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NYSE:TD

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

$68.41
+0.01 (+0.01%)
(As of 08/18/2022 12:00 AM ET)
Add
Compare
Today's Range
$68.22
$68.68
50-Day Range
$59.68
$73.46
52-Week Range
$58.64
$86.01
Volume
1.44 million shs
Average Volume
2.30 million shs
Market Capitalization
$123.60 billion
P/E Ratio
10.66
Dividend Yield
4.05%
Price Target
$100.47

Toronto-Dominion Bank MarketRank™ Forecast

Analyst Rating
Hold
2.18 Rating Score
Upside/​Downside
46.3% Upside
$100.07 Price Target
Short Interest
Healthy
0.68% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.44mentions of Toronto-Dominion Bank in the last 14 days
Based on 13 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
8.61%
From $6.39 to $6.94 Per Share

Overall MarketRank

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

2.83 out of 5 stars

Finance Sector

145th out of 914 stocks

Commercial Banks, Not Elsewhere Classified Industry

8th out of 31 stocks

TD stock logo

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 three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The company offers personal deposits, such as chequing, 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.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on TD. Scotiabank lowered their price objective on shares of Toronto-Dominion Bank from C$105.00 to C$102.00 in a research report on Friday, May 20th. Stifel Nicolaus lowered their price target on shares of Toronto-Dominion Bank from C$97.00 to C$93.00 in a report on Wednesday, July 13th. CIBC cut their price objective on Toronto-Dominion Bank from C$100.00 to C$97.00 in a report on Tuesday. Credit Suisse Group upped their target price on Toronto-Dominion Bank from C$102.00 to C$103.00 in a report on Friday, May 27th. Finally, National Bank Financial lifted their price target on Toronto-Dominion Bank from C$100.00 to C$102.00 in a research note on Friday, May 27th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $100.35.

Toronto-Dominion Bank Price Performance

Toronto-Dominion Bank stock opened at $68.40 on Thursday. The stock's 50 day moving average is $65.40 and its 200 day moving average is $73.29. Toronto-Dominion Bank has a one year low of $58.64 and a one year high of $86.01. The firm has a market cap of $123.58 billion, a P/E ratio of 10.65, a P/E/G ratio of 1.35 and a beta of 0.95. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.95 and a quick ratio of 0.95.

Toronto-Dominion Bank (NYSE:TD - Get Rating) (TSE:TD) last issued its quarterly earnings results on Thursday, May 26th. The bank reported $1.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.47 by $0.13. Toronto-Dominion Bank had a net margin of 24.49% and a return on equity of 15.98%. The firm had revenue of $11.26 billion for the quarter, compared to the consensus estimate of $10.18 billion. During the same quarter in the previous year, the company earned $1.62 EPS. The company's revenue for the quarter was up 10.1% on a year-over-year basis. As a group, research analysts expect that Toronto-Dominion Bank will post 6.39 EPS for the current year.

Toronto-Dominion Bank Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, July 31st. Shareholders of record on Friday, July 8th were given a dividend of $0.692 per share. The ex-dividend date was Thursday, July 7th. This represents a $2.77 dividend on an annualized basis and a yield of 4.05%. Toronto-Dominion Bank's dividend payout ratio (DPR) is currently 43.15%.

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TD Stock News Headlines

Toronto-Dominion Bank (NYSE:TD) Sees Strong Trading Volume
TD Bank Nears Deal to Buy Cowen
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TD Company Calendar

Last Earnings
5/26/2022
Ex-Dividend for 7/31 Dividend
7/07/2022
Dividend Payable
7/31/2022
Today
8/18/2022
Next Earnings (Confirmed)
8/25/2022
Fiscal Year End
10/31/2022

Industry, Sector and Symbol

Industry
Commercial banks, not elsewhere classified
Sub-Industry
N/A
Sector
Finance
Employees
89,464
Year Founded
1855

Price Target and Rating

Average Stock Price Forecast
$100.07
High Stock Price Forecast
$113.00
Low Stock Price Forecast
$89.00
Forecasted Upside/Downside
+46.9%
Consensus Rating
Hold
Rating Score (0-4)
2.18
Research Coverage
11 Analysts

Profitability

Net Income
$11.37 billion
Pretax Margin
29.41%

Debt

Sales & Book Value

Annual Sales
$38.29 billion
Cash Flow
$7.23 per share
Book Value
$41.04 per share

Miscellaneous

Outstanding Shares
1,806,765,000
Free Float
N/A
Market Cap
$123.60 billion
Optionable
Optionable
Beta
0.95

Social Links


Key Executives

  • Mr. Bharat B. MasraniMr. Bharat B. Masrani (Age 65)
    Group Pres, CEO & Director
    Comp: $3.03M
  • Mr. Kelvin Vi Luan TranMr. 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: $1.89M
  • 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













TD Stock - Frequently Asked Questions

Should I buy or sell Toronto-Dominion Bank stock right now?

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Toronto-Dominion Bank in the last twelve months. There are currently 1 sell rating, 7 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research 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 2022?

11 Wall Street analysts have issued 1-year price objectives for Toronto-Dominion Bank's stock. Their TD share price forecasts range from $89.00 to $113.00. On average, they anticipate the company's share price to reach $100.16 in the next twelve months. This suggests a possible upside of 46.4% 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 shares have decreased by 10.8% and is now trading at $68.40.
View the best growth stocks for 2022 here
.

Are investors shorting Toronto-Dominion Bank?

Toronto-Dominion Bank saw a drop in short interest in July. As of July 31st, there was short interest totaling 12,320,000 shares, a drop of 72.8% from the July 15th total of 45,330,000 shares. Based on an average daily trading volume, of 2,250,000 shares, the days-to-cover ratio is currently 5.5 days. Currently, 0.7% of the shares of the company are sold short.
View Toronto-Dominion Bank's Short Interest
.

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

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 25th 2022.
View our TD earnings forecast
.

How can I listen to Toronto-Dominion Bank's earnings call?

Toronto-Dominion Bank will be holding an earnings conference call on Thursday, August 25th at 1:30 PM Eastern. Interested parties can register for or listen to the call using this link.

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

The Toronto-Dominion Bank (NYSE:TD) released its quarterly earnings data on Thursday, May, 26th. The bank reported $1.60 earnings per share for the quarter, beating analysts' consensus estimates of $1.47 by $0.13. The bank had revenue of $11.26 billion for the quarter, compared to analysts' expectations of $10.18 billion. Toronto-Dominion Bank had a net margin of 24.49% and a trailing twelve-month return on equity of 15.98%. The business's revenue was up 10.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.62 earnings per share.

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

Toronto-Dominion Bank announced a quarterly dividend on Thursday, May 26th. Shareholders of record on Friday, July 8th will be given a dividend of $0.692 per share on Sunday, July 31st. This represents a $2.77 annualized dividend and a dividend yield of 4.05%. The ex-dividend date is Thursday, July 7th.
Read our dividend analysis for TD
.

Is Toronto-Dominion Bank a good dividend stock?

Toronto-Dominion Bank (NYSE:TD) pays an annual dividend of $2.77 per share and currently has a dividend yield of 4.02%. TD has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 43.15%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TD will have a dividend payout ratio of 39.91% 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 number of retail and institutional investors. Top institutional investors include TD Asset Management Inc. (2.01%), Mackenzie Financial Corp (1.60%), FMR LLC (1.37%), Connor Clark & Lunn Investment Management Ltd. (0.76%), JPMorgan Chase & Co. (0.58%) and Scotia Capital Inc. (0.54%).

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 $68.40.

How much money does Toronto-Dominion Bank make?

Toronto-Dominion Bank (NYSE:TD) has a market capitalization of $123.58 billion and generates $38.29 billion in revenue each year. The bank earns $11.37 billion in net income (profit) each year or $6.42 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..
Read More
When was Toronto-Dominion Bank founded?

Toronto-Dominion Bank was founded in 1855.

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 8/18/2022 by MarketBeat.com Staff

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