HDFC Bank Limited (NYSE:HDB) Given Daily News Impact Rating of 0.21
Headlines about HDFC Bank Limited (NYSE:HDB) have been trending somewhat positive on Monday, Accern Sentiment Analysis reports. Accern scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. HDFC Bank Limited earned a news impact score of 0.21 on Accern’s scale. Accern also gave news headlines about the bank an impact score of 46.3397774326293 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have impacted Accern’s analysis:
- HDFC Bank Limited (NYSE:HDB) Sees Significantly Higher Trading Volume – Modern Readers (modernreaders.com)
- Cliffs Natural Resources Inc. (CLF) noted a price change of -3.61% and HDFC Bank Limited (HDB) closes with a move … – Stocks Gallery (stocksgallery.com)
- Neuberger Berman Group LLC Buys A Little More HDFC Bank Limited (HDB) Stock Last Quarter – First News 24 (firstnewspaper24.com)
- HDFC Bank Limited (HDB) Position Increased by Neuberger Berman Group LLC Last Quarter – First News 24 (firstnewspaper24.com)
- HDFC Bank Limited (HDB) Investment Increased by Neuberger Berman Group LLC – Modern Readers (modernreaders.com)
Shares of HDFC Bank Limited (NYSE HDB) traded up 1.74% on Monday, reaching $95.23. The company had a trading volume of 521,077 shares. HDFC Bank Limited has a 12 month low of $59.00 and a 12 month high of $99.77. The firm has a market capitalization of $488.06 billion, a PE ratio of 206.57 and a beta of 0.87. The firm’s 50 day moving average is $92.19 and its 200 day moving average is $81.50.
The company also recently disclosed a None dividend, which was paid on Thursday, August 3rd. Shareholders of record on Thursday, June 29th were issued a dividend of $0.494 per share. The ex-dividend date of this dividend was Tuesday, June 27th.
Several research analysts recently weighed in on the company. Jefferies Group LLC upgraded HDFC Bank Limited from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Morgan Stanley upgraded HDFC Bank Limited from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 25th. BidaskClub upgraded HDFC Bank Limited from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. Finally, Zacks Investment Research upgraded HDFC Bank Limited from a “hold” rating to a “buy” rating and set a $103.00 target price on the stock in a research note on Friday, July 21st. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. HDFC Bank Limited presently has an average rating of “Buy” and a consensus target price of $103.00.
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HDFC Bank Limited 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.
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