HDFC Bank Ltd. ADR [NYSE: HDB] gained 0.55% or 0.32 points to close at $58.36 with a heavy trading volume of 4307074 shares.
The daily chart for HDB points out that the company has recorded 5.21% gains over the past six months.
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If we look at the average trading volume of 2.74M shares, HDB reached to a volume of 4307074 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 Ltd. ADR [HDB]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HDB shares is $67.33 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 1.53. 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.
JP Morgan have made an estimate for HDFC Bank Ltd. ADR shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on July 22, 2024. The new note on the price target was released on September 09, 2019, representing the official price target for HDFC Bank Ltd. ADR stock.
The Average True Range (ATR) for HDFC Bank Ltd. ADR is set at 1.14, with the Price to Sales ratio for HDB stock in the period of the last 12 months amounting to 2.65. The Price to Book ratio for the last quarter was 2.59.
Trading performance analysis for HDB stock
HDFC Bank Ltd. ADR [HDB] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.59. With this latest performance, HDB shares dropped by -5.75% in over the last four-week period, additionally plugging by 5.21% over the last 6 months – not to mention a drop of -12.67% 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 38.64, with the RSI for the last a single of trading hit 33.78, and the three-weeks RSI is set at 42.49 for HDFC Bank Ltd. ADR [HDB]. The present Moving Average for the last 50 days of trading for this stock 60.75, while it was recorded at 59.38 for the last single week of trading, and 58.86 for the last 200 days.
HDFC Bank Ltd. ADR [HDB]: A deeper dive into fundamental analysis
HDFC Bank Ltd. ADR’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.27.
HDFC Bank Ltd. ADR [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 Ltd. ADR go to 12.70%.
An analysis of Institutional ownership at HDFC Bank Ltd. ADR [HDB]
The top three institutional holders of HDB stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in HDB stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in HDB stock with ownership which is approximately 5.1238%.
