HDFC Bank (NYSE:HDB) Downgraded to Neutral by JPMorgan Chase & Co.

HDFC Bank (NYSE:HDB – Get Free Report) Research analysts at JPMorgan Chase & Co. downgraded the company from “overweight” to “neutral” in a note to investors on Monday, Briefing.com reports.

Separately, StockNews.com downgraded shares of HDFC Bank from “hold” to “sell” in a research note on Thursday, June 13.

See our latest HDB Stock Market Report

HDFC Bank Share Performance

HDFC Bank stock opened at $59.49 on Monday. HDFC Bank’s 52-week low was $52.16 and its 52-week high was $71.39. The stock’s 50-day simple moving average is $60.22 and its 200-day simple moving average is $58.05. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.52 and a current ratio of 0.40. The stock has a market capitalization of $110.65 billion, a price-to-earnings ratio of 18.25, a PEG ratio of 1.27 and a beta of 0.93.

HDFC Bank (NYSE:HDB – Get Free Report) last released its quarterly financial results on Saturday, April 20. The bank reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.13. The company had revenue of $9.72 billion for the quarter. HDFC Bank had a return on equity of 15.45% and a net margin of 15.71%. Analysts as a group expect HDFC Bank to report earnings per share of $3.07 for the current fiscal year.

HDFC Bank Institutional Trading

Several institutional investors recently bought and sold shares of HDB. Frazier Financial Advisors LLC bought a new position in shares of HDFC Bank in the fourth quarter worth about $29,000. GAMMA Investing LLC bought a new share of HDFC Bank in the fourth quarter worth $33,000. Northwest Investment Counselors LLC bought a new position in shares of HDFC Bank in the first quarter worth $34,000. Janiczek Wealth Management LLC bought a new position in shares of HDFC Bank in the first quarter worth $35,000. Finally, Parkside Financial Bank & Trust increased its position in shares of HDFC Bank by 89.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 615 shares of the bank worth $41,000 after purchasing an additional 291 shares in the last quarter. 17.61% of the shares are owned by hedge funds and other institutional investors.

HDFC Bank Company Profile

(Download the free report)

HDFC Bank Limited provides banking and financial services to individuals and corporates in India, Bahrain, Hong Kong and Dubai. The company operates in three segments: wholesale banking, retail banking and treasury services. It accepts savings, salary, current, rural, public provident fund, pension and demat accounts; fixed and recurring deposits; safe deposit boxes as well as offshore accounts and deposits and overdraft on fixed deposits.

HDFC Bank Share Performance

HDFC Bank Institutional Trading

HDFC Bank Company Profile

See also