The stock of HDFC Bank Limited (ADR) (NYSE:HDB) is a huge mover today! About 281,108 shares traded hands. HDFC Bank Limited (ADR) (NYSE:HDB) has declined 0.41% since April 26, 2016 and is downtrending. It has underperformed by 5.67% the S&P500.
The move comes after 7 months positive chart setup for the $43.98 billion company. It was reported on Nov, 29 by Barchart.com. We have $65.92 PT which if reached, will make NYSE:HDB worth $1.32 billion more.
HDFC Bank Limited (ADR) (NYSE:HDB) Ratings Coverage
Out of 2 analysts covering HDFC Bank Limited (NYSE:HDB), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. HDFC Bank Limited has been the topic of 4 analyst reports since August 27, 2015 according to StockzIntelligence Inc. The rating was downgraded by Zacks on Wednesday, September 2 to “Sell”. The firm has “Hold” rating by Zacks given on Thursday, August 27. The rating was maintained by Goldman Sachs on Wednesday, September 14 with “Buy”. Zacks upgraded the stock to “Hold” rating in Monday, September 21 report.
According to Zacks Investment Research, “HDFC BANK’s mission is to be a World Class Indian Bank. The Bank’s aim is to build a sound customer franchise across distinct businesses so as to be the preferred provider of banking services in the niche segments that the bank operates in and to achieve healthy growth in profitability, consistent with the bank’s risk appetite. The bank aims to ensure the highest level of ethical standards, professional integrity and regulatory compliance. HDFC Bank’s business philosophy is based on four core values: Operational Excellence, Customer Focus, Product Leadership and People.”
More news for HDFC Bank Limited (ADR) (NYSE:HDB) were recently published by: Marketwatch.com, which released: “/quotes/zigman/3870025/realtime” on December 21, 2009. Nasdaq.com‘s article titled: “HDFC Bank Ltd. – ADR (HDB): New Analyst Report from Zacks Equity Research …” and published on December 23, 2013 is yet another important article.
HDB Company Profile
HDFC Bank Limited (the Bank), incorporated on August 30, 1994, 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 divisions include Treasury, Retail banking, Wholesale banking and Other banking business.
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