HDFC Bank Limited (NYSE:HDB) Given Daily News Impact Rating of 0.37
News stories about HDFC Bank Limited (NYSE:HDB) have trended positive on Saturday, according to Accern Sentiment. The research firm ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources. 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 coverage optimism score of 0.37 on Accern’s scale. Accern also assigned news coverage about the bank an impact score of 47.8318060600364 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news articles that may have effected Accern Sentiment’s analysis:
- HDFC Bank Limited (HDB) Given Average Recommendation of “Buy” by Brokerages (americanbankingnews.com)
- Shares Seesawing on Volume: HDFC Bank Ltd (HDB) – Sparta Review (spartareview.com)
- Honing in on Shares of CVS Health Corporation (NYSE:CVS) and HDFC Bank Limited (NYSE:HDB) – FLBC News (flbcnews.com)
- HDFC Bank Ltd. : HDB-US: Dividend Analysis : June 29th, 2017 (record date) : By the numbers : August 16, 2017 (finance.yahoo.com)
- HDFC Bank Limited (HDB) Rating Lowered to Hold at Zacks Investment Research (americanbankingnews.com)
A number of research firms recently commented on HDB. BidaskClub lowered shares of HDFC Bank Limited from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 24th. Zacks Investment Research raised shares of HDFC Bank Limited from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a research report on Thursday, June 1st. Jefferies Group LLC raised shares of HDFC Bank Limited from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Finally, Morgan Stanley upgraded shares of HDFC Bank Limited from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 25th. One investment 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. The stock presently has an average rating of “Buy” and an average target price of $107.00.
Shares of HDFC Bank Limited (HDB) traded up 0.10% during midday trading on Friday, reaching $94.33. 423,115 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $93.31 and a 200 day moving average price of $82.44. HDFC Bank Limited has a 12 month low of $59.00 and a 12 month high of $99.77. The company has a market cap of $483.45 billion, a P/E ratio of 204.18 and a beta of 0.87.
The firm also recently disclosed a None dividend, which was paid on Thursday, August 3rd. Investors of record on Thursday, June 29th were issued a dividend of $0.494 per share. The ex-dividend date was Tuesday, June 27th.
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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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