The stock of The Toronto-Dominion Bank (NYSE:TD) increased by $1.09 on Tuesday to finish at $61.39, up 1.81 percent. The last five days have seen an average of 2,705,900 shares of common stock traded. 15 times new highs were reached in the current year, with a fall of -$3.37. The average number of shares traded over the last 20 days was 2,175,065, while the average volume over the last 50 days totaled 2,288,490.
TD stock dropped -6.90% since last month. On 08/25/23, the company’s shares reached a one-month low of $57.88. 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 -5.20% or -$3.37 this year, reaching a new high 15 times. Still, the stock price is down -13.13% 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 10.79. Beta for the stock is 0.89. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.09, the price-to-book (PB) ratio of 1.51.
Company paid $0.7250 per share in dividends, an increase of 2.26% from $0.7090 last year.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending July 30 is 0.59, and the total debt to equity ratio is 4.03. The Toronto-Dominion Bank’s operating margin stood at 37.50% 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 0.70%. 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 13.80%.
Earnings Surprise
According to The Toronto-Dominion Bank’s quarterly financial report for the quarter that ended July 30. 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 $1.46, but it ended up being $1.5, beating the consensus by -2.70%. At the end of The Toronto-Dominion Bank’s most recent quarter ended July 30, its total debt was $415.92 billion.
Technical Picture
Here’s a quick look at The Toronto-Dominion Bank’s (TD) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 46.61%, suggesting the stock is Neutral, with a 25.39% historical volatility rate.
The stochastic %K and %D were 35.85% and 22.24% respectively, while the average true range (ATR) was 1.23. Based on the 14-day stochastic reading of 52.94%, the RSI (14) reading is 45.14%. On the 9-day MACD Oscillator, the stock is at -0.65, and the 14-day reading is at -1.50.
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 $52.26 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 $69.02.
