ICICI Bank Limited [IBN] Revenue clocked in at $11.86 billion, down -1.75% YTD: What’s Next?

ICICI Bank Limited [NYSE: IBN] loss -2.34% or -0.35 points to close at $14.60 with a heavy trading volume of 7187994 shares. The company report on December 21, 2020 that ICICI Bank Canada Visa* Debit Card launched.

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The card enables customers to shop online and at merchant outlets across the world on Visa network.

Allows quick contactless payments at PoS machines across the country.

It opened the trading session at $14.86, the shares rose to $14.90 and dropped to $14.59, the range by which the price of stock traded the whole day. The daily chart for IBN points out that the company has recorded 33.21% gains over the past six months. However, it is still -90.6% lower than its most recent low trading price.

If we look at the average trading volume of 8.27M shares, IBN reached to a volume of 7187994 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $22.10 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 0.41, with the Price to Sales ratio for IBN stock in the period of the last 12 months amounting to 4.29. The Price to Book ratio for the last quarter was 2.47, with the Price to Cash per share for the same quarter was set at 5.70.

Trading performance analysis for IBN stock

ICICI Bank Limited [IBN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.34. With this latest performance, IBN shares dropped by -9.71% in over the last four-week period, additionally plugging by 33.21% over the last 6 months – not to mention a rise of 58.52% 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 36.54, with the RSI for the last a single of trading hit 34.50, and the three-weeks RSI is set at 39.14 for ICICI Bank Limited [IBN]. The present Moving Average for the last 50 days of trading for this stock 16.47, while it was recorded at 14.98 for the last single week of trading, and 13.08 for the last 200 days.

ICICI Bank Limited [IBN]: A deeper dive into fundamental analysis

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.

ICICI Bank Limited [IBN]: An earnings per share (EPS) analysis

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.

An analysis of insider ownership at ICICI Bank Limited [IBN]

There are presently around $9,649 million, or 20.00% of IBN stock, in the hands of institutional investors. The top three institutional holders of IBN stocks are: MORGAN STANLEY with ownership of 58,511,877, which is approximately 29.08% of the company’s market cap and around 62.40% of the total institutional ownership; HARDING LOEVNER LP, holding 51,108,177 shares of the stock with an approximate value of $746.18 million in IBN stocks shares; and INVESCO LTD., currently with $585.81 million in IBN stock with ownership of nearly 0.158% 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 April and at the time of the April reporting period, where 202 institutional holders increased their position in ICICI Bank Limited [NYSE:IBN] by around 135,111,316 shares. Additionally, 118 investors decreased positions by around 78,824,625 shares, while 58 investors held positions by with 446,970,522 shares. The mentioned changes placed institutional holdings at 660,906,463 shares, according to the latest SEC report filing. IBN stock had 62 new institutional investments in for a total of 59,607,486 shares, while 26 institutional investors sold positions of 469,837 shares during the same period.

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