NYSE:TD

The Toronto-Dominion Bank Stock Forecast, Price & News

$59.26

-0.55 (-0.92 %)

(As of 01/15/2021 12:00 AM ET)

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Today's Range

$58.83

Now: $59.26▼

$59.37

50-Day Range

$53.73

MA: $56.41▼

$59.81

52-Week Range

$33.74

Now: $59.26▼

$59.97

Volume1.99 million shs

Average Volume2.19 million shs

Market Capitalization$107.63 billion

P/E Ratio15.35

Dividend Yield4.15%

Beta0.93

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 chequing, 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; point-of-sale payment solutions for large and small businesses; wealth and asset management products, and advice 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; advice on strategic acquisitions and divestitures; and trading, funding, and investment services to companies, governments, and institutions. It offers its products and services under the TD Bank, America's Most Convenient Bank, and TD Ameritrade brand names. The company operates through a network of 1,085 branches, 3,440 automated teller machines, and 1,223 stores, as well as offers telephone, digital, and mobile banking services. The Toronto-Dominion Bank was founded in 1855 and is headquartered in Toronto, Canada.

MarketRank^™

Overall MarketRank^™

2.46 out of 5 stars

Finance Sector

38th out of 1,705 stocks

Commercial Banks, Not Elsewhere Classified Industry

1st out of 71 stocks

2.9 Analyst's Opinion

Consensus Rating
The Toronto-Dominion Bank has received a consensus rating of Hold. The company's average rating score is 1.82, and is based on 2 buy ratings, 5 hold ratings, and 4 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $70.50, The Toronto-Dominion Bank has a forecasted upside of 19.0% from its current price of $59.26.
Amount of Analyst Coverage
The Toronto-Dominion Bank has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.1 Community Rank

Outperform Votes
The Toronto-Dominion Bank has received 494 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
The Toronto-Dominion Bank has received 700 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
The Toronto-Dominion Bank has received 58.63% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about The 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
The Toronto-Dominion Bank is a leading dividend payer. It pays a dividend yield of 4.15%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
The Toronto-Dominion Bank has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of The Toronto-Dominion Bank is 49.30%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, The Toronto-Dominion Bank will have a dividend payout ratio of 57.14% next year. This indicates that The Toronto-Dominion Bank will be able to sustain or increase its dividend.

0.8 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, The Toronto-Dominion Bank insiders have not sold or bought any company stock.
Percentage Held by Institutions
47.67% of the stock of The Toronto-Dominion Bank is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1 Earnings and Valuation

Earnings Growth
Earnings for The Toronto-Dominion Bank are expected to grow by 16.04% in the coming year, from $3.74 to $4.34 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of The Toronto-Dominion Bank is 15.35, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 23.49.
Price to Earnings Ratio vs. Sector
The P/E ratio of The Toronto-Dominion Bank is 15.35, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 19.47.
Price to Earnings Growth Ratio
The Toronto-Dominion Bank has a PEG Ratio of 1.72. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
The Toronto-Dominion Bank has a P/B Ratio of 1.74. 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

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

Employees60,000

Debt

Debt-to-Equity Ratio0.14

Current Ratio0.97

Quick Ratio0.97

Price-To-Earnings

Trailing P/E Ratio15.35

Forward P/E Ratio15.84

P/E Growth1.72

Sales & Book Value

Annual Sales$44.50 billion

Price / Sales2.42

Cash Flow$7.59 per share

Price / Cash Flow7.81

Book Value$34.01 per share

Price / Book1.74

Profitability

EPS (Most Recent Fiscal Year)$5.03

Net Income$8.78 billion

Net Margins17.44%

Return on Equity11.84%

Return on Assets0.64%

Miscellaneous

Outstanding Shares1,816,177,000

Market Cap$107.63 billion

Next Earnings Date2/25/2021 (Estimated)

OptionableOptionable

$59.26

-0.55 (-0.92 %)

(As of 01/15/2021 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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

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

The Toronto-Dominion Bank's stock was trading at $42.12 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, TD stock has increased by 40.7% and is now trading at $59.26.
View which stocks have been most impacted by COVID-19.

Is The Toronto-Dominion Bank a buy right now?

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for The Toronto-Dominion Bank in the last twelve months. There are currently 4 sell ratings, 5 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" The Toronto-Dominion Bank stock. 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 analyst ratings for The Toronto-Dominion Bank or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than The Toronto-Dominion Bank?

Wall Street analysts have given The Toronto-Dominion Bank a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but The Toronto-Dominion Bank wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

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

The Toronto-Dominion Bank is scheduled to release its next quarterly earnings announcement on Thursday, February 25th 2021.
View our earnings forecast for The Toronto-Dominion Bank.

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

The Toronto-Dominion Bank (NYSE:TD) released its earnings results on Wednesday, December, 2nd. The bank reported $1.60 EPS for the quarter, beating analysts' consensus estimates of $0.94 by $0.66. The bank earned $11.84 billion during the quarter, compared to analyst estimates of $9.48 billion. The Toronto-Dominion Bank had a return on equity of 11.84% and a net margin of 17.44%. The company's revenue was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.59 EPS.
View The Toronto-Dominion Bank's earnings history.

How often does The Toronto-Dominion Bank pay dividends? What is the dividend yield for The Toronto-Dominion Bank?

The Toronto-Dominion Bank announced a quarterly dividend on Friday, December 4th. Shareholders of record on Friday, January 8th will be paid a dividend of $0.6114 per share on Sunday, January 31st. This represents a $2.45 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date is Thursday, January 7th. This is an increase from The Toronto-Dominion Bank's previous quarterly dividend of $0.59.
View The Toronto-Dominion Bank's dividend history.

Is The Toronto-Dominion Bank a good dividend stock?

The Toronto-Dominion Bank pays an annual dividend of $2.48 per share and currently has a dividend yield of 4.15%. TD has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The Toronto-Dominion Bank does not yet have a strock track record of dividend growth. The dividend payout ratio of The Toronto-Dominion Bank is 49.30%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, The Toronto-Dominion Bank will have a dividend payout ratio of 57.14% next year. This indicates that The Toronto-Dominion Bank will be able to sustain or increase its dividend.
View The Toronto-Dominion Bank's dividend history.

What price target have analysts set for TD?

11 brokers have issued 1-year target prices for The Toronto-Dominion Bank's shares. Their forecasts range from $58.00 to $84.00. On average, they anticipate The Toronto-Dominion Bank's share price to reach $70.50 in the next twelve months. This suggests a possible upside of 19.0% from the stock's current price.
View analysts' price targets for The Toronto-Dominion Bank or view Wall Street analyst' top-rated stocks.

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

Some companies that are related to The Toronto-Dominion Bank include HDFC Bank (HDB), Royal Bank of Canada (RY), Commonwealth Bank of Australia (CMWAY), BNP Paribas (BNPQY), Mitsubishi UFJ Financial Group (MUFG), Banco Santander (SAN), Westpac Banking (WBK), ICICI Bank (IBN), Bank of Montreal (BMO), Sumitomo Mitsui Financial Group (SMFG), Canadian Imperial Bank of Commerce (CM), ING Groep (ING), Hang Seng Bank (HSNGY), Crédit Agricole (CRARY) and Barclays (BCS).
View all of TD's competitors.

What other stocks do shareholders of The Toronto-Dominion Bank own?

Based on aggregate information from My MarketBeat watchlists, some companies that other The Toronto-Dominion Bank investors own include Intact Financial Co. (IFC.TO) (IFC), Constellation Software Inc. (CSU.TO) (CSU), AutoCanada Inc. (ACQ.TO) (ACQ), Alimentation Couche-Tard (ATD.B), AbbVie (ABBV), Vermilion Energy Inc. (VET.TO) (VET), AT&T (T), Pfizer (PFE), Royal Bank of Canada (RY) and Rogers Communications (RCI).

Who are The Toronto-Dominion Bank's key executives?

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

Mr. Bharat B. Masrani, Group Pres, CEO & Director (Age 64)
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. Retail Banking
Valerie Gillis, Chief Accountant & Sr. VP of Fin.
Mr. Michael G. Rhodes, Group Head of Innovation, Technology & Shared Services (Age 55)
Mr. Jeffrey J. Henderson, Chief Information Officer & Exec. VP
Ms. Gillian Manning, VP & Head of IR
Ms. Norie C. Campbell, Group Head & Gen. Counsel

What is The Toronto-Dominion Bank's stock symbol?

The Toronto-Dominion Bank trades on the New York Stock Exchange (NYSE) under the ticker symbol "TD."

Who are The Toronto-Dominion Bank's major shareholders?

The Toronto-Dominion Bank's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Cardinal Capital Management Inc. (0.11%), Nexus Investment Management ULC (0.04%), Crossmark Global Holdings Inc. (0.02%), Davis Rea LTD. (0.01%), LVM Capital Management Ltd. MI (0.01%) and Insight Folios Inc (0.00%).

Which major investors are selling The Toronto-Dominion Bank stock?

TD stock was sold by a variety of institutional investors in the last quarter, including LVM Capital Management Ltd. MI, Nexus Investment Management ULC, Crossmark Global Holdings Inc., M&R Capital Management Inc., and Baldwin Brothers Inc. MA.

Which major investors are buying The Toronto-Dominion Bank stock?

TD stock was acquired by a variety of institutional investors in the last quarter, including Cox Capital Mgt LLC, Cardinal Capital Management Inc., Insight Folios Inc, Integer Wealth Advisors Group LLC, Patriot Financial Group Insurance Agency LLC, Huntington National Bank, OneAscent Financial Services LLC, and Davis Rea LTD..

How do I buy shares of The 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

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

One share of TD stock can currently be purchased for approximately $59.26.

How big of a company is The Toronto-Dominion Bank?

The Toronto-Dominion Bank has a market capitalization of $107.63 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. The Toronto-Dominion Bank employs 60,000 workers across the globe.

What is The Toronto-Dominion Bank's official website?

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

How can I contact The Toronto-Dominion Bank?

The 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 1/16/2021 by MarketBeat.com Staff

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