HDFC Bank Limited (NYSE:HDB - Get Free Report)'s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $75.34 and last traded at $74.62, with a volume of 594227 shares changing hands. The stock had previously closed at $72.04.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on HDB. Nomura raised HDFC Bank from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. StockNews.com raised shares of HDFC Bank from a "sell" rating to a "hold" rating in a report on Thursday. Finally, Nomura Securities raised shares of HDFC Bank from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 23rd.
View Our Latest Research Report on HDFC Bank
HDFC Bank Stock Performance
The company has a debt-to-equity ratio of 1.26, a current ratio of 0.09 and a quick ratio of 0.09. The company has a market cap of $182.33 billion, a price-to-earnings ratio of 21.89, a PEG ratio of 2.12 and a beta of 0.68. The firm has a 50 day simple moving average of $64.31 and a 200-day simple moving average of $63.35.
HDFC Bank (NYSE:HDB - Get Free Report) last issued its quarterly earnings data on Saturday, April 19th. The bank reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.11. The firm had revenue of $5.04 billion for the quarter, compared to analyst estimates of $434.68 billion. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. As a group, analysts predict that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.
Hedge Funds Weigh In On HDFC Bank
A number of hedge funds have recently made changes to their positions in HDB. Whipplewood Advisors LLC acquired a new position in HDFC Bank during the fourth quarter worth $29,000. Graney & King LLC acquired a new position in HDFC Bank during the 4th quarter worth about $38,000. Brown Brothers Harriman & Co. boosted its holdings in HDFC Bank by 63.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 617 shares of the bank's stock valued at $39,000 after acquiring an additional 240 shares during the period. Sierra Ocean LLC acquired a new position in HDFC Bank in the 4th quarter valued at about $42,000. Finally, NBC Securities Inc. purchased a new stake in HDFC Bank during the first quarter worth about $55,000. Hedge funds and other institutional investors own 17.61% of the company's stock.
HDFC Bank Company Profile
(
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HDFC Bank Limited provides banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in three segments: Wholesale Banking, Retail Banking, and Treasury Services. It accepts savings, salary, current, rural, public provident fund, pension, and demat accounts; fixed and recurring deposits; and safe deposit lockers, as well as offshore accounts and deposits, and overdrafts against fixed deposits.
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