HDFC Bank (HDB) Receiving Somewhat Positive News Coverage, Analysis Finds
Media headlines about HDFC Bank (NYSE:HDB) have been trending somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. HDFC Bank earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave media coverage about the bank an impact score of 45.7289557081254 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
HDFC Bank (NYSE:HDB) traded down $1.09 on Friday, reaching $96.01. 637,869 shares of the company traded hands, compared to its average volume of 591,368. The firm has a market capitalization of $73,720.00, a price-to-earnings ratio of 36.50, a price-to-earnings-growth ratio of 1.11 and a beta of 0.82. HDFC Bank has a 52-week low of $59.00 and a 52-week high of $100.26. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.71.
Separately, Zacks Investment Research lowered shares of HDFC Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, August 15th. One 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 issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $110.00.
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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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