HDFC Bank Limited (NYSE: HDB) recently received a number of ratings updates from brokerages and research firms:

  • 7/25/2017 – HDFC Bank Limited was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating.
  • 7/25/2017 – HDFC Bank Limited was upgraded by analysts at Jefferies Group LLC from a “hold” rating to a “buy” rating.
  • 7/24/2017 – HDFC Bank Limited was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 7/21/2017 – HDFC Bank Limited was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $103.00 price target on the stock. According to Zacks, “HDFC BANK’s mission is to be a World Class Indian Bank. The Bank’s aim is to build a sound customer franchise across distinct businesses so as to be the preferred provider of banking services in the niche segments that the bank operates in and to achieve healthy growth in profitability, consistent with the bank’s risk appetite. The bank aims to ensure the highest level of ethical standards, professional integrity and regulatory compliance. HDFC Bank’s business philosophy is based on four core values: Operational Excellence, Customer Focus, Product Leadership and People. “
  • 7/12/2017 – HDFC Bank Limited was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “HDFC BANK’s mission is to be a World Class Indian Bank. The Bank’s aim is to build a sound customer franchise across distinct businesses so as to be the preferred provider of banking services in the niche segments that the bank operates in and to achieve healthy growth in profitability, consistent with the bank’s risk appetite. The bank aims to ensure the highest level of ethical standards, professional integrity and regulatory compliance. HDFC Bank’s business philosophy is based on four core values: Operational Excellence, Customer Focus, Product Leadership and People. “
  • 6/29/2017 – HDFC Bank Limited was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “HDFC BANK’s mission is to be a World Class Indian Bank. The Bank’s aim is to build a sound customer franchise across distinct businesses so as to be the preferred provider of banking services in the niche segments that the bank operates in and to achieve healthy growth in profitability, consistent with the bank’s risk appetite. The bank aims to ensure the highest level of ethical standards, professional integrity and regulatory compliance. HDFC Bank’s business philosophy is based on four core values: Operational Excellence, Customer Focus, Product Leadership and People. “
  • 6/24/2017 – HDFC Bank Limited was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 6/21/2017 – HDFC Bank Limited was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $100.00 price target on the stock. According to Zacks, “HDFC BANK’s mission is to be a World Class Indian Bank. The Bank’s aim is to build a sound customer franchise across distinct businesses so as to be the preferred provider of banking services in the niche segments that the bank operates in and to achieve healthy growth in profitability, consistent with the bank’s risk appetite. The bank aims to ensure the highest level of ethical standards, professional integrity and regulatory compliance. HDFC Bank’s business philosophy is based on four core values: Operational Excellence, Customer Focus, Product Leadership and People. “

HDFC Bank Limited (HDB) opened at 94.48 on Friday. HDFC Bank Limited has a 52-week low of $59.00 and a 52-week high of $99.77. The firm’s 50-day moving average is $92.02 and its 200-day moving average is $81.29. The firm has a market cap of $484.22 billion, a price-to-earnings ratio of 204.95 and a beta of 0.87.

The company also recently declared a None dividend, which was paid on Thursday, August 3rd. Shareholders of record on Thursday, June 29th were paid a $0.494 dividend. The ex-dividend date was Tuesday, June 27th.

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.

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