Toronto-Dominion Bank - TD Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Toronto-Dominion Bank in the last year. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" TD shares.
View TD analyst ratings or view top-rated stocks.

7 analysts have issued twelve-month price targets for Toronto-Dominion Bank's shares. Their TD share price forecasts range from $93.00 to $106.00. On average, they anticipate the company's share price to reach $100.57 in the next twelve months. This suggests a possible upside of 77.8% from the stock's current price.
View analysts price targets for TD or view top-rated stocks among Wall Street analysts.

Toronto-Dominion Bank's stock was trading at $64.76 at the start of the year. Since then, TD shares have decreased by 12.7% and is now trading at $56.55.
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Toronto-Dominion Bank saw a decline in short interest in February. As of February 28th, there was short interest totaling 5,110,000 shares, a decline of 22.9% from the February 13th total of 6,630,000 shares. Based on an average trading volume of 1,720,000 shares, the days-to-cover ratio is presently 3.0 days. Currently, 0.3% of the shares of the company are sold short.
View Toronto-Dominion Bank's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 25th 2023.
View our TD earnings forecast.

The Toronto-Dominion Bank (NYSE:TD) posted its earnings results on Thursday, December, 2nd. The bank reported $1.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.57 by $0.06. The bank earned $10.94 billion during the quarter, compared to the consensus estimate of $9.90 billion. Toronto-Dominion Bank had a net margin of 18.23% and a trailing twelve-month return on equity of 16.02%. The company's revenue was down 7.6% on a year-over-year basis. During the same quarter last year, the company posted $1.21 earnings per share.

Toronto-Dominion Bank announced a quarterly dividend on Thursday, March 2nd. Investors of record on Thursday, April 6th will be paid a dividend of $0.721 per share on Sunday, April 30th. This represents a $2.88 annualized dividend and a yield of 5.10%. The ex-dividend date is Wednesday, April 5th. This is a boost from the stock's previous quarterly dividend of $0.71.
Read our dividend analysis for TD.

ETFs with the largest weight of Toronto-Dominion Bank (NYSE:TD) stock in their portfolio include iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT), Dimensional International Core Equity Market ETF (DFAI), Global X Conscious Companies ETF (KRMA) and Dimensional International Core Equity 2 ETF (DFIC) and

Toronto-Dominion Bank (NYSE:TD) pays an annual dividend of $2.81 per share and currently has a dividend yield of 5.02%. TD has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 44.39%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TD will have a dividend payout ratio of 38.92% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TD.

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.

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).

Toronto-Dominion Bank trades on the New York Stock Exchange (NYSE) under the ticker symbol "TD."

Toronto-Dominion Bank's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include TD Asset Management Inc (1.99%), Bank of Nova Scotia (1.69%), Mackenzie Financial Corp (1.58%), National Bank of Canada FI (1.47%), 1832 Asset Management L.P. (1.31%) and Norges Bank (1.26%).

Shares of TD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of TD stock can currently be purchased for approximately $56.55.

Toronto-Dominion Bank (NYSE:TD) has a market capitalization of $103.49 billion and generates $47.60 billion in revenue each year. The bank earns $13.54 billion in net income (profit) each year or $6.33 on an earnings per share basis.

The company employs 94,945 workers across the globe.

Toronto-Dominion Bank's mailing address is Toronto-Dominion Centre, TORONTO A6, M5K 1A2. The official website for the company is www.td.com. The bank can be reached via phone at (416) 308-6963, via email at tdir@td.com, or via fax at 416-982-6166.