Bernstein raised the price target for the HDFC Bank Limited (NYSE:HDB) stock from “an Outperform” to “a Mkt perform”. The rating was released on September 09, 2019.
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The latest trade, Performances and Moving Averages give us the following Picture
The share price of HDFC Bank Limited (NYSE:HDB) raised 0.26% to close Friday’s market session at $73.96, higher as compared to yesterday’s close. The stock price fluctuated between $73.79 and $75.87 throughout the trading session with the volume trading being 847903 shares, which represented a significant variation when compared to the three months average volume of 1.24 million shares. The firm’s stock price fluctuated 4.80% within the last five trades and 0.86% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price decreased -9.75% in the last 6 months and 3.60% was added to its value over the previous 3 months. HDB stock is trading at a margin of 3.15%, 0.15% and 1.53% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, HDB deals in the Financial domain. The stock is trading -12.68 percent below its 52-week high and 62.34 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 43.22. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does HDFC Bank Limited’s Profitability and Valuation Ratios Tell Us About the Stock?
The stock’s market cap achieved a total value of $135.15 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for HDFC Bank Limited (NYSE:HDB) is 190.86. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 21.69. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 0.17 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 0.39, which equates the market value of a stock with its book value.