For its third fiscal quarter (ending December 31), H D F C Bank Ltd (NYSE: HDB) has reported a 38% increase in E.P.S. from $0.81 a year ago to $1.12 in the current quarter. E.P.S. were $3.85 for the latest four quarters through December 31 versus $2.90 for the same period a year ago — an increase of 33%.
Recent Price Action
On 1/17/24, H D F C Bank Ltd (NYSE: HDB) stock suffered a large decline of -9.1%, closing at $55.59. Moreover, this decline was accompanied by exceptionally high trading volume at 650% of normal. The stock has performed in line with the market over the last nine months and has declined -15.7% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, HDB is expected to continue to be an important Value Builder.
H D F C Bank has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. H D F C Bank has a neutral Appreciation Score of 58 and a neutral Power Rating of 49, triggering the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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