NYSE:TDToronto-Dominion Bank Stock Price, Forecast & News

$42.80

-0.89 (-2.04 %)

(As of 05/29/2020 04:00 PM ET)

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Today's Range

$42.48

Now: $42.80▼

$43.70

50-Day Range

$38.47

MA: $40.68▼

$45.43

52-Week Range

$33.74

Now: $42.80▼

$59.55

Volume2.49 million shs

Average Volume2.56 million shs

Market Capitalization$77.14 billion

P/E Ratio10.00

Dividend Yield5.25%

Beta0.86

The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. The company operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. It offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; financing options to customers at point of sale for automotive and recreational vehicle purchases through auto dealer network; credit cards; investing, advice-based, and asset management services to retail and institutional clients; and property and casualty insurance, as well as life and health insurance products. The company also provides capital markets, and corporate and investment banking services, including underwriting and distribution of new debt and equity issues; providing advice on strategic acquisitions and divestitures; and trading, funding, and investment services to companies, governments, and institutions, as well as automated teller machines, telephone, Internet, and mobile banking services. The company offers its products and services under the TD Bank, America's Most Convenient Bank, and TD Securities brand names. It offers personal and business banking products and services through a network of 1,098 branches and 3,394 automated teller machines in Canada; and through a network of 1,257 stores. The Toronto-Dominion Bank was founded in 1855 and is headquartered in Toronto, Canada.

Beat the Market (BTM) Rank^™

3.2 Analyst's Opinion

Consensus Rating
Toronto-Dominion Bank has received a consensus rating of Hold. The company's average rating score is 2.42, and is based on 5 buy ratings, 7 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $73.42, Toronto-Dominion Bank has a potential upside of 71.5% from its current price of $42.80.
Amount of Analyst Coverage
Toronto-Dominion Bank has only been the subject of 4 research reports in the past 90 days.

2.1 Community Rank

Outperform Votes
Toronto-Dominion Bank has received 484 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Toronto-Dominion Bank has received 677 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Toronto-Dominion Bank has received 58.31% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Toronto-Dominion Bank and other stocks. Vote “Outperform” if you believe TD will outperform the S&P 500 over the long term. Vote “Underperform” if you believe TD will underperform the S&P 500 over the long term. You may vote once every thirty days.

3.3 Dividend Strength

Dividend Leadership
Toronto-Dominion Bank is a leading dividend payer. It pays a dividend yield of 5.25%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Toronto-Dominion Bank has only been increasing its dividend for 3 years.
Dividend Coverage
The dividend payout ratio of Toronto-Dominion Bank is 44.73 %. 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 57.11 % next year. This indicates that Toronto-Dominion Bank will be able to sustain or increase its dividend.

1.0 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
48.00% 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.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Toronto-Dominion Bank are expected to grow by 14.87% in the coming year, from $3.43 to $3.94 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Toronto-Dominion Bank is 10.00, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 15.35.
Price to Earnings Ratio vs. Sector
The P/E ratio of Toronto-Dominion Bank is 10.00, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 18.66.
Price to Earnings Growth Ratio
Toronto-Dominion Bank has a PEG Ratio of 1.78. 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 1.26. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.30 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Commercial banks, not elsewhere classified

Sub-IndustryN/A

SectorFinance

Current SymbolNYSE:TD

Previous Symbol

CUSIPN/A

CIK947263

Webwww.td.com

Phone416-308-6963

Debt

Debt-to-Equity Ratio0.16

Current Ratio0.98

Quick Ratio0.98

Price-To-Earnings

Trailing P/E Ratio10.00

Forward P/E Ratio12.48

P/E Growth1.78

Sales & Book Value

Annual Sales$44.50 billion

Price / Sales1.73

Cash Flow$5.78 per share

Price / Cash Flow7.41

Book Value$34.01 per share

Price / Book1.26

Profitability

EPS (Most Recent Fiscal Year)$5.03

Net Income$8.78 billion

Net Margins18.30%

Return on Equity13.24%

Return on Assets0.74%

Miscellaneous

Employees89,031

Outstanding Shares1,802,440,000

Market Cap$77.14 billion

Next Earnings Date9/3/2020 (Estimated)

OptionableOptionable

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Toronto-Dominion Bank (NYSE:TD) Frequently Asked Questions

How has Toronto-Dominion Bank's stock been impacted by COVID-19 (Coronavirus)?

Toronto-Dominion Bank's stock was trading at $42.12 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, TD stock has increased by 1.6% and is now trading at $42.80. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Toronto-Dominion Bank?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Toronto-Dominion Bank in the last year. There are currently 7 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Toronto-Dominion Bank.

When is Toronto-Dominion Bank's next earnings date?

Toronto-Dominion Bank is scheduled to release its next quarterly earnings announcement on Thursday, September 3rd 2020. View our earnings forecast for Toronto-Dominion Bank.

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

Toronto-Dominion Bank (NYSE:TD) released its earnings results on Thursday, May, 28th. The bank reported $0.85 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.60 by $0.25. The bank had revenue of $10.53 billion for the quarter, compared to analysts' expectations of $9.82 billion. Toronto-Dominion Bank had a net margin of 18.30% and a return on equity of 13.24%. Toronto-Dominion Bank's revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.75 earnings per share. View Toronto-Dominion Bank's earnings history.

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 28th. Shareholders of record on Friday, July 10th will be given a dividend of $0.567 per share on Friday, July 31st. This represents a $2.27 dividend on an annualized basis and a dividend yield of 5.30%. The ex-dividend date is Thursday, July 9th. View Toronto-Dominion Bank's dividend history.

What price target have analysts set for TD?

12 equities research analysts have issued 1-year price targets for Toronto-Dominion Bank's stock. Their forecasts range from $58.00 to $84.00. On average, they anticipate Toronto-Dominion Bank's share price to reach $73.42 in the next year. This suggests a possible upside of 71.5% from the stock's current price. View analysts' price targets for Toronto-Dominion Bank.

Has Toronto-Dominion Bank been receiving favorable news coverage?

Media stories about TD stock have trended negative this week, according to InfoTrie. The research group ranks the sentiment of news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Toronto-Dominion Bank earned a media sentiment score of -2.5 on InfoTrie's scale. They also gave headlines about the bank a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View the latest news aboutToronto-Dominion Bank.

Are investors shorting Toronto-Dominion Bank?

Toronto-Dominion Bank saw a decline in short interest in April. As of April 30th, there was short interest totaling 6,100,000 shares, a decline of 20.6% from the April 15th total of 7,680,000 shares. Based on an average daily trading volume, of 2,540,000 shares, the days-to-cover ratio is presently 2.4 days. Currently, 0.3% of the shares of the stock are sold short. View Toronto-Dominion Bank's Current Options Chain.

Who are some of Toronto-Dominion Bank's key competitors?

Some companies that are related to Toronto-Dominion Bank include Royal Bank of Canada (RY), HDFC Bank (HDB), Mitsubishi UFJ Financial Group (MUFG), BNP PARIBAS/S (BNPQY), Sumitomo Mitsui Financial Grp (SMFG), Westpac Banking (WBK), Banco Santander (SAN), ANZ (ANZBY), Bank of Montreal (BMO), Boc Hong Kong (BHKLY), HANG SENG BK LT/S (HSNGY), Canadian Imperial Bank of Commerce (CM), ICICI Bank (IBN), NORDEA Bk AB SW/S (NRDBY) and OVERSEA-CHINESE/ADR (OVCHY). View all competitors.

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), Rogers Communications (RCI), Wheaton Precious Metals (WPM) and Royal Bank of Canada (RY).

Who are Toronto-Dominion Bank's key executives?

Toronto-Dominion Bank's management team includes the following people:

Mr. Bharat B. Masrani, Group Pres, CEO & Director (Age 62)
Mr. Riaz E. Ahmed, Group Head & CFO
Mr. Robert E. Dorrance, Group Head of Wholesale Banking
Ms. Theresa L. Currie, Group Head of Canadian Personal Banking
Mr. Gregory B. Braca, Group Head of U.S. Banking

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 CIBC Asset Management Inc (1.27%), Mackenzie Financial Corp (1.19%), 1832 Asset Management L.P. (1.18%), 1832 Asset Management L.P. (1.11%), The Manufacturers Life Insurance Company (1.00%) and Capital Research Global Investors (0.94%).

Which major investors are selling Toronto-Dominion Bank stock?

TD stock was sold by a variety of institutional investors in the last quarter, including Toronto Dominion Bank, Acadian Asset Management LLC, Public Sector Pension Investment Board, Alberta Investment Management Corp, Connor Clark & Lunn Investment Management Ltd., Mackenzie Financial Corp, Alliancebernstein L.P., and Caisse DE Depot ET Placement DU Quebec.

Which major investors are buying Toronto-Dominion Bank stock?

TD stock was purchased by a variety of institutional investors in the last quarter, including 1832 Asset Management L.P., AGF Investments Inc., The Manufacturers Life Insurance Company , CIBC Asset Management Inc, Healthcare of Ontario Pension Plan Trust Fund, ING Groep NV, 1832 Asset Management L.P., and Schroder Investment Management Group.

How do I buy shares of Toronto-Dominion Bank?

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

What is Toronto-Dominion Bank's stock price today?

One share of TD stock can currently be purchased for approximately $42.80.

How big of a company is Toronto-Dominion Bank?

Toronto-Dominion Bank has a market capitalization of $77.14 billion and generates $44.50 billion in revenue each year. The bank earns $8.78 billion in net income (profit) each year or $5.03 on an earnings per share basis. Toronto-Dominion Bank employs 89,031 workers across the globe.

What is Toronto-Dominion Bank's official website?

The official website for Toronto-Dominion Bank is www.td.com.

How can I contact Toronto-Dominion Bank?

Toronto-Dominion Bank's mailing address is Toronto-Dominion Centre, TORONTO A6, M5K 1A2. The bank can be reached via phone at 416-308-6963 or via email at [email protected]

This page was last updated on 6/1/2020 by MarketBeat.com Staff