Analysis Of The Weekly Performance Of The Toronto-Dominion Bank (TD)

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The Toronto-Dominion Bank (NYSE:TD) traded with a subtraction of -$0.45 to close at $64.94 on Friday, a downside of -0.69 percent. An average of 1,169,579 shares of common stock have been traded in the last five days. There was a gain of $0.56 in the past week, and it reached a new high 15 times over the past 12 months. The last 20 days have seen an average of 1,671,785 shares traded, while the 50-day average volume stands at 1,533,098.

TD stock has decreased by -0.85% in the last month. The company shares reached their 1-month lowest point of $62.86 on 12/16/22. With the stock rallying to its 52-week high on 02/11/22, shares of the company touched a low of $57.27 and a high of $86.01 in 52 weeks. It has reached a new high 14 times so far this year and lost -14.72% or -$11.72 in price. In spite of this, the price is down -24.50% 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 9.43. The stock’s beta is 0.87. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.92, the price-to-book (PB) ratio at 1.61, and the price-to-cash flow ratio at 5.22.

The company has a payout ratio of 38.40%. The company’s most recent quarterly dividend payment was $0.7081 a share, representing a up of 1.74% from $0.6960 last year. Its latest increase dividend $0.0121 reported on Thursday December 1 2022.

Financial Health

Further, the company has a long term debt to equity ratio of 0.59 and a total debt to equity ratio of 3.52 for the quarter ending October 30. Its gross profit as reported stood at $21.25 billion compared to revenue of $31.87 billion.

Earnings Surprise

The analyst consensus anticipated The Toronto-Dominion Bank’s latest quarter earnings to come in at $1.51 per share, but it turned out to be $1.6, a 6.00% surprise. At the end of the quarter ending October 30, The Toronto-Dominion Bank’s stock balance sheet showed total debt was $386.84 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 29 December was 48.98%, suggesting the stock is Neutral, with historical volatility in this time frame at 15.67%.

As of today, TD’s price is $65.00 +0.87% or $0.56 from its 5-day moving average. TD is currently trading -4.99% lower than its 20-day SMA and +1.11% higher than its 100-day SMA. However, the stock’s current price level is +4.37% above the SMA50 and -18.49% below the SMA200.

The stochastic %K and %D were 41.43% and 42.36%, respectively, and the average true range (ATR) was 1.09. With the 14-day stochastic at 42.86% and the average true range at 1.15, the RSI (14) stands at 48.58%. The stock has reached 0.23 on the 9-day MACD Oscillator while the 14-day reading was at 0.20.

Analyst Ratings

Canaccord Genuity upgraded The Toronto-Dominion Bank (NYSE: TD) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Hold. The consensus rating for The Toronto-Dominion Bank (TD) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell TD, while 1 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 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 $63.96 and $103.00, with a median target of $73.00. Taking a look at these predictions, the average price target given by analysts for The Toronto-Dominion Bank (TD) stock is $79.99.

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