HDFC Bank, Ltd. - ADS (HDB)
by Zacks Equity ResearchJanuary 12, 2012 | Comments : 0 Recommended this article: (0)
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Our six-month target price of $25.00 per ADS equates to about 22.3x our earnings estimate for fiscal 2012. This target price implies an expected negative total return of 7.6% over that period. This is consistent with our long-term Underperform recommendation on the ADSs.
Additionally, the quantitative Zacks Rank for HDFC Bank is currently #5, indicating a significant likelihood of downward pressure on the ADSs over the near term.
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