Market Focus: Tracking Shares of Hdfc Bank Ltd (HDB)

Lloyd Doyle
October 13, 2017

Therefore 33% are positive.

HDFC Bank Limited (NYSE:HDB)'s shares may have a significant upside to the consensus target of 110.75, but how has it been performing relative to the market? One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. As per Wednesday, September 14, the company rating was maintained by Goldman Sachs. After a recent check, HDFC Bank Limited's 14-day RSI is now at 46.49, the 7-day stands at 38.81, and the 3-day is sitting at 28.81. The stock of HDFC Bank Limited (ADR) (NYSE:HDB) has "Equal-Weight" rating given on Tuesday, March 21 by Morgan Stanley.

Osmium Partners Llc decreased Cra Intl Inc (Call) (CRAI) stake by 9.27% reported in 2017Q2 SEC filing. Cra Intl Inc (Call) now has $351.83M valuation. The NSE listed company saw a recent bid of 1789.70 and 34249 shares have traded hands in the session. American Express Company (NYSE:AXP) has risen 22.41% since October 12, 2016 and is uptrending. It has outperformed by 85.82% the S&P500.

HDFC Bank Limited (HDFCBANK.NS) now has a 14-day Commodity Channel Index (CCI) of -72.19. The company has market cap of $1.05 billion. The Bank offers a range of banking services covering commercial and investment banking on the wholesale side and transactional/branch banking on the retail side. It has a 32.98 P/E ratio. The Florida-based Raymond James Financial Services Advisors Inc. has invested 1.59% in the stock. About 3.28 million shares traded or 53.27% up from the average.


The most recently updated ratings and price targets from brokers issued for HDFC Bank Limited (NYSE:HDB) are included below. It has outperformed by 19.53% the S&P500.

Investors sentiment decreased to 0.81 in Q2 2017. Its up 0.04, from 0.78 in 2017Q1. It is negative, as 8 investors sold CRAI shares while 34 reduced holdings. Wells Fargo & Communications Mn stated it has 0% in CRA International, Inc. JPMorgan Chase & Co. now owns 13,660,481 shares of the bank's stock worth $982,052,000 after buying an additional 286,407 shares during the last quarter. National Bank Of Montreal Can invested in 0.13% or 1.57 million shares. Dsm Capital Partners Llc sold 26,543 shares as Hdfc Bank (HDB)'s stock rose 20.33%.

Manatuck Hill Partners Llc holds 4.95% of its portfolio in MGP Ingredients Inc for 192,600 shares. New York State Teachers Retirement Sys owns 700 shares for 0% of their portfolio. Sprucegrove Investment Mgmt Limited holds 1.41% of its portfolio in American Express Company (NYSE:AXP) for 279,300 shares. Glob X Mngmt Ltd Liability Corp holds 2,002 shares. Gofen & Glossberg Llc sold 4,816 shares as American Express (AXP)'s stock declined 3.65%. Markston Interest Limited Liability has invested 2.24% in American Express Company (NYSE:AXP). (NASDAQ:CRAI) for 44,669 shares. Finally, Vontobel Asset Management Inc. increased its position in HDFC Bank Limited by 7.4% in the first quarter. It remains to be seen whether optimism or pessimism will rule going in to the next round of quarterly earnings reporting. They expect $0.35 earnings per share, down 36.36% or $0.20 from last year's $0.55 per share. The expected HDB's profit could reach $688.43M giving the stock 30.86 P/E in the case that $0.77 earnings per share is reported.

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