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NYSE:TD

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

$66.80
+0.50 (+0.75%)
(As of 08/11/2022 12:00 AM ET)
Add
Compare
Today's Range
$66.68
$67.34
50-Day Range
$59.68
$77.04
52-Week Range
$58.64
$86.01
Volume
1.24 million shs
Average Volume
2.33 million shs
Market Capitalization
$120.69 billion
P/E Ratio
10.40
Dividend Yield
4.18%
Price Target
$100.47

Toronto-Dominion Bank MarketRank™ Forecast

Analyst Rating
Hold
2.18 Rating Score
Upside/​Downside
50.4% Upside
$100.47 Price Target
Short Interest
Healthy
0.68% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.58mentions of Toronto-Dominion Bank in the last 14 days
Based on 9 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
8.75%
From $6.40 to $6.96 Per Share

Overall MarketRank

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

2.84 out of 5 stars

Finance Sector

244th out of 920 stocks

Commercial Banks, Not Elsewhere Classified Industry

11th out of 34 stocks

TD stock logo

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.

Toronto-Dominion Bank Price Performance

Shares of Toronto-Dominion Bank stock opened at $66.30 on Thursday. The company has a 50-day simple moving average of $66.43 and a two-hundred day simple moving average of $73.73. The stock has a market capitalization of $119.79 billion, a price-to-earnings ratio of 10.33, a price-to-earnings-growth ratio of 1.29 and a beta of 0.95. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.12. Toronto-Dominion Bank has a twelve month low of $58.64 and a twelve month high of $86.01.

Toronto-Dominion Bank (NYSE:TD - Get Rating) (TSE:TD) last released its quarterly earnings data on Thursday, May 26th. The bank reported $1.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.47 by $0.13. Toronto-Dominion Bank had a net margin of 24.49% and a return on equity of 15.98%. The business had revenue of $11.26 billion during the quarter, compared to analysts' expectations of $10.18 billion. During the same period in the prior year, the company earned $1.62 EPS. The firm's quarterly revenue was up 10.1% compared to the same quarter last year. Analysts forecast that Toronto-Dominion Bank will post 6.4 EPS for the current year.

Toronto-Dominion Bank Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, July 31st. Shareholders of record on Friday, July 8th were issued a dividend of $0.692 per share. The ex-dividend date was Thursday, July 7th. This represents a $2.77 annualized dividend and a yield of 4.17%. Toronto-Dominion Bank's payout ratio is 43.15%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Stifel Nicolaus decreased their price target on shares of Toronto-Dominion Bank from C$97.00 to C$93.00 in a research note on Wednesday, July 13th. National Bank Financial increased their price target on shares of Toronto-Dominion Bank from C$100.00 to C$102.00 in a research note on Friday, May 27th. Scotiabank decreased their price target on shares of Toronto-Dominion Bank from C$105.00 to C$102.00 in a research note on Friday, May 20th. Finally, Credit Suisse Group increased their price target on shares of Toronto-Dominion Bank from C$102.00 to C$103.00 in a research note on Friday, May 27th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $100.66.

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TD Stock News Headlines

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TD Company Calendar

Last Earnings
5/26/2022
Ex-Dividend for 7/31 Dividend
7/07/2022
Dividend Payable
7/31/2022
Today
8/11/2022
Next Earnings (Confirmed)
8/25/2022
Fiscal Year End
10/31/2022

Industry, Sector and Symbol

Industry
Commercial banks, not elsewhere classified
Sub-Industry
N/A
Sector
Finance
Employees
89,464
Year Founded
1855

Price Target and Rating

Average Stock Price Forecast
$100.47
High Stock Price Forecast
$113.00
Low Stock Price Forecast
$89.00
Forecasted Upside/Downside
+50.4%
Consensus Rating
Hold
Rating Score (0-4)
2.18
Research Coverage
11 Analysts

Profitability

Net Income
$11.37 billion
Pretax Margin
29.41%

Debt

Sales & Book Value

Annual Sales
$38.29 billion
Cash Flow
$7.57 per share
Book Value
$41.04 per share

Miscellaneous

Outstanding Shares
1,806,765,000
Free Float
N/A
Market Cap
$120.69 billion
Optionable
Optionable
Beta
0.95

Social Links


Key Executives

  • Mr. Bharat B. Masrani (Age 65)
    Group Pres, CEO & Director
    Comp: $3.03M
  • 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













TD Stock - Frequently Asked Questions

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

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Toronto-Dominion Bank in the last year. There are currently 1 sell rating, 7 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities 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 forecast for 2022?

11 Wall Street analysts have issued 1 year target prices for Toronto-Dominion Bank's shares. Their TD share price forecasts range from $89.00 to $113.00. On average, they predict the company's stock price to reach $100.47 in the next twelve months. This suggests a possible upside of 49.7% 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 at the beginning of 2022. Since then, TD stock has decreased by 12.5% and is now trading at $67.11.
View the best growth stocks for 2022 here
.

Are investors shorting Toronto-Dominion Bank?

Toronto-Dominion Bank saw a drop in short interest during the month of July. As of July 31st, there was short interest totaling 12,320,000 shares, a drop of 72.8% from the July 15th total of 45,330,000 shares. Based on an average daily volume of 2,250,000 shares, the short-interest ratio is currently 5.5 days. Currently, 0.7% of the company's shares 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, August 25th 2022.
View our TD earnings forecast
.

How can I listen to Toronto-Dominion Bank's earnings call?

Toronto-Dominion Bank will be holding an earnings conference call on Thursday, August 25th at 1:30 PM Eastern. Interested parties can register for or listen to the call using this link.

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

The Toronto-Dominion Bank (NYSE:TD) released its quarterly earnings results on Thursday, May, 26th. The bank reported $1.60 earnings per share for the quarter, topping analysts' consensus estimates of $1.47 by $0.13. The bank had revenue of $11.26 billion for the quarter, compared to analysts' expectations of $10.18 billion. Toronto-Dominion Bank had a net margin of 24.49% and a trailing twelve-month return on equity of 15.98%. The company's revenue was up 10.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.62 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, May 26th. Investors of record on Friday, July 8th will be given a dividend of $0.692 per share on Sunday, July 31st. This represents a $2.77 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date is Thursday, July 7th.
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 4.30%. TD has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 43.15%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TD will have a dividend payout ratio of 39.80% 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."

Who are Toronto-Dominion Bank's major shareholders?

Toronto-Dominion Bank's stock is owned by a variety of institutional and retail investors. Top institutional investors include TD Asset Management Inc. (2.01%), Mackenzie Financial Corp (1.60%), Connor Clark & Lunn Investment Management Ltd. (0.76%), JPMorgan Chase & Co. (0.58%), Scotia Capital Inc. (0.54%) and Deutsche Bank AG (0.37%).

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 $67.11.

How much money does Toronto-Dominion Bank make?

Toronto-Dominion Bank (NYSE:TD) has a market capitalization of $121.25 billion and generates $38.29 billion in revenue each year. The bank earns $11.37 billion in net income (profit) each year or $6.42 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..
Read More

When was Toronto-Dominion Bank founded?

Toronto-Dominion Bank was founded in 1855.

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 8/11/2022 by MarketBeat.com Staff

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