How Analysts Feel About The Toronto-Dominion Bank (TD)?

As of Friday close, The Toronto-Dominion Bank’s (NYSE:TD) stock was down -$0.09, moving down -0.14 percent to $64.48. The average number of shares traded per day over the past five days has been 1,644,660 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.49 fall in that time frame. In the last twenty days, the average volume was 1,815,975, while in the previous 50 days, it was 1,957,906.

Since last month, TD stock rose 1.51%. Shares of the company fell to $58.64 on 07/14/22, the lowest level in the past month. A 52-week high of $86.01 was reached on 02/11/22 after having rallying from a 52-week low of $58.64. Since the beginning of this year, TD’s stock price has dropped by -15.91% or -$12.20, and marked a new high 14 times. However, the stock has declined by -25.04% since its 52-week high.

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Valuation Metrics

Right now, The Toronto-Dominion Bank (TD) has a P/E ratio of about 10.26. The stock’s beta is 0.94. Besides these, the trailing price-to-sales (P/S) ratio of 4.88, the price-to-book (PB) ratio of 1.60, and the price-to-cash flow ratio of 4.33 may also be considered.

The latest dividend of $0.6920 per share was paid out, which is -1.42% less than last year’s $0.7020. On Thursday May 26 2022, a $0.01 dividend decrease was announced.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending April 29 was 0.69, and the total debt-to-equity ratio was 3.55. In the year ended April 29, operating margins totaled 82.50%. Based on annual data, TD earned $19.19 billion in gross profit and brought in $23.53 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 5.00%. Return on equity (ROE) for the past 12 months was 15.60%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected The Toronto-Dominion Bank to report $1.49 quarterly earnings, the actual figure was $1.56 per share, beating the consensus estimate by 4.70%.

Technical Picture

This quick technical analysis looks at The Toronto-Dominion Bank’s (TD) price momentum. With a historical volatility rate of 18.65%, the RSI 9-day stood at 52.05% on 05 August.

With respect to its five-day moving average, the current The Toronto-Dominion Bank price is down by -0.75% percent or -$0.49. At present, TD shares trade +0.44% above its 20-day simple moving average and -16.47% percent below its 100-day simple moving average. However, the stock is currently trading approximately -10.68% below its SMA50 and -10.06% below its SMA200.

Stochastic coefficient K was 80.70% and Stochastic coefficient D was 86.18%, while ATR was 1.21. Given the Stochastic reading of 68.70% for the 14-day period, the RSI (14) reading has been calculated as 48.64%. As of today, the MACD Oscillator reading stands at 0.38, while the 14-day reading stands at 0.59.

Analyst Ratings

The Toronto-Dominion Bank (TD) has been rated Hold by analysts. According to 1 brokerage firm, TD is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate The Toronto-Dominion Bank stock as buy, with 2 recommending it as overweight.

With a median target price of $94.50, the current consensus forecast for the stock is $82.00 – $107.00. Based on these forecasts, analysts predict The Toronto-Dominion Bank (TD) will achieve an average price target of $94.50.


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