Positive News Coverage Somewhat Unlikely to Impact HDFC Bank Limited (NYSE:HDB) Share Price
News headlines about HDFC Bank Limited (NYSE:HDB) have been trending positive recently, according to Accern Sentiment. The research group rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. HDFC Bank Limited earned a news sentiment score of 0.27 on Accern’s scale. Accern also assigned news stories about the bank an impact score of 46.7135771937987 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern’s rankings:
- Banking Stocks on Investors’ Radar — Banco Santander, Grupo Financiero Santander Mexico, First Bancorp, and HDFC Bank (bizjournals.com)
- Risky Play or Bargain? Update on HDFC Bank Limited (NYSE:HDB … – FLBC News (flbcnews.com)
- Share Performance in View for HDFC Bank Limited (NYSE:HDB) – Jonesboro Recorder (jonesbororecorder.com)
- HDFC Bank Ltd (HDB)’s MFI Reading Under The Lens – Evergreen Caller (evergreencaller.com)
- HDFC Bank Limited 20-F Available Online (finance.yahoo.com)
Shares of HDFC Bank Limited (HDB) traded down 0.91% on Friday, hitting $97.41. 1,006,680 shares of the stock traded hands. HDFC Bank Limited has a 12-month low of $59.00 and a 12-month high of $99.77. The firm’s 50-day moving average is $90.36 and its 200 day moving average is $79.99. The firm has a market cap of $499.24 billion, a P/E ratio of 212.22 and a beta of 0.87.
The business also recently declared a None dividend, which was paid on Thursday, August 3rd. Investors of record on Thursday, June 29th were paid a $0.494 dividend. The ex-dividend date was Tuesday, June 27th.
Several equities analysts have weighed in on HDB shares. Zacks Investment Research lowered shares of HDFC Bank Limited from a “buy” rating to a “hold” rating in a report on Wednesday, May 31st. Morgan Stanley raised shares of HDFC Bank Limited from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 25th. BidaskClub downgraded shares of HDFC Bank Limited from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 24th. Finally, Jefferies Group LLC raised shares of HDFC Bank Limited from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $103.00.
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About HDFC Bank Limited
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.
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