NYSE:TD

Toronto-Dominion Bank (TD) Stock Price, News & Analysis

$58.92
+0.36 (+0.61%)
(As of 04/23/2024 ET)
Today's Range
$58.43
$58.96
50-Day Range
$56.14
$60.81
52-Week Range
$54.69
$66.15
Volume
1.68 million shs
Average Volume
2.97 million shs
Market Capitalization
$103.89 billion
P/E Ratio
12.59
Dividend Yield
2.43%
Price Target
$89.33

Toronto-Dominion Bank MarketRank™ Stock Analysis

Analyst Rating
Hold
2.43 Rating Score
Upside/​Downside
51.6% Upside
$89.33 Price Target
Short Interest
Bearish
1.47% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.89mentions of Toronto-Dominion Bank in the last 14 days
Based on 17 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
7.18%
From $5.85 to $6.27 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.48 out of 5 stars

Finance Sector

410th out of 838 stocks

Commercial Banks, Not Elsewhere Classified Industry

12th out of 26 stocks

TD stock logo

About Toronto-Dominion Bank Stock (NYSE:TD)

The Toronto-Dominion Bank, also known as TD Bank, is a Canadian multinational bank that provides a wide range of financial services to customers in Canada, the United States, and worldwide. The bank was founded in 1855 in Toronto, Canada, and has since grown to become one of the largest banks in North America, with over 85,000 employees and more than 26 million customers. TD Bank is headquartered in Toronto, Canada, and has additional offices in New York City and other major cities throughout the United States.

TD Bank's key highlights and achievements include its status as the sixth-largest bank in North America by assets, its recognition as one of Canada's Best Managed Companies for 20 consecutive years, and its commitment to sustainability and corporate responsibility.

The management team at TD Bank is led by Chief Executive Officer Bharat Masrani, who has been with the company for over 30 years and has held various senior leadership positions before being appointed CEO in 2014. 

Regarding financial performance, TD Bank has delivered consistent results over the past few years, with revenue and net income increasing yearly for the past several years. The bank's profit margins have also remained robust, with an average net profit margin of 25%. However, TD Bank has also faced challenges related to debt levels and changes in ownership, with a recent decrease in ownership by TD Ameritrade Holding Corporation. Regarding valuation, TD Bank's price-to-earnings and price-to-book ratios align with industry peers. The company's market performance has also been relatively stable, with modest price movements and steady trading volume over the past few years. 

TD Bank operates in a highly competitive and regulated industry, with other major players, including the Bank of Montreal, Royal Bank of Canada, and Canadian Imperial Bank of Commerce. The broader banking industry is also subject to regulatory and political issues, such as changes in interest rates and financial regulations. 

Despite these challenges, TD Bank has identified growth opportunities in new markets and product areas. These include launching new digital banking services and expanding the bank's presence in key markets such as the United States and Asia. TD Bank has also made several acquisitions in recent years, including the addition of Scottrade Bank in 2017 and the purchase of Chrysler Financial in 2011.

However, TD Bank also faces several risks and challenges, such as changes in consumer preferences and increased competition from fintech startups. The bank's focus on sustainability and corporate responsibility also presents risks related to environmental and social factors, such as climate change and social inequality. There are also recession risks involved. TD Bank could face challenges if there is a downturn in the economy. 

TD Stock Price History

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Company Calendar

Ex-Dividend for 1/31 Dividend
1/09/2024
Dividend Payable
1/31/2024
Last Earnings
2/29/2024
Ex-Dividend for 4/30 Dividend
4/08/2024
Today
4/23/2024
Dividend Payable
4/30/2024
Next Earnings (Estimated)
5/23/2024
Fiscal Year End
10/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Commercial banks, not elsewhere classified
Sub-Industry
N/A
Employees
103,257
Year Founded
1855

Price Target and Rating

Average Stock Price Target
$89.33
High Stock Price Target
$94.00
Low Stock Price Target
$82.00
Potential Upside/Downside
+51.7%
Consensus Rating
Hold
Rating Score (0-4)
2.43
Research Coverage
7 Analysts

Profitability

Net Income
$7.99 billion
Pretax Margin
13.19%

Debt

Sales & Book Value

Annual Sales
$75.05 billion
Cash Flow
$7.11 per share
Book Value
$41.69 per share

Miscellaneous

Outstanding Shares
1,763,190,000
Free Float
1,761,602,000
Market Cap
$103.82 billion
Optionable
Optionable
Beta
0.86

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Key Executives

  • Mr. Bharat B. MasraniMr. Bharat B. Masrani (Age 67)
    Group President, CEO & Director
    Comp: $2.33M
  • Mr. Kelvin Vi Luan TranMr. Kelvin Vi Luan Tran
    Group Head & CFO
  • Mr. Riaz E. Ahmed
    Group Head of Wholesale Banking
  • Mr. Leovigildo Salom
    Group Head U.S. Retail and President & CEO of America's Most Convenient Bank
  • Salma Salman
    Chief Accountant & Senior VP of Finance
  • Mr. Greg Keeley
    Senior Executive Vice President of Technology & Platforms
  • Ms. Judy Dinn
    Chief Information Officer
  • Ms. Brooke Hales
    Head of Investor Relations
  • Ms. Jane A. Langford
    Executive VP & General Counsel
  • Ms. Renu Gupta
    Senior Vice President of Corporate Development, Strategy & Funding

Should I Buy Toronto-Dominion Bank Stock? TD Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in The Toronto-Dominion Bank:

  • Toronto-Dominion Bank has a strong market capitalization of $106.14 billion, indicating stability and size in the market.
  • The company offers a diverse range of financial products and services across different segments, providing revenue streams from various sources.
  • With a current ratio of 0.99 and a quick ratio of 0.99, the bank shows good liquidity and ability to meet short-term obligations.
  • Toronto-Dominion Bank has a competitive price-to-earnings ratio of 12.72, suggesting potential value for investors compared to industry peers.
  • The bank recently increased its dividend, a positive sign for investors looking for income-generating investments.

Cons

Investors should be bearish about investing in The Toronto-Dominion Bank for these reasons:

  • Despite the stable market capitalization, the stock price has experienced fluctuations, with a 52-week range between $54.69 and $66.15.
  • The bank's price-to-earnings-growth ratio of 1.83 may indicate that the stock is slightly overvalued based on its growth prospects.
  • Recent analyst reports have issued hold ratings on the stock, suggesting limited upside potential in the near term.
  • Some analysts have downgraded Toronto-Dominion Bank from buy ratings to neutral, signaling caution among experts regarding future performance.
  • The bank operates in a competitive industry, facing challenges from regulatory changes and economic uncertainties that could impact its profitability.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 10, 2024. Please send any questions or comments about these Toronto-Dominion Bank pros and cons to contact@marketbeat.com.

TD Stock Analysis - Frequently Asked Questions

Should I buy or sell Toronto-Dominion Bank stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Toronto-Dominion Bank in the last twelve months. There are currently 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" TD shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TD, but not buy additional shares or sell existing shares.
View TD analyst ratings
or view top-rated stocks.

What is Toronto-Dominion Bank's stock price target for 2024?

7 Wall Street analysts have issued 12-month price targets for Toronto-Dominion Bank's shares. Their TD share price targets range from $82.00 to $94.00. On average, they anticipate the company's share price to reach $89.33 in the next twelve months. This suggests a possible upside of 51.6% from the stock's current price.
View analysts price targets for TD
or view top-rated stocks among Wall Street analysts.

How have TD shares performed in 2024?

Toronto-Dominion Bank's stock was trading at $64.62 at the beginning of 2024. Since then, TD stock has decreased by 8.8% and is now trading at $58.92.
View the best growth stocks for 2024 here
.

Are investors shorting Toronto-Dominion Bank?

Toronto-Dominion Bank saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 25,970,000 shares, an increase of 125.0% from the March 15th total of 11,540,000 shares. Based on an average daily trading volume, of 2,960,000 shares, the short-interest ratio is currently 8.8 days. Currently, 1.5% of the company's stock are short sold.
View Toronto-Dominion Bank's Short Interest
.

When is Toronto-Dominion Bank's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 23rd 2024.
View our TD earnings forecast
.

How were Toronto-Dominion Bank's earnings last quarter?

The Toronto-Dominion Bank (NYSE:TD) posted its quarterly earnings data on Thursday, February, 29th. The bank reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.05. The bank had revenue of $10.07 billion for the quarter, compared to the consensus estimate of $9.35 billion. Toronto-Dominion Bank had a trailing twelve-month return on equity of 14.15% and a net margin of 11.16%.

How often does Toronto-Dominion Bank pay dividends? What is the dividend yield for Toronto-Dominion Bank?

Toronto-Dominion Bank announced a quarterly dividend on Friday, March 1st. Shareholders of record on Tuesday, April 9th will be given a dividend of $0.7519 per share on Tuesday, April 30th. This represents a $3.01 annualized dividend and a dividend yield of 5.10%. The ex-dividend date of this dividend is Monday, April 8th. This is an increase from the stock's previous quarterly dividend of $0.75.
Read our dividend analysis for TD
.

Is Toronto-Dominion Bank a good dividend stock?

Toronto-Dominion Bank (NYSE:TD) pays an annual dividend of $1.43 per share and currently has a dividend yield of 2.46%. The dividend payout ratio is 30.56%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TD will have a dividend payout ratio of 22.81% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TD.

What is Bharat Masrani's approval rating as Toronto-Dominion Bank's CEO?

2,459 employees have rated Toronto-Dominion Bank Chief Executive Officer Bharat Masrani on Glassdoor.com. Bharat Masrani has an approval rating of 86% among the company's employees.

What other stocks do shareholders of Toronto-Dominion Bank own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Toronto-Dominion Bank investors own include Intact Financial (IFC), Constellation Software (CSU), AutoCanada (ACQ), Alimentation Couche-Tard (ATD.B), AbbVie (ABBV), Vermilion Energy (VET), AT&T (T), Pfizer (PFE), Royal Bank of Canada (RY) and Rogers Communications (RCI).

Who are Toronto-Dominion Bank's major shareholders?

Toronto-Dominion Bank's stock is owned by a number of retail and institutional investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.23%), Addenda Capital Inc. (0.09%), Cardinal Capital Management Inc. (0.09%), Dixon Mitchell Investment Counsel Inc. (0.08%), Nexus Investment Management ULC (0.05%) and QV Investors Inc. (0.04%).

How do I buy shares of Toronto-Dominion Bank?

Shares of TD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Toronto-Dominion Bank have any subsidiaries?
The following companies are subsidiares of Toronto-Dominion Bank: Epoch Investment Partners Inc., Greystone Managed Investments, Headlands Tech Global Markets LLC, Layer 6 AI, Meloche Monnex Inc., Primmum Insurance Company, Scottrade Bank, Security National Insurance Company, TD Ameritrade, TD Asset Administration UK Limited, TD Asset Management Inc., TD Auto Finance (Canada) Inc., TD Auto Finance LLC, TD Auto Finance Services Inc., TD Bank Europe Limited, TD Bank International S.A., TD Bank N.V., TD Bank National Association, TD Bank US Holding Company, TD Bank USA National Association, TD Direct Insurance Inc., TD Direct Investing (Europe) Limited, TD Equipment Finance Inc., TD Financial International Ltd., TD Financing Services Home Inc., TD Financing Services Inc., TD General Insurance Company, TD Global Finance, TD Global Finance Unlimited Company, TD Group US Holdings LLC, TD Home and Auto Insurance Company, TD Investment Services Inc., TD Ireland, TD Ireland Unlimited Company, TD Life Insurance Company, TD Luxembourg International Holdings, TD Mortgage Corporation, TD Pacific Mortgage Corporation, TD Private Client Wealth LLC, TD Reinsurance (Barbados) Inc., TD Securities (Japan) Co. Ltd., TD Securities (USA) LLC, TD Securities Inc., TD Securities Limited, TD Vermillion Holdings ULC, TD Waterhouse Canada Inc., TD Waterhouse Private Investment Counsel Inc., TD Wealth Holdings (UK) Limited, TD Wealth Management Services Inc., TDAM USA Inc., The Canada Trust Company, Thirdco II Limited, Toronto Dominion (New York) LLC, Toronto Dominion (South East Asia) Limited, Toronto Dominion (Texas) LLC, Toronto Dominion Australia Limited, Toronto Dominion Capital (U.S.A.) Inc., Toronto Dominion Holdings (U.K.) Limited, Toronto Dominion Holdings (U.S.A.) Inc., Toronto Dominion International Inc., and Toronto Dominion Investments B.V..
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This page (NYSE:TD) was last updated on 4/23/2024 by MarketBeat.com Staff

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