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

8 Wall Street 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 research analysts is that investors should "buy" TD shares.
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8 brokerages have issued 12-month price objectives for Toronto-Dominion Bank's shares. Their TD share price forecasts range from $93.00 to $113.00. On average, they predict the company's stock price to reach $101.00 in the next year. This suggests a possible upside of 46.3% 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 $64.76 on January 1st, 2023. Since then, TD shares have increased by 6.6% and is now trading at $69.05.
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Toronto-Dominion Bank saw a increase in short interest in the month of December. As of December 30th, there was short interest totaling 24,560,000 shares, an increase of 36.4% from the December 15th total of 18,010,000 shares. Based on an average daily trading volume, of 1,680,000 shares, the days-to-cover ratio is currently 14.6 days. Approximately 1.4% of the shares of the stock are short sold.
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 data on Thursday, December, 1st. The bank reported $1.64 earnings per share for the quarter, beating analysts' consensus estimates of $1.50 by $0.14. The bank had revenue of $11.69 billion for the quarter. Toronto-Dominion Bank had a trailing twelve-month return on equity of 15.91% and a net margin of 23.48%.

Toronto-Dominion Bank declared a quarterly dividend on Thursday, December 1st. Shareholders of record on Friday, January 6th will be given a dividend of $0.7081 per share on Tuesday, January 31st. This represents a $2.83 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date of this dividend is Thursday, January 5th. This is an increase 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 $2.83 per share and currently has a dividend yield of 4.09%. TD has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 38.66%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TD will have a dividend payout ratio of 39.69% 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 variety of institutional and retail investors. Top institutional shareholders include National Bank of Canada FI (1.47%), Sumitomo Mitsui Trust Holdings Inc. (0.26%), Bank of Montreal Can (0.00%), DekaBank Deutsche Girozentrale (0.15%), Montrusco Bolton Investments Inc. (0.10%) and Addenda Capital Inc. (0.09%).

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 $69.05.

Toronto-Dominion Bank (NYSE:TD) has a market capitalization of $125.80 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 94,945 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.