HDFC Bank Limited (HDB) Earns News Impact Rating of 0.11

Marco Green
October 13, 2017

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. The majority of analysts covering the equity have either a Buy or Strong Buy recommendation on the stock, yielding a consensus score of 1.50. As per Thursday, August 27, the company rating was downgraded by Zacks. The rating was downgraded by Zacks to "Sell" on Wednesday, September 2.

Analysts await HDFC Bank Limited (ADR) (NYSE:HDB) to report earnings on October, 24. The stock of HDFC Bank Limited (ADR) (NYSE:HDB) has "Hold" rating given on Monday, September 21 by Zacks. Moreover, Minerva Advisors Llc has 0.04% invested in the company for 10,330 shares. The Hansberger Growth Investors Lp holds 76,089 shares with $6.62M value, down from 98,248 last quarter. Cra Intl Inc (Call) now has $351.83M valuation. Based on a recent bid, the stock is trading 0.39% away from it's 52- week high and 23.98% away from its 52 week low. About 132,934 shares traded. Dicks Sporting Goods Inc (NYSE:DKS) has declined 1.35% since October 11, 2016 and is downtrending. It has outperformed by 32.72% the S&P500.

HDFC Bank Limited is a holding company. The company has market cap of $94.27 million. 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 has a 78.18 P/E ratio. The Firm also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores, and Dick's Team Sports HQ, an all-in-one youth sports digital platform offering free league management services, mobile applications for scheduling, communications and live scorekeeping, custom uniforms and FanWear and access to donations and sponsorships. About 242,257 shares traded.

Parametric Portfolio Associates LLC decreased its position in shares of HDFC Bank Limited (NYSE:HDB) by 56.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. It has outperformed by 19.53% the S&P500.

Investors sentiment increased to 1.2 in Q2 2017. Its down 0.34, from 1.15 in 2017Q1. It is positive, as 55 investors sold AXP shares while 443 reduced holdings. First Allied Advisory Services Inc reported 17,213 shares.

The Meet Group (MEET) shares have experienced bearish momentum as the Average True Range of the shares have trended downward over the past 10 sessions. In looking at volatility levels, the shares saw weekly volatility of 0.82% and 1.26% over the past month.

HDFC Bank Limited is a holding company. Menta Capital Ltd Liability Company stated it has 10,939 shares. New York State Teachers Retirement Sys owns 700 shares for 0% of their portfolio. Sprucegrove Investment Mgmt Limited holds 1.41% of its portfolio in American Express Company (NYSE:AXP) for 279,300 shares. Glob X Mngmt Ltd Liability Corp holds 2,002 shares. Commonwealth Of Pennsylvania School Empls Retrmt Sys has invested 0.01% of its portfolio in Dicks Sporting Goods Inc (NYSE:DKS). (NASDAQ:CRAI) for 44,669 shares. Palisades Hudson Asset Management Lp has 0.22% invested in Prudential Financial Inc (NYSE:PRU).

Analysts await MGP Ingredients Inc (NASDAQ:MGPI) to report earnings on November, 1. Its up 691.82% from 84,400 shares previously. CRAI's profit will be $3.29 million for 26.74 P/E if the $0.40 EPS becomes a reality. HDFC Bank Limited had 5 analyst reports since August 27, 2015 according to SRatingsIntel.

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