Do Investors Have Much Faith In HDFC Bank Ltd. ADR (NYSE: HDB)

HDFC Bank Ltd. ADR (NYSE:HDB) does about 2.63M shares in volume on a normal day but saw 1249386 shares change hands in Friday’s trading. The company now has a market cap of 149.78B USD. Its current market price is $59.09, marking an increase of 0.02% compared to the previous close of $59.08. The 52 week high reached by this stock is $71.39 whilst the lowest price level in 52 weeks is $52.16.

HDFC Bank Ltd. ADR (HDB) has a 20-day trading average at $57.13 and the current price is -17.23% off the 52-week high compared with 13.29% distance from its 52-week low. The 50-day simple moving average of the closing price is $57.48 and its 200-day simple moving average is $58.80. If we look at the stock’s price movements over the week, volatility stands at 2.44%, which decreases to 1.42% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 55.61 to suggest the stock is neutral.

The consensus objective for the share price is $67.21, suggesting that the stock has a potential upside of 12.08% over the period.

HDFC Bank Ltd. ADR (HDB) stock is up 2.07% over the week and 5.39% over the past month. Its price is -11.95% year-to-date and -8.95% over the past year.

To reach the target analysts have set, the stock logically needs to grow 12.08 percent from here.

The company has a return on investment of 5.45% and return on equity of 17.26%. The price to earnings ratio (P/E ratio) amounts to 18.14 while the forward price to earnings ratio is 15.35. The beta has a value of 0.91. Price to book ratio is 2.85 and price to sales ratio is 3.04.