Equities Analysts Offer Predictions for HDFC Bank Limited’s FY2020 Earnings (NYSE:HDB)

HDFC Bank Limited (NYSE:HDB) – Jefferies Group increased their FY2020 earnings per share (EPS) estimates for HDFC Bank Limited in a research report issued on Tuesday. Jefferies Group analyst N. Karfa now anticipates that the bank will post earnings of $5.09 per share for the year, up from their previous forecast of $4.63. Jefferies Group has a “Buy” rating on the stock.

HDB has been the subject of several other reports. Zacks Investment Research downgraded shares of HDFC Bank Limited from a “buy” rating to a “hold” rating in a research note on Wednesday, May 31st. Morgan Stanley upgraded shares of HDFC Bank Limited from an “equal weight” rating to an “overweight” rating in a research note on Tuesday. Finally, BidaskClub downgraded shares of HDFC Bank Limited from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 24th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. HDFC Bank Limited has an average rating of “Buy” and a consensus target price of $103.00.

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HDFC Bank Limited (HDB) remained flat at $96.32 during midday trading on Thursday. The company had a trading volume of 363,795 shares. The firm’s 50 day moving average price is $89.34 and its 200 day moving average price is $78.87. HDFC Bank Limited has a one year low of $59.00 and a one year high of $97.20. The company has a market capitalization of $493.65 billion, a price-to-earnings ratio of 209.62 and a beta of 0.85.

The firm also recently disclosed an annual dividend, which was paid on Thursday, June 29th. Shareholders of record on Thursday, June 29th were paid a dividend of $0.493 per share. The ex-dividend date was Tuesday, June 27th.

A number of large investors have recently added to or reduced their stakes in the company. Wetherby Asset Management Inc. increased its stake in HDFC Bank Limited by 3.0% in the first quarter. Wetherby Asset Management Inc. now owns 6,134 shares of the bank’s stock valued at $461,000 after buying an additional 178 shares in the last quarter. Creative Planning increased its stake in HDFC Bank Limited by 6.3% in the first quarter. Creative Planning now owns 1,700 shares of the bank’s stock valued at $128,000 after buying an additional 100 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in HDFC Bank Limited during the fourth quarter valued at about $896,000. UBS Asset Management Americas Inc. increased its stake in HDFC Bank Limited by 0.9% in the fourth quarter. UBS Asset Management Americas Inc. now owns 301,554 shares of the bank’s stock valued at $18,298,000 after buying an additional 2,800 shares in the last quarter. Finally, Johnston Asset Management LLC increased its stake in HDFC Bank Limited by 16.0% in the first quarter. Johnston Asset Management LLC now owns 2,125,159 shares of the bank’s stock valued at $159,855,000 after buying an additional 293,127 shares in the last quarter. Institutional investors own 18.60% of the company’s stock.

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.

Earnings History and Estimates for HDFC Bank Limited (NYSE:HDB)

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