC Bank (NYSE:HDB) have been trending positive recently, according to InfoTrie Sentiment. The research group rates the sentiment of news coverage by monitoring more than 6,000 news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. HDFC Bank earned a news sentiment score of 2.80 on their scale. InfoTrie also assigned news articles about the bank an news buzz score of 10 out of 10, meaning that recent news coverage is extremely likely to have an impact on the stock’s share price in the near term.

Here are some of the news headlines that may have effected HDFC Bank’s score:

HDB has been the subject of several research reports. Sanford C. Bernstein downgraded HDFC Bank from an “outperform” rating to a “market perform” rating in a research report on Monday, September 9th. Zacks Investment Research raised HDFC Bank from a “hold” rating to a “buy” rating and set a $66.00 target price for the company in a research report on Friday, October 25th. Finally, ValuEngine downgraded HDFC Bank from a “hold” rating to a “sell” rating in a research report on Friday. One analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $97.32.

NYSE HDB opened at $61.57 on Friday. The company has a market cap of $111.17 billion, a P/E ratio of 37.09, a P/E/G ratio of 1.27 and a beta of 0.43. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a 50-day moving average of $71.05 and a two-hundred day moving average of $106.61. HDFC Bank has a 1-year low of $44.33 and a 1-year high of $65.89.

About HDFC Bank

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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