HDFC Bank Ltd. (NYSE:HDB) – Research analysts at Jefferies Group dropped their FY2018 earnings estimates for HDFC Bank in a report issued on Monday. Jefferies Group analyst N. Karfa now expects that the firm will post earnings per share of $2.93 for the year, down from their prior forecast of $3.16. Jefferies Group also issued estimates for HDFC Bank’s FY2019 earnings at $3.65 EPS.

Earnings History and Estimates for HDFC Bank (NYSE:HDB)

Separately, Goldman Sachs Group Inc. reissued a “buy” rating on shares of HDFC Bank in a report on Wednesday, September 14th.

HDFC Bank (NYSE:HDB) traded up 0.34% during mid-day trading on Tuesday, hitting $62.86. The company had a trading volume of 939,247 shares. The firm has a market cap of $317.84 billion, a P/E ratio of 170.12 and a beta of 1.32. HDFC Bank has a 52-week low of $51.11 and a 52-week high of $74.04. The stock’s 50 day moving average price is $69.68 and its 200 day moving average price is $68.66.

A number of hedge funds have recently made changes to their positions in HDB. Rockefeller Financial Services Inc. boosted its stake in shares of HDFC Bank by 3.6% in the second quarter. Rockefeller Financial Services Inc. now owns 9,609 shares of the company’s stock valued at $638,000 after buying an additional 332 shares during the last quarter. Boston Common Asset Management LLC boosted its stake in shares of HDFC Bank by 5.0% in the second quarter. Boston Common Asset Management LLC now owns 48,170 shares of the company’s stock valued at $3,196,000 after buying an additional 2,290 shares during the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of HDFC Bank during the second quarter valued at about $537,000. Handelsbanken Fonder AB purchased a new stake in shares of HDFC Bank during the second quarter valued at about $2,986,000. Finally, Hexavest Inc. boosted its stake in shares of HDFC Bank by 13.6% in the second quarter. Hexavest Inc. now owns 55,804 shares of the company’s stock valued at $3,703,000 after buying an additional 6,702 shares during the last quarter. Hedge funds and other institutional investors own 17.68% of the company’s stock.

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HDFC Bank Company Profile

HDFC Bank Limited (the Bank) is a holding company. 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 also offers financial services. The Bank’s segments include Treasury, Retail banking, Wholesale banking and Other banking business.

5 Day Chart for NYSE:HDB

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