The Toronto-Dominion Bank (NYSE:TD) finished Friday with a subtraction of -$0.33 to close at $59.08, a downside of -0.56 percent. An average of 3,688,340 shares of common stock have been traded in the last five days. There was a fall of -$2.84 in the past week, and it reached a new high 10 times over the past 12 months. The last 20 days have seen an average of 2,213,535 shares traded, while the 50-day average volume stands at 2,274,814.
TD stock has decreased by -8.93% in the last month. The company shares reached their 1-month lowest point of $57.88 on 08/25/23. With the stock rallying to its 52-week high on 02/14/23, shares of the company touched a low of $55.43 and a high of $70.67 in 52 weeks. It has reached a new high 15 times so far this year and lost -8.77% or -$5.68 in price. In spite of this, the price is down -16.40% from the 52-week high.
Valuation Metrics
The Toronto-Dominion Bank (TD) has a trailing price-to-earnings (P/E) ratio of 10.12. The stock’s beta is 0.90. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.32, the price-to-book (PB) ratio at 1.40.
The company has a payout ratio of 31.60%. The company’s most recent quarterly dividend payment was $0.7250 a share, representing a up of 2.26% from $0.7090 last year.
Financial Health
Further, the company has a long term debt to equity ratio of 0.59 and a total debt to equity ratio of 3.94 for the quarter ending July 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 $1.47, a -2.60% surprise. At the end of the quarter ending July 30, The Toronto-Dominion Bank’s stock balance sheet showed total debt was $390.88 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 25 August was 20.30%, suggesting the stock is oversold, with historical volatility in this time frame at 18.62%.
As of today, TD’s price is $60.51 -4.59% or -$2.84 from its 5-day moving average. TD is currently trading -9.15% lower than its 20-day SMA and -4.11% lower than its 100-day SMA. However, the stock’s current price level is -1.47% below the SMA50 and -9.77% below the SMA200.
The stochastic %K and %D were 12.57% and 10.07%, respectively, and the average true range (ATR) was 1.15. With the 14-day stochastic at 18.10% and the average true range at 1.08, the RSI (14) stands at 27.68%. The stock has reached -1.23 on the 9-day MACD Oscillator while the 14-day reading was at -2.14.
Analyst Ratings
Credit Suisse 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 Neutral. 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 1 analysts, while 3 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 $52.26 and $88.80, with a median target of $66.00. Taking a look at these predictions, the average price target given by analysts for The Toronto-Dominion Bank (TD) stock is $69.02.
