NYSE:TD

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

$61.33

-0.64 (-1.03%)

(As of 09/30/2022 09:02 PM ET)

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Today's Range: $61.21
▼
$62.64
50-Day Range: $61.33
▼
$68.93
52-Week Range: $58.64
▼
$86.01

Volume: 1.62 million shs
Average Volume: 2.21 million shs
Market Capitalization: $111.27 billion

P/E Ratio: 9.86
Dividend Yield: 4.52%
Price Target: $100.94

Toronto-Dominion Bank MarketRank™ Forecast

Analyst Rating: Hold
2.11 Rating Score
Upside/Downside: 64.6% Upside
$100.94 Price Target
Short Interest: Bearish
0.76% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.63
Based on 9 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 8.23%
From $6.32 to $6.84 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.55 out of 5 stars

Finance Sector

437th out of 923 stocks

Commercial Banks, Not Elsewhere Classified Industry

21st out of 35 stocks

3.1

Analyst's Opinion

Consensus Rating
Toronto-Dominion Bank has received a consensus rating of Hold. The company's average rating score is 2.11, and is based on 2 buy ratings, 6 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $100.94, Toronto-Dominion Bank has a forecasted upside of 64.6% from its current price of $61.33.
Amount of Analyst Coverage
Toronto-Dominion Bank has only been the subject of 2 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
0.76% of the float of Toronto-Dominion Bank has been sold short.
Short Interest Ratio / Days to Cover
Toronto-Dominion Bank has a short interest ratio ("days to cover") of 7.3.
Change versus previous month
Short interest in Toronto-Dominion Bank has recently increased by 44.56%, indicating that investor sentiment is decreasing significantly.

3.3

Dividend Strength

Dividend Leadership
Toronto-Dominion Bank is a leading dividend payer. It pays a dividend yield of 4.52%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Toronto-Dominion Bank does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Toronto-Dominion Bank is 44.53%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Toronto-Dominion Bank will have a dividend payout ratio of 40.50% next year. This indicates that Toronto-Dominion Bank will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for TD.

2.6

News and Social Media Coverage

News Sentiment
Toronto-Dominion Bank has a news sentiment score of 0.63. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.
News Coverage This Week
MarketBeat has tracked 9 news articles for Toronto-Dominion Bank this week, compared to 4 articles on an average week.
Search Interest
Only 46 people have searched for TD on MarketBeat in the last 30 days. This is a decrease of -25% compared to the previous 30 days.
MarketBeat Follows
19 people have added Toronto-Dominion Bank to their MarketBeat watchlist in the last 30 days. This is an increase of 73% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Toronto-Dominion Bank insiders have not sold or bought any company stock.
Percentage Held by Institutions
49.10% of the stock of Toronto-Dominion Bank is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Toronto-Dominion Bank are expected to grow by 8.23% in the coming year, from $6.32 to $6.84 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Toronto-Dominion Bank is 9.86, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 118.64.
Price to Earnings Ratio vs. Sector
The P/E ratio of Toronto-Dominion Bank is 9.86, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 157.15.
Price to Earnings Growth Ratio
Toronto-Dominion Bank has a PEG Ratio of 1.39. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Toronto-Dominion Bank has a P/B Ratio of 1.50. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Toronto-Dominion Bank (NYSE:TD) Stock

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The company offers personal deposits, such as chequing, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; and financing options to customers at point of sale for automotive and recreational vehicle purchases. It also provides credit cards and payments; real estate secured lending, auto finance, and consumer lending services; point-of-sale payment solutions for large and small businesses; wealth and asset management products, and advice to retail and institutional clients through direct investing, advice-based, and asset management businesses; and property and casualty insurance, as well as life and health insurance products. The company also provides capital markets, and corporate and investment banking products and services, including underwriting and distribution of new debt and equity issues; advice on strategic acquisitions and divestitures; and trading, funding, and investment services to corporations, governments, and institutions. It offers its products and services under the TD Bank and America's Most Convenient Bank brand names. The company operates through a network of 1,061 branches and 3,381 automated teller machines (ATMs) in Canada, and 1,148 stores and 2,701 ATMs in the United States, as well as offers telephone, digital, and mobile banking services. It has a strategic alliance with Canada Post Corporation. The Toronto-Dominion Bank was founded in 1855 and is headquartered in Toronto, Canada.

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TD Stock News Headlines

October 2, 2022 | fool.ca

2 TSX Bank Stocks Worth a Long-Term Bet Right Now

September 30, 2022 | seekingalpha.com

Toronto-Dominion Bank's Resilient Earnings Profile Is Appealing

September 30, 2022 | nasdaq.com

Love Dividends? Toronto-Dominion Bank (NYSE:TD) Stock Could Be a Reliable Bet

September 30, 2022 | finance.yahoo.com

With 55% ownership, The Toronto-Dominion Bank (TSE:TD) boasts of strong institutional backing

September 27, 2022 | msn.com

Bank of Nova Scotia Stock: Should You Buy Now?

September 26, 2022 | bizjournals.com

TD Bank extends card deal with Target

September 25, 2022 | finance.yahoo.com

Small Deposits: TD extends card deal with Target; Wells Fargo closes Montco branch

September 25, 2022 | finance.yahoo.com

TD DONATES $250,000 TO SUPPORT HURRICANE FIONA RELIEF EFFORTS

September 21, 2022 | nz.finance.yahoo.com

Nature Conservancy of Canada accelerates conservation with TD carbon investment

September 21, 2022 | marketwatch.com

TD Bank, Target Extend U.S. Credit-Card Partnership Through 2030

September 21, 2022 | theglobeandmail.com

TD Bank launches carbon advisory business and invests $10-million in boreal forest project

September 21, 2022 | finance.yahoo.com

TD Securities invests in Canada's largest ever private conservation project, announces formation of ESG Solutions' Carbon Advisory Practice

September 21, 2022 | finance.yahoo.com

TD Bank and Target Corporation Extend U.S. Credit Card Partnership Agreement Through 2030

September 19, 2022 | finance.yahoo.com

Best Cash-Back Credit Cards

September 15, 2022 | theglobeandmail.com

Toronto-Dominion Bank: Top 10 Undervalued Banks Industry Stocks on TSE (TD)

September 14, 2022 | theglobeandmail.com

TD taps Cowen ranks for new co-heads of investment banking and global markets

September 12, 2022 | nasdaq.com

January 2025 Options Now Available For Toronto Dominion Bank (TD)

September 7, 2022 | ca.finance.yahoo.com

FP Canada™ Announces TD as the Platinum Sponsor for its Financial Planning Conference

September 7, 2022 | seekingalpha.com

The Toronto-Dominion Bank (TD) CEO Bharat Masrani Presents at Scotiabank 23rd Annual Financials Summit Conference (Transcript)

September 7, 2022 | bloomberg.com

TD CEO Says Cowen Team Will Have ‘Meaningful and Large’ Role

September 6, 2022 | finance.yahoo.com

TD Announces Non-Viability Contingent Capital AT1 Limited Recourse Capital Notes Issue

August 30, 2022 | finance.yahoo.com

TD Asset Management launches new ETF focused on the growing global carbon credit market

August 26, 2022 | finance.yahoo.com

TD, CIBC beat analyst expectations in Q3 despite slipping profits

August 26, 2022 | msn.com

4 Reasons to Buy TD Bank (TSX:TD)

August 26, 2022 | seekingalpha.com

TD Bank raised to Outperform at RBC as growth becomes 'too hard to ignore'

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30 days | 90 days | 365 days | Advanced Chart

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TD Company Calendar

Ex-Dividend for 7/31 Dividend: 7/07/2022
Dividend Payable: 7/31/2022
Last Earnings: 8/25/2022
Today: 10/02/2022
Ex-Dividend for 10/31 Dividend: 10/06/2022
Dividend Payable: 10/31/2022
Fiscal Year End: 10/31/2022
Next Earnings (Estimated): 12/01/2022

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Commercial banks, not elsewhere classified
Sub-Industry: N/A
Sector: Finance
Current Symbol: NYSE:TD
CUSIP: N/A
CIK: 947263
Web: www.td.com
Phone: (416) 308-6963
Fax: 416-982-6166
Employees: 89,464
Year Founded: 1855

Price Target and Rating

Average Stock Price Forecast: $100.94
High Stock Price Forecast: $113.00
Low Stock Price Forecast: $93.00
Forecasted Upside/Downside: +64.6%
Consensus Rating: Hold
Rating Score (0-4): 2.11
Research Coverage: 9 Analysts

Profitability

EPS (Most Recent Fiscal Year): $6.22
Trailing P/E Ratio: 9.86
Forward P/E Ratio: 9.70
P/E Growth: 1.39
Net Income: $11.37 billion
Net Margins: 22.93%
Pretax Margin: 27.13%
Return on Equity: 16.09%
Return on Assets: 0.85%

Debt

Debt-to-Equity Ratio: 0.12
Current Ratio: 0.94
Quick Ratio: 0.94

Sales & Book Value

Annual Sales: $38.29 billion
Price / Sales: 2.91
Cash Flow: $7.22 per share
Price / Cash Flow: 8.50
Book Value: $40.81 per share
Price / Book: 1.50

Miscellaneous

Outstanding Shares: 1,814,320,000
Free Float: N/A
Market Cap: $111.27 billion
Optionable: Optionable
Beta: 0.94

Social Links

Key Executives

Mr. Bharat B. Masrani (Age 65)
Group Pres, CEO & Director
Comp: $3.02M

Mr. Kelvin Vi Luan Tran
Sr. EVP & CFO

Mr. Riaz E. Ahmed
Group Head of Wholesale Banking

Mr. Michael G. Rhodes (Age 56)
Group Head, Canadian Personal Banking
Comp: $1.89M

Salma Salman
Chief Accountant & Sr. VP of Fin.

Mr. Greg Keeley
Sr. Exec. VP of Technology & Platforms

Ms. Judy Dinn
Chief Information Officer

Ms. Brooke Hales
Head of Investor Relations

Ms. Jane A. Langford
Exec. VP & Gen. Counsel

Ms. Renu Gupta
Head of Corp. Devel. & Funding

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

TD Stock - Frequently Asked Questions

Should I buy or sell Toronto-Dominion Bank stock right now?: 9 Wall Street 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 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 forecast for 2022?: 9 analysts have issued 1 year price targets for Toronto-Dominion Bank's shares. Their TD share price forecasts range from $93.00 to $113.00. On average, they anticipate the company's stock price to reach $100.94 in the next year. This suggests a possible upside of 64.6% 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 2022?: Toronto-Dominion Bank's stock was trading at $76.68 on January 1st, 2022. Since then, TD shares have decreased by 20.0% and is now trading at $61.33.
View the best growth stocks for 2022 here.
Are investors shorting Toronto-Dominion Bank?: Toronto-Dominion Bank saw a increase in short interest in September. As of September 15th, there was short interest totaling 13,690,000 shares, an increase of 44.6% from the August 31st total of 9,470,000 shares. Based on an average daily volume of 1,870,000 shares, the short-interest ratio is currently 7.3 days. Approximately 0.8% of the shares of the company 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, December 1st 2022.
View our TD earnings forecast.
How were Toronto-Dominion Bank's earnings last quarter?: The Toronto-Dominion Bank (NYSE:TD) announced its quarterly earnings data on Thursday, August, 25th. The bank reported $1.62 earnings per share for the quarter, topping analysts' consensus estimates of $1.56 by $0.06. The bank earned $8.49 billion during the quarter, compared to the consensus estimate of $10.63 billion. Toronto-Dominion Bank had a trailing twelve-month return on equity of 16.09% and a net margin of 22.93%. During the same quarter in the previous year, the business posted $1.60 EPS.
How often does Toronto-Dominion Bank pay dividends? What is the dividend yield for Toronto-Dominion Bank?: Toronto-Dominion Bank declared a quarterly dividend on Thursday, August 25th. Shareholders 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 dividend on an annualized basis and a yield of 4.54%. The ex-dividend date of this dividend is Thursday, October 6th. This is a boost from the stock's previous quarterly dividend of $0.69.
Read our dividend analysis for TD.
Is Toronto-Dominion Bank a good dividend stock?: Toronto-Dominion Bank (NYSE:TD) pays an annual dividend of $2.77 per share and currently has a dividend yield of 4.46%. TD has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 44.53%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TD will have a dividend payout ratio of 40.50% 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).
What is Toronto-Dominion Bank's stock symbol?: Toronto-Dominion Bank trades on the New York Stock Exchange (NYSE) under the ticker symbol "TD."
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Toronto-Dominion Bank's stock price today?: One share of TD stock can currently be purchased for approximately $61.33.
How much money does Toronto-Dominion Bank make?: Toronto-Dominion Bank (NYSE:TD) has a market capitalization of $111.27 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.
How many employees does Toronto-Dominion Bank have?: The company employs 89,464 workers across the globe.
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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How can I contact Toronto-Dominion Bank?: 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.

This page (NYSE:TD) was last updated on 10/3/2022 by MarketBeat.com Staff

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

Toronto-Dominion Bank MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows