Somewhat Positive Media Coverage Somewhat Unlikely to Impact HDFC Bank Limited (HDB) Share Price
News headlines about HDFC Bank Limited (NYSE:HDB) have been trending somewhat positive recently, according to Accern. Accern scores the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. HDFC Bank Limited earned a news impact score of 0.10 on Accern’s scale. Accern also gave media headlines about the bank an impact score of 45.249314410031 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- UBS Group on Track to Attain Financial Targets: Time to Buy? (zacks.com)
- Are Investors Shying Away from Shares of HDFC Bank Limited (NYSE:HDB) or Time Warner Inc. (NYSE:TWX)? – FLBC News (flbcnews.com)
- Zacks Investment Research Upgrades HDFC Bank Limited (HDB) to “Buy” (americanbankingnews.com)
- Active Stocks on Watch: Tenax Therapeutics Inc (TENX) and HDFC Bank Ltd (HDB) – Evergreen Caller (evergreencaller.com)
- Array BioPharma Inc. (ARRY) noted a price change of 5.88% and HDFC Bank Limited (HDB) closes with a move of … – Stocks Gallery (stocksgallery.com)
Shares of HDFC Bank Limited (HDB) traded down 0.35% during mid-day trading on Tuesday, hitting $95.57. 508,382 shares of the stock were exchanged. The company has a market cap of $489.80 billion, a P/E ratio of 206.86 and a beta of 0.87. The stock’s 50-day moving average price is $94.30 and its 200-day moving average price is $83.35. HDFC Bank Limited has a 52-week low of $59.00 and a 52-week high of $99.77.
The firm also recently announced a None dividend, which was paid on Thursday, August 3rd. Investors of record on Thursday, June 29th were given a $0.494 dividend. The ex-dividend date of this dividend was Tuesday, June 27th. HDFC Bank Limited’s payout ratio is presently 18.42%.
A number of analysts have recently issued reports on the stock. Zacks Investment Research raised shares of HDFC Bank Limited from a “hold” rating to a “buy” rating and set a $108.00 price objective for the company in a research note on Friday. Jefferies Group LLC raised shares of HDFC Bank Limited from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Morgan Stanley raised shares of HDFC Bank Limited from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 25th. Finally, BidaskClub raised shares of HDFC Bank Limited from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $108.00.
HDFC Bank Limited Company Profile
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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