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

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Toronto-Dominion Bank in the last year. There are currently 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TD shares.
View TD analyst ratings or view top-rated stocks.

8 Wall Street analysts have issued 12-month price targets 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 stock price to reach $101.00 in the next twelve months. This suggests a possible upside of 52.6% 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 beginning of 2022. Since then, TD shares have decreased by 13.7% and is now trading at $66.20.
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Toronto-Dominion Bank saw a decrease in short interest in 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 daily trading volume, of 1,770,000 shares, the days-to-cover ratio is currently 9.1 days. Currently, 0.9% of the company's stock are sold short.
View Toronto-Dominion Bank's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, March 2nd 2023.
View our TD earnings forecast.

The Toronto-Dominion Bank (NYSE:TD) announced its quarterly earnings results on Thursday, December, 2nd. The bank reported $1.63 earnings per share (EPS) 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 trailing twelve-month return on equity of 15.91% and a net margin of 23.48%. Toronto-Dominion Bank's quarterly revenue was down 7.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.21 earnings per share.

Toronto-Dominion Bank announced a quarterly dividend on Thursday, December 1st. Shareholders of record on Friday, January 6th will be paid a dividend of $0.7081 per share on Tuesday, January 31st. This represents a $2.83 annualized dividend and a yield of 4.28%. The ex-dividend date of this dividend is Thursday, January 5th. This is a positive change from the stock's previous quarterly dividend of $0.70.
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 3.93%. The dividend payout ratio is 35.11%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TD will have a dividend payout ratio of 35.94% 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 number of institutional and retail 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 $66.20.

Toronto-Dominion Bank (NYSE:TD) has a market capitalization of $120.59 billion and generates $48.71 billion in revenue each year. The bank earns $13.54 billion in net income (profit) each year or $7.32 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.