News stories about HDFC Bank (NYSE:HDB) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. HDFC Bank earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned press coverage about the bank an impact score of 46.2737930598896 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
HDFC Bank (HDB) traded down $0.02 during midday trading on Wednesday, hitting $94.19. 347,100 shares of the company traded hands, compared to its average volume of 710,099. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.71. The company has a market cap of $72,990.00, a P/E ratio of 35.42, a P/E/G ratio of 1.07 and a beta of 0.85. HDFC Bank has a fifty-two week low of $59.00 and a fifty-two week high of $100.26.
Separately, Zacks Investment Research raised shares of HDFC Bank from a “hold” rating to a “buy” rating and set a $107.00 price objective for the company in a report on Wednesday, August 16th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $110.00.
About HDFC Bank
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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