Toronto Dominion Bank (NYSE:TD) finished Friday with a subtraction of -$0.48 to close at $60.26, a downside of -0.79 percent. An average of 2,455,540 shares of common stock have been traded in the last five days. There was a fall of -$0.38 in the past week, and it reached a new high 20 times over the past 12 months. The last 20 days have seen an average of 2,346,625 shares traded, while the 50-day average volume stands at 2,197,228.
TD stock has decreased by -2.24% in the last month. The company shares reached their 1-month lowest point of $58.84 on 09/08/23. 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 -6.95% or -$4.50 in price. In spite of this, the price is down -14.73% from the 52-week high.
Valuation Metrics
Toronto Dominion Bank (TD) has a trailing price-to-earnings (P/E) ratio of 10.44. The stock’s beta is 0.88. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.52, the price-to-book (PB) ratio at 1.43, and the price-to-cash flow ratio at 3.41.
The company has a payout ratio of 37.54%. 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 0.44 and a total debt to equity ratio of 2.02 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 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, Toronto Dominion Bank’s stock balance sheet showed total debt was $415.92 billion.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Toronto Dominion Bank (TD) price momentum. RSI 9-day as of the close on 29 September was 42.33%, suggesting the stock is Neutral, with historical volatility in this time frame at 13.98%.
As of today, TD’s price is $60.52 -0.63% or -$0.38 from its 5-day moving average. TD is currently trading -1.23% lower than its 20-day SMA and -2.06% lower than its 100-day SMA. However, the stock’s current price level is -7.46% below the SMA50 and -9.95% below the SMA200.
The stochastic %K and %D were 33.01% and 39.02%, respectively, and the average true range (ATR) was 0.99. With the 14-day stochastic at 19.93% and the average true range at 0.99, the RSI (14) stands at 43.74%. The stock has reached -0.41 on the 9-day MACD Oscillator while the 14-day reading was at -0.70.
Analyst Ratings
Credit Suisse upgraded 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 Toronto Dominion Bank (TD) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell TD, while 2 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 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 $52.61 and $66.00, with a median target of $66.00. Taking a look at these predictions, the average price target given by analysts for Toronto Dominion Bank (TD) stock is $61.54.
