HDFC Bank Limited [NYSE: HDB] loss -1.09% or -0.8 points to close at $72.32 with a heavy trading volume of 5001482 shares. The company report on June 3, 2021 that HDFC Bank Commits To Becoming Carbon Neutral By 2031-32.
Announces plan ahead of World Environment Day on June 5.
Plans to achieve this by reducing consumption & resource footprint, moving towards renewable energy and offsets.
It opened the trading session at $73.245, the shares rose to $73.83 and dropped to $71.99, the range by which the price of stock traded the whole day. The daily chart for HDB points out that the company has recorded 0.44% gains over the past six months. However, it is still -59.3% lower than its most recent low trading price.
If we look at the average trading volume of 1.49M shares, HDB reached to a volume of 5001482 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 HDFC Bank Limited [HDB]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HDB shares is $94.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HDB 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 HDFC Bank Limited shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on September 09, 2019. The new note on the price target was released on June 11, 2019, representing the official price target for HDFC Bank Limited stock.
The Average True Range (ATR) for HDFC Bank Limited is set at 1.27, with the Price to Sales ratio for HDB stock in the period of the last 12 months amounting to 0.17. The Price to Book ratio for the last quarter was 0.38.
Trading performance analysis for HDB stock
HDFC Bank Limited [HDB] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.22. With this latest performance, HDB shares dropped by -5.37% in over the last four-week period, additionally plugging by 0.44% over the last 6 months – not to mention a rise of 50.89% 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 HDB stock in for the last two-week period is set at 36.73, with the RSI for the last a single of trading hit 26.91, and the three-weeks RSI is set at 42.05 for HDFC Bank Limited [HDB]. The present Moving Average for the last 50 days of trading for this stock 73.56, while it was recorded at 73.71 for the last single week of trading, and 70.44 for the last 200 days.
HDFC Bank Limited [HDB]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and HDFC Bank Limited [HDB] shares currently have an operating margin of +27.16. HDFC Bank Limited’s Net Margin is presently recorded at +20.23.
Return on Total Capital for HDB is now 10.91, given the latest momentum, and Return on Invested Capital for the company is 8.22. Return on Equity for this stock inclined to 16.49, with Return on Assets sitting at 1.88. When it comes to the capital structure of this company, HDFC Bank Limited [HDB] has a Total Debt to Total Equity ratio set at 91.61. Additionally, HDB Total Debt to Total Capital is recorded at 47.81, with Total Debt to Total Assets ending up at 10.68. Long-Term Debt to Equity for the company is recorded at 89.77, with the Long-Term Debt to Total Capital now at 46.85.
Reflecting on the efficiency of the workforce at the company, HDFC Bank Limited [HDB] managed to generate an average of $2,650,713 per employee.
HDFC Bank Limited [HDB]: An earnings per share (EPS) analysis
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 HDB. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for HDFC Bank Limited go to 23.80%.
An analysis of insider ownership at HDFC Bank Limited [HDB]
Positions in HDFC Bank Limited stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 244 institutional holders increased their position in HDFC Bank Limited [NYSE:HDB] by around 25,902,179 shares. Additionally, 217 investors decreased positions by around 20,007,428 shares, while 80 investors held positions by with 311,526,728 shares. The mentioned changes placed institutional holdings at 357,436,335 shares, according to the latest SEC report filing. HDB stock had 61 new institutional investments in for a total of 10,559,090 shares, while 32 institutional investors sold positions of 2,281,069 shares during the same period.