The stock of The Toronto-Dominion Bank (NYSE:TD) decreased by -$1.36 on Tuesday to finish at $62.43, down -2.13 percent. The last five days have seen an average of 1,824,320 shares of common stock traded. 15 times new highs were reached in the current year, with a fall of -$2.33. The average number of shares traded over the last 20 days was 1,804,505, while the average volume over the last 50 days totaled 2,147,946.
TD stock dropped -2.29% since last month. On 08/15/23, the company’s shares reached a one-month low of $62.15. The stock touched a high of $70.67 on 02/14/23, after rallying from a low of $55.43 in 52 weeks. The price of TD stock has declined by -3.60% or -$2.33 this year, reaching a new high 15 times. Still, the stock price is down -11.66% from the 52-week high.
Valuation Metrics
The Toronto-Dominion Bank (TD) has a trailing price-to-earnings (P/E) ratio of 10.61. Beta for the stock is 0.88. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.42, the price-to-book (PB) ratio of 1.46.
Company paid $0.7090 per share in dividends, a decrease of -1.66% from $0.7210 last year. A $0.0120 dividend decrease was reported on Thursday May 25 2023.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending April 29 is 0.59, and the total debt to equity ratio is 3.94. The Toronto-Dominion Bank’s operating margin stood at 43.90% for the same period. Based on annual data, it had gross profit of $21.25 billion and revenue of $31.87 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. TD’s return on assets (ROA) during the last 12 months has been 0.80%. There was a 4.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 14.30%.
Earnings Surprise
According to The Toronto-Dominion Bank’s quarterly financial report for the quarter that ended April 29. A higher net income was reported in the quarter under review than the previous quarter. It was predicted that The Toronto-Dominion Bank’s quarterly earnings would be $1.47, but it ended up being $1.56, beating the consensus by -5.80%. At the end of The Toronto-Dominion Bank’s most recent quarter ended April 29, its total debt was $390.88 billion.
Technical Picture
Here’s a quick look at The Toronto-Dominion Bank’s (TD) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 32.30%, suggesting the stock is Neutral, with a 14.35% historical volatility rate.
The stochastic %K and %D were 19.88% and 22.26% respectively, while the average true range (ATR) was 1.00. Based on the 14-day stochastic reading of 7.12%, the RSI (14) reading is 40.90%. On the 9-day MACD Oscillator, the stock is at -0.45, and the 14-day reading is at -0.88.
Analyst Ratings
In its most recent analyst report, Credit Suisse raised its rating on The Toronto-Dominion Bank (NYSE: TD) to an Outperform. Prior to this, analysts firm rated the stock as a Neutral. Analysts have assigned The Toronto-Dominion Bank (TD) an Overweight rating. TD is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 1 rate it overweight and 3 others recommend it as a buy.
What is TD’s price target for the next 12 months?
The current consensus forecast for the stock is between $52.10 and $88.80, with a median target price of $66.00. In analyzing these forecasts, the average price target given by analysts for The Toronto-Dominion Bank (TD) is $68.97.
