Friday, January 15, 2021

ICICI Bank Limited [IBN] Stock trading around $15.21 per share: What’s Next?

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ICICI Bank Limited [NYSE: IBN] surged by $0.34 during the normal trading session on Tuesday and reaching a high of $15.21 during the day while it closed the day at $15.21. The company report on December 21, 2020 that ICICI Bank Canada Visa* Debit Card launched.

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ICICI Bank Limited stock has also gained 2.77% of its value over the past 7 days. However, IBN stock has inclined by 37.65% in the 3 months of the year. Over the past six months meanwhile, it has gained 63.20% and gained 2.36% year-on date.

The market cap for IBN stock reached $51.87 billion, with 3.45 billion shares outstanding and 3.43 billion shares in the current float. Compared to the average trading volume of 8.02M shares, IBN reached a trading volume of 15816966 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about ICICI Bank Limited [IBN]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for IBN shares is $18.67 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on IBN stock is a recommendation set at 1.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Bernstein have made an estimate for ICICI Bank Limited shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on July 14, 2020. The new note on the price target was released on January 16, 2018, representing the official price target for ICICI Bank Limited stock.

The Average True Range (ATR) for ICICI Bank Limited is set at 0.30, with the Price to Sales ratio for IBN stock in the period of the last 12 months amounting to 4.33. The Price to Book ratio for the last quarter was 2.56, with the Price to Cash per share for the same quarter was set at 5.91.

IBN stock trade performance evaluation

ICICI Bank Limited [IBN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.77. With this latest performance, IBN shares gained by 9.35% in over the last four-week period, additionally plugging by 63.20% over the last 6 months – not to mention a rise of 0.86% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for IBN stock in for the last two-week period is set at 66.55, with the RSI for the last a single of trading hit 67.45, and the three-weeks RSI is set at 65.93 for ICICI Bank Limited [IBN]. The present Moving Average for the last 50 days of trading for this stock 13.59, while it was recorded at 15.02 for the last single week of trading, and 10.61 for the last 200 days.

ICICI Bank Limited [IBN]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and ICICI Bank Limited [IBN] shares currently have an operating margin of +15.39. ICICI Bank Limited’s Net Margin is presently recorded at +6.37.

Return on Total Capital for IBN is now 4.72, given the latest momentum, and Return on Invested Capital for the company is 1.99. Return on Equity for this stock inclined to 8.07, with Return on Assets sitting at 0.73. When it comes to the capital structure of this company, ICICI Bank Limited [IBN] has a Total Debt to Total Equity ratio set at 402.29. Additionally, IBN Total Debt to Total Capital is recorded at 80.09, with Total Debt to Total Assets ending up at 35.84. Long-Term Debt to Equity for the company is recorded at 397.02, with the Long-Term Debt to Total Capital now at 79.04.

Reflecting on the efficiency of the workforce at the company, ICICI Bank Limited [IBN] managed to generate an average of $963,190 per employee.

Earnings per share (EPS) analysis for ICICI Bank Limited [IBN] stock

With the latest financial reports released by the company, ICICI Bank Limited posted 0.2/share EPS, while the average EPS was predicted by analysts to be reported at 0.18/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 11.10%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for IBN.

ICICI Bank Limited [IBN]: Insider Ownership positions

There are presently around $8,987 million, or 18.50% of IBN stock, in the hands of institutional investors. The top three institutional holders of IBN stocks are: FMR LLC with ownership of 54,025,137, which is approximately 10.498% of the company’s market cap and around 62.40% of the total institutional ownership; HARDING LOEVNER LP, holding 51,342,058 shares of the stock with an approximate value of $763.46 million in IBN stocks shares; and MORGAN STANLEY, currently with $674.06 million in IBN stock with ownership of nearly 125.133% of the company’s market capitalization.

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Positions in ICICI Bank Limited stocks held by institutional investors increased at the end of January and at the time of the January reporting period, where 150 institutional holders increased their position in ICICI Bank Limited [NYSE:IBN] by around 70,410,879 shares. Additionally, 152 investors decreased positions by around 21,735,690 shares, while 46 investors held positions by with 512,253,657 shares. The mentioned changes placed institutional holdings at 604,400,226 shares, according to the latest SEC report filing. IBN stock had 39 new institutional investments in for a total of 8,988,179 shares, while 35 institutional investors sold positions of 1,955,019 shares during the same period.

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