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3 Stocks Pushing The Financial Sector Lower

2. As of noon trading, HDFC Bank ( HDB) is down $0.66 (-1.7%) to $37.49 on average volume Thus far, 431,717 shares of HDFC Bank exchanged hands as compared to its average daily volume of 767,300 shares. The stock has ranged in price between $37.33-$37.95 after having opened the day at $37.89 as compared to the previous trading day's close of $38.15.

HDFC Bank Limited, together with its subsidiaries, provides retail banking, wholesale banking, treasury, and other financial services to individual and business customers in India. HDFC Bank has a market cap of $29.8 billion and is part of the banking industry. The company has a P/E ratio of 30.9, above the S&P 500 P/E ratio of 17.7. Shares are down 6.6% year to date as of the close of trading on Friday. Currently there is 1 analyst that rates HDFC Bank a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates HDFC Bank as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, growth in earnings per share, increase in net income and increase in stock price during the past year. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full HDFC Bank Ratings Report now.

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DOW 16,461.32 -153.49 -0.92%
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