NYSE:TD

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

$68.37

+1.63 (+2.44%)

(As of 12/1/2022 12:00 AM ET)

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Today's Range: $67.13
▼
$68.38
50-Day Range: $58.53
▼
$68.11
52-Week Range: $57.27
▼
$86.01

Volume: 2.15 million shs
Average Volume: 2.12 million shs
Market Capitalization: $124.06 billion

P/E Ratio: 10.99
Dividend Yield: 3.85%
Price Target: $100.50

Toronto-Dominion Bank MarketRank™ Forecast

Analyst Rating: Hold
2.11 Rating Score
Upside/Downside: 47.0% Upside
$100.50 Price Target
Short Interest: Bearish
0.89% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.12
Based on 12 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 9.12%
From $6.14 to $6.70 Per Share

Overall MarketRank^™

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

2.51 out of 5 stars

Finance Sector

312th out of 912 stocks

Commercial Banks, Not Elsewhere Classified Industry

12th out of 36 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 $100.50, Toronto-Dominion Bank has a forecasted upside of 47.0% from its current price of $68.37.
Amount of Analyst Coverage
Toronto-Dominion Bank has only been the subject of 1 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
0.89% 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 9.4.
Change versus previous month
Short interest in Toronto-Dominion Bank has recently increased by 0.25%, indicating that investor sentiment is decreasing.

3.3

Dividend Strength

Dividend Leadership
Toronto-Dominion Bank is a leading dividend payer. It pays a dividend yield of 3.85%, 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 41.32%. 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 38.36% 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.

2.3

News and Social Media Coverage

News Sentiment
Toronto-Dominion Bank has a news sentiment score of 0.12. 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 is a lower news sentiment than the 0.67 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 12 news articles for Toronto-Dominion Bank this week, compared to 4 articles on an average week.
Search Interest
Only 52 people have searched for TD on MarketBeat in the last 30 days. This is a decrease of -9% compared to the previous 30 days.
MarketBeat Follows
11 people have added Toronto-Dominion Bank to their MarketBeat watchlist in the last 30 days. This is an increase of 120% 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 Insiders
Only 0.09% of the stock of Toronto-Dominion Bank is held by insiders.
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 9.12% in the coming year, from $6.14 to $6.70 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Toronto-Dominion Bank is 10.99, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.47.
Price to Earnings Ratio vs. Sector
The P/E ratio of Toronto-Dominion Bank is 10.99, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 175.28.
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 1.67. 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 Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking segments. The company offers personal deposits, such as checking, 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

November 27, 2022 | marketbeat.com

2 Big Dividend Hikes Set to Drop Soon (Tickers Revealed Below)

December 1, 2022 | markets.businessinsider.com

Positive Report for Toronto Dominion Bank (TD) from Canaccord Genuity

December 1, 2022 | americanbankingnews.com

Toronto-Dominion Bank (NYSE:TD) Sees Unusually-High Trading Volume

November 30, 2022 | benzinga.com

Preview: The Toronto-Dominion Bank's Earnings

November 30, 2022 | finance.yahoo.com

TD Bank invests $5 million in Citizens Trust Bank, a minority-owned financial institution serving the Atlanta region for over 100 years

November 28, 2022 | theglobeandmail.com

TD-Canada Post lending program paused after suspicious activity detected

November 26, 2022 | americanbankingnews.com

FY2023 EPS Estimates for The Toronto-Dominion Bank (NYSE:TD) Boosted by Cormark

November 25, 2022 | msn.com

TD Bank and Canada Post 'pause' rural lending program after two months

November 25, 2022 | americanbankingnews.com

Analysts Set The Toronto-Dominion Bank (NYSE:TD) PT at $100.44

November 24, 2022 | americanbankingnews.com

Toronto-Dominion Bank (NYSE:TD) PT Lowered to C$100.00

November 23, 2022 | fool.ca

Better Buy: TD Bank or the Entire TSX?

November 23, 2022 | finance.yahoo.com

TD Bank Announces Multi-Year Extension of Credit Card Partnership with Nordstrom

November 23, 2022 | ca.finance.yahoo.com

Big banks starting to exhibit policy differences on climate change, advocacy group says

November 22, 2022 | americanbankingnews.com

Toronto-Dominion Bank (NYSE:TD) Price Target Lowered to C$103.00 at National Bank Financial

November 17, 2022 | finance.yahoo.com

TD Bank Survey Reveals Holiday Shoppers Navigating Inflation-fueled Holiday Season by Banking on their Budgets

November 17, 2022 | bizjournals.com

TD Bank to open 'community-centered' branch on west side of Charlotte next fall

November 14, 2022 | nz.finance.yahoo.com

TD SYNNEX Brings Google Cloud Capabilities to the U.S. Public Sector

November 8, 2022 | fool.ca

Missed Out on Canadian Energy Stocks? My Best Bank Stock to Buy and Hold

November 8, 2022 | finance.yahoo.com

TD launches refreshed credit card rewards lineup just in time for the holiday season

November 7, 2022 | fool.ca

Why Is Everyone Talking About TD Stock?

November 6, 2022 | msn.com

TD Bank Group on track to finalize $13.4 billion acquisition of First Horizon

October 19, 2022 | finance.yahoo.com

TD Announces Results of Conversion Privilege of Non-Cumulative 5-Year Rate Reset Preferred Shares, Series 16 (NVCC)

October 17, 2022 | money.usnews.com

Toronto Dominion Bank

October 17, 2022 | finance.yahoo.com

TD Greystone Infrastructure Fund Completes Investment in Sea Port Infrastructure with Verbrugge International

October 11, 2022 | finance.yahoo.com

TD Bank eliminates non-sufficient funds fees in latest overdraft policy change

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TD Company Calendar

Last Earnings: 12/02/2021
Ex-Dividend for 10/31 Dividend: 10/06/2022
Dividend Payable: 10/31/2022
Today: 12/01/2022
Next Earnings (Confirmed): 12/01/2022
Fiscal Year End: 10/31/2023

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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: $100.50
High Stock Price Forecast: $113.00
Low Stock Price Forecast: $93.00
Forecasted Upside/Downside: +47.0%
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: 10.99
Forward P/E Ratio: 11.14
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: 3.24
Cash Flow: $7.55 per share
Price / Cash Flow: 9.05
Book Value: $41.04 per share
Price / Book: 1.67

Miscellaneous

Outstanding Shares: 1,814,599,000
Free Float: 1,812,966,000
Market Cap: $124.06 billion
Optionable: Optionable
Beta: 0.90

Social Links

Key Executives

Mr. Bharat B. Masrani (Age 65)
Group Pres, CEO & Director
Comp: $2.95M

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: $1.85M

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 year. 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 2023?: 9 brokerages have issued 1 year price objectives for Toronto-Dominion Bank's stock. Their TD share price forecasts range from $93.00 to $113.00. On average, they expect the company's share price to reach $100.50 in the next twelve months. This suggests a possible upside of 47.0% 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 stock has decreased by 10.8% and is now trading at $68.37.
View the best growth stocks for 2022 here.
Are investors shorting Toronto-Dominion Bank?: Toronto-Dominion Bank saw a decrease in short interest in the month of October. As of October 31st, there was short interest totaling 16,120,000 shares, a decrease of 58.5% from the October 15th total of 38,880,000 shares. Based on an average trading volume of 1,770,000 shares, the short-interest ratio is currently 9.1 days. Approximately 0.9% of the shares of the stock are short sold.
View Toronto-Dominion Bank's Short Interest.
How were Toronto-Dominion Bank's earnings last quarter?: 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, topping the consensus estimate 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 trailing twelve-month return on equity of 16.09% and a net margin of 22.93%. The firm's quarterly revenue was down 7.6% on a year-over-year basis. During the same quarter last year, the business posted $1.21 earnings per share.
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. Stockholders of record on Friday, October 7th will be paid a dividend of $0.696 per share on Monday, October 31st. This represents a $2.78 annualized dividend and a dividend yield of 4.07%. 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.
Is Toronto-Dominion Bank a good dividend stock?: Toronto-Dominion Bank (NYSE:TD) pays an annual dividend of $2.57 per share and currently has a dividend yield of 3.85%. 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.
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 retail and institutional investors. Top institutional investors 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%).
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 $68.37.
How much money does Toronto-Dominion Bank make?: Toronto-Dominion Bank (NYSE:TD) has a market capitalization of $124.06 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 12/2/2022 by MarketBeat.com Staff

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