HDFC Bank Limited (HDB) Earning Somewhat Favorable Press Coverage, Report Finds

Press coverage about HDFC Bank Limited (NYSE:HDB) has trended somewhat positive recently, according to Accern Sentiment. The research firm ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public 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 sentiment score of 0.08 on Accern’s scale. Accern also assigned news headlines about the bank an impact score of 46.0710162496613 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:

A number of brokerages recently weighed in on HDB. Zacks Investment Research cut shares of HDFC Bank Limited from a “buy” rating to a “hold” rating in a research note on Tuesday, August 15th. Morgan Stanley raised HDFC Bank Limited from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 25th. Jefferies Group LLC raised HDFC Bank Limited from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Finally, BidaskClub raised HDFC Bank Limited from a “buy” rating to a “strong-buy” rating in a report on Monday, July 24th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $110.00.

HDFC Bank Limited (NYSE:HDB) opened at 96.00 on Friday. HDFC Bank Limited has a 12-month low of $59.00 and a 12-month high of $100.26. The company’s 50-day moving average price is $96.15 and its 200-day moving average price is $89.98. The firm has a market capitalization of $492.01 billion, a price-to-earnings ratio of 207.79 and a beta of 0.84.

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About HDFC Bank Limited

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.

Insider Buying and Selling by Quarter for HDFC Bank Limited (NYSE:HDB)

Insider Buying and Selling by Quarter for HDFC Bank Limited (NYSE:HDB)

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