Analysts Issue Research Notes On The Toronto-Dominion Bank (TD)

The Toronto-Dominion Bank (NYSE:TD) trading with a subtraction of -$0.2 to $67.72 on Thursday, a downside of -0.30 percent. An average of 1,577,538 shares of common stock have been traded in the last five days. There was a gain of $1.54 in the past week. The last 20 days have seen an average of 1,447,684 shares traded, while the 50-day average volume stands at 1,376,256.

TD stock has increased by 3.54% in the last month. The company shares reached their 1-month lowest point of $62.81 on 09/20/21. With the stock rallying to its 52-week high on 05/27/21, shares of the company touched a low of $42.90 and a high of $73.85 in 52 weeks. In spite of this, the price is down -8.31% from the 52-week high.


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Valuation Metrics

The Toronto-Dominion Bank (TD) has a trailing price-to-earnings (P/E) ratio of 10.16, which compares with the 16.80 for the broader industry and 12.91 for the sector. This means investors are optimistic about the stock’s future prospects. In the last five years, The Toronto-Dominion Bank’s PE ratio has ranged between 14.79 and 6.803. The stock’s beta is 0.98. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 5.13, the price-to-book (PB) ratio at 1.68, and the price-to-cash flow ratio at 3.26.

The Toronto-Dominion Bank pays a $2.55 dividend per share annually. It offers a dividend yield of 3.77%. The company has a payout ratio of 47.20%. The company’s most recent quarterly dividend payment was $0.6320 a share, representing a down of -3.18 from $0.6521 last year. Its latest decrease dividend $0.0201 reported on Thursday August 26 2021. Dividends have grown by 27.88% each year over the last three years.

The Toronto-Dominion Bank will next go ex-dividend on 7-Jan-2022. The next dividend payment The Toronto-Dominion Bank will make is expected to be $0.688.

Further, the company has a long term debt to equity ratio of 0.18 and a total debt to equity ratio of 3.24 for the quarter ending July 30. Its gross profit as reported stood at $19.05 billion compared to revenue of $26.52 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, The Toronto-Dominion Bank’s return on assets was 0.90%, compared to 0.8% over the last five years. Meanwhile, the return on equity (ROE) for the past 12 months has been 17.00% and the 5-year average holds at 14.3%. For the broader industry, ROE averaged 11.10 over the past year.

Earnings Surprise

The analyst consensus anticipated The Toronto-Dominion Bank’s latest quarter earnings to come in at $1.53 per share, but it turned out to be $1.56, a 2.00% surprise. At the end of the quarter ending July 30, The Toronto-Dominion Bank’s stock balance sheet showed total debt was $321.26 billion.

Technical Picture

From a technical analysis perspective, let’s take a brief look at The Toronto-Dominion Bank (TD) price momentum. RSI 9-day as of the close on 06 October was 62.61%, suggesting the stock is Neutral, with historical volatility in this time frame at 16.35%.

As of today, TD’s price is $67.82 +2.33% or $1.54 from its 5-day moving average. TD is currently trading +3.83% higher than its 20-day SMA and -7.60% lower than its 100-day SMA. However, the stock’s current price level is +1.88% above the SMA50 and +21.68% above the SMA200.

The stochastic %K and %D were 87.87% and 89.78%, respectively, and the average true range (ATR) was 0.98. With the 14-day stochastic at 83.26% and the average true range at 0.99, the RSI (14) stands at 59.18%. The stock has reached 0.64 on the 9-day MACD Oscillator while the 14-day reading was at 1.55.

Analyst Ratings

National Bank Financial upgraded The Toronto-Dominion Bank (NYSE: TD) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as a a Sector perform.The consensus rating for The Toronto-Dominion Bank (TD) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell TD, while 2 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.

What is TD’s price target for the next 12 months?

Analysts predict a range of price targets between $78.00 and $78.00, with a median target of $78.00. Taking a look at these predictions, the average price target given by analysts for The Toronto-Dominion Bank (TD) stock is $78.00.

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