HDFC Bank (NYSE:HDB) Lowered to Sell Rating by StockNews.com

StockNews.com cut shares of HDFC Bank (NYSE:HDB) from a hold rating to a sell rating in a research report released on Monday.

A number of other research analysts have also weighed in on HDB. Nomura raised HDFC Bank from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Nomura Securities upgraded shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd.

HDFC Bank Stock Up 0.1 %

Shares of HDFC Bank stock opened at $73.64 on Monday. The company has a market cap of $186.48 billion, a P/E ratio of 22.38, a PEG ratio of 2.12 and a beta of 0.68. The firm has a fifty day moving average of $66.08 and a two-hundred day moving average of $63.96. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.09. HDFC Bank has a one year low of $54.99 and a one year high of $75.37.

HDFC Bank (NYSE:HDB) last announced its quarterly earnings data on Saturday, April 19th. The bank reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.11. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. The firm had revenue of $5.04 billion during the quarter, compared to the consensus estimate of $434.68 billion. On average, analysts forecast that HDFC Bank will post 3.03 earnings per share for the current year.

Institutional Investors Weigh In On HDFC Bank

Several institutional investors have recently modified their holdings of the company. Whipplewood Advisors LLC acquired a new position in HDFC Bank during the fourth quarter worth about $29,000. Larson Financial Group LLC increased its stake in shares of HDFC Bank by 1,217.1% during the 1st quarter. Larson Financial Group LLC now owns 461 shares of the bank’s stock worth $31,000 after purchasing an additional 426 shares in the last quarter. Graney & King LLC acquired a new position in shares of HDFC Bank during the 4th quarter worth approximately $38,000. Brown Brothers Harriman & Co. lifted its stake in HDFC Bank by 63.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 617 shares of the bank’s stock valued at $39,000 after buying an additional 240 shares in the last quarter. Finally, Cullen Frost Bankers Inc. grew its holdings in HDFC Bank by 448.7% during the 1st quarter. Cullen Frost Bankers Inc. now owns 620 shares of the bank’s stock valued at $41,000 after buying an additional 507 shares during the last quarter. Hedge funds and other institutional investors own 17.61% of the company’s stock.

About HDFC Bank

HDFC Bank Limited provides banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in three segments: Wholesale Banking, Retail Banking, and Treasury Services. It accepts savings, salary, current, rural, public provident fund, pension, and demat accounts; fixed and recurring deposits; and safe deposit lockers, as well as offshore accounts and deposits, and overdrafts against fixed deposits.