Economy

Analysts Rating Review: Icici Bank Ltd (IBN)

Causeway Capital Management Llc sold 734,470 shares as Icici Bk Ltd (IBN)'s stock rose 14.25%. Its book value per share for the most recent quarter is $5.1 while its price to book ratio for the same period is 1.88, as for as the company's cash per share for the most recent quarter is $0, however its price to cash per share ratio for the same period is 0. Sumitomo Mitsui Asset Management Company LTD's holdings in ICICI Bank were worth $164,000 at the end of the most recent quarter. About 9.81 million shares traded. Analysts are turning out to be more optimistic than before, with 1 of analysts who cover ICICI Bank Limited (NYSE:IBN) advice adding it to buy candidate list.

Arga Investment Management Lp increased Melco Crown Entmt Ltd (MPEL) stake by 2.58% reported in 2017Q2 SEC filing. Baldwin Investment Management LLC boosted its stake in shares of ICICI Bank Limited by 0.8% during the 2nd quarter. Baldwin Investment Management LLC now owns 61,073 shares of the bank's stock valued at $548,000 after buying an additional 483 shares during the last quarter. The company shares sank -54.47% from their peak of $12.85 and now has a $2.83 billion market value of equity. The stock decreased 1.79% or $0.08 on November 3, reaching $4.39. About 3.18M shares traded or 6.35% up from the average. Melco Resorts & Entertainment Ltd (ADR) (NASDAQ:MPEL) has 0.00% since November 5, 2016 and is. It has underperformed by 16.70% the S&P500.

In terms of Buy, Sell or Hold recommendations, Icici Bank Ltd (NYSE:IBN) has analysts' mean recommendation of 1. Goldman Sachs upgraded the shares of IBN in report on Monday, October 24 to "Buy" rating. Finally, Morgan Stanley upgraded shares of ICICI Bank Limited from an "underweight" rating to an "overweight" rating in a report on Wednesday, October 25th. As per Thursday, April 21, the company rating was upgraded by Credit Suisse. BidaskClub cut shares of ICICI Bank Limited from a "buy" rating to a "hold" rating in a report on Tuesday, July 25th. Zacks Investment Research cut shares of ICICI Bank Limited from a "buy" rating to a "hold" rating in a report on Tuesday, August 1st. The stock of ICICI Bank Ltd (ADR) (NYSE:IBN) earned "Hold" rating by Zacks on Thursday, September 3. The company was upgraded on Monday, October 30 by Jefferies.

On the other hand the company has Relative Strength Index (RSI 14) of 66.87 along with Average True Range (ATR 14) of 0.26, Consequently Icici Bank Ltd (NYSE:IBN)'s weekly and monthly volatility is 1.97%, 2.34% respectively. Therefore 67% are positive. According to today's trading volume ICICI Bank Ltd.is BELOW its 20-Day Avg. volume with the stock showing ABOVE Abnormal volume in the past 150 days.

Currently Icici Bank Ltd (NYSE:IBN)'s shares owned by insiders are 62.4%, whereas shares owned by institutional owners are 23%. The company was upgraded on Wednesday, August 19 by Zacks. The firm has "Neutral" rating by Goldman Sachs given on Tuesday, May 3. The firm earned "Buy" rating on Monday, September 14 by Goldman Sachs. One analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. ICICI Bank Limited has a consensus rating of "Buy" and a consensus price target of $9.50.



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