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

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Toronto-Dominion Bank in the last twelve months. There are currently 1 sell rating, 6 hold ratings and 2 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.

9 equities research analysts have issued twelve-month target prices for Toronto-Dominion Bank's stock. Their TD share price forecasts range from $93.00 to $113.00. On average, they anticipate the company's share price to reach $100.50 in the next year. This suggests a possible upside of 52.4% 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 $76.68 at the start of the year. Since then, TD shares have decreased by 14.0% and is now trading at $65.95.
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Toronto-Dominion Bank saw a drop in short interest in the month of October. As of October 31st, there was short interest totaling 16,120,000 shares, a drop of 58.5% from the October 15th total of 38,880,000 shares. Based on an average daily trading volume, of 1,770,000 shares, the days-to-cover ratio is currently 9.1 days. Currently, 0.9% of the shares of the company are short sold.
View Toronto-Dominion Bank's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, December 1st 2022.
View our TD earnings forecast.

Toronto-Dominion Bank will be holding an earnings conference call on Thursday, December 1st at 1:30 PM Eastern. Interested parties can register for or listen to the call using this link.

The Toronto-Dominion Bank (NYSE:TD) released its quarterly earnings data on Thursday, December, 2nd. The bank reported $1.63 earnings per share for the quarter, beating analysts' consensus estimates of $1.57 by $0.06. The bank had revenue of $10.94 billion for the quarter, compared to the consensus estimate of $9.90 billion. Toronto-Dominion Bank had a net margin of 22.93% and a trailing twelve-month return on equity of 16.09%. The company's revenue was down 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.21 earnings per share.

Toronto-Dominion Bank announced a quarterly dividend on Thursday, August 25th. Investors of record on Friday, October 7th will be given a dividend of $0.696 per share on Monday, October 31st. This represents a $2.78 annualized dividend and a dividend yield of 4.22%. The ex-dividend date is Thursday, October 6th. This is a positive change from the stock's previous quarterly dividend of $0.69.
Read our dividend analysis for TD.

Toronto-Dominion Bank (NYSE:TD) pays an annual dividend of $2.57 per share and currently has a dividend yield of 3.86%. The dividend payout ratio is 41.32%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TD will have a dividend payout ratio of 38.36% 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 Vanguard Group Inc. (3.71%), TD Asset Management Inc. (2.01%), Mackenzie Financial Corp (1.59%), CIBC Asset Management Inc (0.88%), Connor Clark & Lunn Investment Management Ltd. (0.75%) and Beutel Goodman & Co Ltd. (0.75%).

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 $65.95.

Toronto-Dominion Bank (NYSE:TD) has a market capitalization of $119.67 billion and generates $38.29 billion in revenue each year. The bank earns $11.37 billion in net income (profit) each year or $6.22 on an earnings per share basis.

The company employs 89,464 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.