News coverage about HDFC Bank (NYSE:HDB) has been trending positive this week, InfoTrie Sentiment reports. The research group rates the sentiment of press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. HDFC Bank earned a media sentiment score of 2.89 on their scale. InfoTrie also assigned headlines about the bank an news buzz score of 10 out of 10, indicating that recent press coverage is extremely likely to have an effect on the stock’s share price in the near future.
A number of equities analysts recently commented on the company. TheStreet downgraded HDFC Bank from a “b-” rating to a “c+” rating in a research note on Tuesday, March 31st. ValuEngine upgraded HDFC Bank from a “sell” rating to a “hold” rating in a research note on Thursday, March 5th. Finally, Zacks Investment Research cut shares of HDFC Bank from a “hold” rating to a “sell” rating in a report on Tuesday, March 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. HDFC Bank has a consensus rating of “Hold” and an average price target of $92.82.
Shares of NYSE HDB opened at $36.72 on Friday. The firm’s 50-day moving average price is $39.33 and its two-hundred day moving average price is $53.06. HDFC Bank has a 52-week low of $29.50 and a 52-week high of $65.89. The stock has a market capitalization of $67.54 billion, a P/E ratio of 18.22, a P/E/G ratio of 1.22 and a beta of 0.83.
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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