Wall Street is positive on HDFC Bank Limited (HDB). On average, analysts give HDFC Bank Limited a Strong Buy rating. The average price target is $51.5, which means analysts expect the stock to gain by 13.34% over the next twelve months.
That average ranking earns HDFC Bank Limited an Analyst Rating of 69, which is better than 69% of stocks based on data compiled by InvestorsObserver.
Why are Analyst Ratings Important?
A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement.
Investors Observer averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.
What's Happening With HDFC Bank Limited Stock Today?
HDFC Bank Limited (HDB) stock has gained 3.02% while the S&P 500 has fallen -0.07% as of 11:29 AM on Thursday, Jun 25. HDB has risen $1.33 from the previous closing price of $44.11 on volume of 531,621 shares. Over the past year the S&P 500 has risen 4.62% while HDB has fallen -28.89%. HDB earned $1.62 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 28.12.
