ICICI Bank Limited [IBN] is -3.20% lower this YTD. Is it still time to buy?

ICICI Bank Limited [NYSE: IBN] jumped around 0.06 points on Wednesday, while shares priced at $21.19 at the close of the session, up 0.28%. The company report on August 19, 2022 that RBC and ICICI Bank Canada collaborate to create a seamless banking experience for newcomers to Canada.

From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio

The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.

Get our free report, "Top 5 AI Stocks to Buy for 2023".


Collaboration agreement to focus on building banking solutions that simplify the financial transition for newcomers from the time they choose Canada to their arrival and beyond.

Royal Bank of Canada (RBC) and ICICI Bank Canada, a wholly-owned subsidiary of ICICI Bank, today announced a collaboration to bring integrated banking solutions to newcomers moving to Canada. With this arrangement, newcomers will benefit from the trust of the ICICI Bank brand, combined with RBC’s network, offerings and scale in Canada.

ICICI Bank Limited stock is now -3.20% down from its year-to-date (YTD) trading value. IBN Stock saw the intraday high of $21.29 and lowest of $21.085 per share. The company’s 52-week high price is 23.75, which means current price is +6.38% above from all time high which was touched on 01/03/23.

Compared to the average trading volume of 7.24M shares, IBN reached a trading volume of 3709609 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus 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 $28.63 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. While these analysts kept the previous recommendation, Morgan Stanley raised their target price to Overweight. 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 0.32, with the Price to Sales ratio for IBN stock in the period of the last 12 months amounting to 5.33. The Price to Book ratio for the last quarter was 2.98, with the Price to Cash per share for the same quarter was set at 4.98.

How has IBN stock performed recently?

ICICI Bank Limited [IBN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.57. With this latest performance, IBN shares gained by 2.66% in over the last four-week period, additionally sinking by -4.29% over the last 6 months – not to mention a rise of 29.29% 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 56.16, with the RSI for the last a single of trading hit 62.40, and the three-weeks RSI is set at 52.49 for ICICI Bank Limited [IBN]. The present Moving Average for the last 50 days of trading for this stock 21.05, while it was recorded at 21.12 for the last single week of trading, and 21.05 for the last 200 days.

ICICI Bank Limited [IBN]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and ICICI Bank Limited [IBN] shares currently have an operating margin of +22.77. ICICI Bank Limited’s Net Margin is presently recorded at +15.96.

Return on Total Capital for IBN is now 10.28, given the latest momentum, and Return on Invested Capital for the company is 8.38. Return on Equity for this stock inclined to 14.79, with Return on Assets sitting at 1.51. When it comes to the capital structure of this company, ICICI Bank Limited [IBN] has a Total Debt to Total Equity ratio set at 97.05. Additionally, IBN Total Debt to Total Capital is recorded at 49.25, with Total Debt to Total Assets ending up at 10.06. Long-Term Debt to Equity for the company is recorded at 52.05, with the Long-Term Debt to Total Capital now at 26.41.

Reflecting on the efficiency of the workforce at the company, ICICI Bank Limited [IBN] managed to generate an average of $2,372,368 per employee.

Earnings analysis for ICICI Bank Limited [IBN]

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. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for ICICI Bank Limited go to 21.30%.

Insider trade positions for ICICI Bank Limited [IBN]

There are presently around $13,531 million, or 17.50% of IBN stock, in the hands of institutional investors. The top three institutional holders of IBN stocks are: WCM INVESTMENT MANAGEMENT, LLC with ownership of 58,357,392, which is approximately 41771.676% of the company’s market cap and around 62.40% of the total institutional ownership; GQG PARTNERS LLC, holding 53,915,138 shares of the stock with an approximate value of $1.14 billion in IBN stocks shares; and MORGAN STANLEY, currently with $855.39 million in IBN stock with ownership of nearly -13.624% of the company’s market capitalization.

Positions in ICICI Bank Limited stocks held by institutional investors increased at the end of Saturday and at the time of the Saturday reporting period, where 256 institutional holders increased their position in ICICI Bank Limited [NYSE:IBN] by around 122,973,508 shares. Additionally, 183 investors decreased positions by around 43,543,146 shares, while 57 investors held positions by with 472,028,410 shares. The mentioned changes placed institutional holdings at 638,545,064 shares, according to the latest SEC report filing. IBN stock had 103 new institutional investments in for a total of 34,844,805 shares, while 27 institutional investors sold positions of 1,128,780 shares during the same period.


Please enter your comment!
Please enter your name here