ICICI Bank Ltd. ADR [NYSE: IBN] loss -0.55% or -0.18 points to close at $32.70 with a heavy trading volume of 4274354 shares.
It opened the trading session at $32.88, the shares rose to $32.88 and dropped to $32.585, the range by which the price of stock traded the whole day. The daily chart for IBN points out that the company has recorded 4.77% gains over the past six months.
If we look at the average trading volume of 5.23M shares, IBN reached to a volume of 4274354 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 Ltd. ADR [IBN]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for IBN shares is $38.49 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 1.22. 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 Ltd. ADR 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 Ltd. ADR stock.
The Average True Range (ATR) for ICICI Bank Ltd. ADR is set at 0.44, with the Price to Sales ratio for IBN stock in the period of the last 12 months amounting to 3.35. The Price to Book ratio for the last quarter was 3.38.
Trading performance analysis for IBN stock
ICICI Bank Ltd. ADR [IBN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.21. With this latest performance, IBN shares dropped by -4.66% in over the last four-week period, additionally plugging by 4.77% over the last 6 months – not to mention a rise of 24.52% in the past year of trading.
ICICI Bank Ltd. ADR [IBN]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and ICICI Bank Ltd. ADR [IBN] shares currently have an operating margin of 24.74%. ICICI Bank Ltd. ADR’s Net Margin is presently recorded at 17.33%.
Return on Equity for this stock inclined to 2.03%, with Return on Assets sitting at 2.03%.
ICICI Bank Ltd. ADR [IBN]: 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 IBN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for ICICI Bank Ltd. ADR go to 11.89%.
An analysis of Institutional ownership at ICICI Bank Ltd. ADR [IBN]
The top three institutional holders of IBN stocks are: MORGAN STANLEY with ownership of 56.72 million shares, which is approximately 1.6139%. WCM INVESTMENT MANAGEMENT, LLC, holding 63.57 million shares of the stock with an approximate value of $$1.84 billion in IBN stocks shares; and WCM INVESTMENT MANAGEMENT, LLC, currently with $$1.63 billion in IBN stock with ownership which is approximately 0.8033%.
