HDFC Bank stock: buy or sell?
June 26th, 2019
HDFC Bank Limited provides a range of banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai.
Should I buy HDFC Bank stock?You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. Having a trading strategy helps to make decisions easier, quicker and with less hesitations. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.
None of our preferred buy setups matches with HDFC Bank stock situation right now, hence this is not a suitable entry point.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is HDFC Bank stock a buy?
Financial institutions and banks publish stock ratings everyday.At Stocks2.com, we found 1 rating published for HDB stock in the last month.
|Date||Analyst / Broker||Previous rating||Current rating|
HDFC Bank stock analysis
HDFC Bank stayed stable a slightly good 0.21% and closed at $127.81.
Shares of HDFC Bank ended today at $127.81 and stayed steady a slightly good 0.21%. Since last March when SMA100d and SMA200d crossed up, HDB price gained $14.55 per share (12.85%). On February HDB price bounced up over the SMA of 200 days demonstrating to be a significant support for this stock. On June 11th, HDB hit a new all time high, pushing higher than on Jun 10th tops. Check different trading setups that use ATHs as triggers.
Shares of HDFC Bank closed this week at $127.81 and inched a slightly good 0.79%.
HDFC Bank stock is trading in the range of its last top and last bottom. Loosing would mean breaking the current uptrend. Breakdowns under last bottom are selling point signals for some trading strategies. Not so far away is the last all-time high HDFC Bank marked by mid June. Since mid March when SMA20w and SMA40w crossed up, HDB price gained $24.36 per share (23.55%). Early February HDB price bounced up over the SMA of 40 weeks that acted as support stopping new slides.
HDFC Bank stock price history
HDFC Bank IPO was on July 20th, 2001 at $1.89 per share1. Since then, HDB stock surged a 6,662.40%, with a yearly average of 391.90%. If you had invested right after HDB's IPO a $1,000 in HDFC Bank stock in 2001, it would worth $66,624.00 today.
1: Adjusted price after possible price splits or reverse-splits.
HDFC Bank stock historical price chart
HDB stock reached all-time highs on Jun/11 with a price of $129.73.
HDFC Bank stock price targetPredicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last month we have not detected any price target for HDFC Bank stock by any trusted analyst.
Financials and fundamental analysis
Earnings date and Earnings per ShareAfter posting its last earnings report on April, HDFC Bank escalated a great 11.42%. As soon as we get its actual EPS from the earnings report, we will extend this review.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 2018, HDFC Bank annual sales skyrocketed an outstanding 22.86% to $567,758.00 million USD from $462,122.00 marked in 2017. When comparing 2018 vs 2017, nevertheless, profit margin (that is, the net income divided by revenues) appreciated a 1.03% to 31.44%. HDFC Bank fiscal year ends in March, and to evaluate its evolution since then, we estimate annual sales and income figures by adding results from the last 4 quarters. This is called TTM (or Twelve Trailing Months). So, HDFC Bank TTM sales up to December 2018 were $473,540.00 and income $152,267.30 million dollars. If we compare this TTM figures with the last reported annuality, we can esteem HDFC Bank business evolution since March 2018: Annual sales up to December, compared to lastest yearly report, plummed a frightening -16.59%. Improving that, profit margin (net income/sales) remained stable at 31.44%.
|2014||$8,255,700 M||-||$87,430 M1.1%||-|
|2015||$315,998 M||-96.17%||$99,238 M31.4%||13.51%|
|2016||$389,195 M||23.16%||$117,915 M30.3%||18.82%|
|2017||$462,122 M||18.74%||$140,530 M30.4%||19.18%|
|2018||$567,758 M||22.86%||$178,515 M31.4%||27.03%|
|TTM||$473,540 M||-16.59%||$152,267 M32.2%||-14.70%|
Quarterly financial resultsHDFC Bank posted million in revenues for 2018-Q4, a -100.00% less compared to previous quarter. Reported quarter income marked million with a profit margin of . Profit margin remained constant a 0.00% compared to previous quarter when profit margin was 33.35%. When comparing sales to same quarter last year, HDFC Bank sales marked a scary loss and plunged a -100.00%.
|2017-Q3||$139,235 M||-||$40,528 M29.1%||-|
|2017-Q4||$141,835 M||1.87%||$46,426 M32.7%||14.55%|
|2018-Q1||$163,469 M||15.25%||$51,640 M31.6%||11.23%|
|2018-Q2||$146,316 M||-10.49%||$46,014 M31.4%||-10.89%|
|2018-Q3||$163,755 M||11.92%||$54,613 M33.4%||18.69%|
HDFC Bank ownershipWhen you are planning to buy shares of a stock, it's worth to overview its ownership structure.
Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For HDFC Bank, 0.00% of all outstanding shares are owned by its staff.
In case of HDFC Bank stock, 18.53% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for HDB stock account 0.00%, no big difference from last month.
The following table compares ownership indicators for other stocks related to HDFC Bank:
|Market cap||$332.3 B||$79.8 B|
|Total shares||2,600.0 M||6,430.0 M|
|Float shares||4,450.0 M||3,200.0 M|
|- Institutional holdings (%)||18.5%||23.8%|
|- Insider holdings (%)||0.0%||0.0%|
|Shares in short selling||0.0%||0.0%|
HDFC Bank summary
|Wednesday, June 26th, 2019|
|Day range||$127.50 - $128.44|
|Average true range||$1.79|
|50d mov avg||$121.02|
|100d mov avg||$113.84|
|200d mov avg||$104.65|
HDFC Bank performancePerformance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. For HDFC Bank, the comparison is made against Array.
HDFC Bank competitorsChoosing a list of competitors for HDFC Bank it's difficult. We selected just one public company that in our opinion is related to and can be considered HDFC Bank competitor:
Latest HDFC Bank stock news
- Seeking AlphaHDFC Bank: A 5% Drop Would Be WelcomeApril 24, 2019