HDFC Bank Ltd. ADR [NYSE: HDB] price plunged by -2.26 percent to reach at -$1.41.
The one-year HDB stock forecast points to a potential upside of 10.23. The average equity rating for HDB stock is currently 1.51, trading closer to a bullish pattern in the stock market.
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Guru’s Opinion on 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 $67.82 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 1.51. 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 1.05, with the Price to Sales ratio for HDB stock in the period of the last 12 months amounting to 2.77. The Price to Book ratio for the last quarter was 2.71.
HDB Stock Performance Analysis:
HDFC Bank Ltd. ADR [HDB] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.25. With this latest performance, HDB shares dropped by -4.07% in over the last four-week period, additionally plugging by 6.10% over the last 6 months – not to mention a rise of 4.53% 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 45.34, with the RSI for the last a single of trading hit 44.16, and the three-weeks RSI is set at 46.76 for HDFC Bank Ltd. ADR [HDB]. The present Moving Average for the last 50 days of trading for this stock 61.67, while it was recorded at 61.38 for the last single week of trading, and 59.05 for the last 200 days.
Insight into HDFC Bank Ltd. ADR Fundamentals:
HDFC Bank Ltd. ADR’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.27.
HDB Stock EPS
With the latest financial reports released by the company, HDFC Bank Ltd. ADR posted 0.8/share EPS, while the average EPS was predicted by analysts to be reported at 0.45/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.35. 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 10.41%.
HDFC Bank Ltd. ADR [HDB] Institutonal Ownership Details
The top three institutional holders of HDB stocks are: MORGAN STANLEY with ownership of 16.84 million shares, which is approximately 0.2209%. FIL LTD, holding 13.98 million shares of the stock with an approximate value of $$899.08 million in HDB stocks shares; and FIL LTD, currently with $$839.33 million in HDB stock with ownership which is approximately 0.1712%.
