Toronto-Dominion Bank (TD) Stock Price, News & Analysis

Company Overview

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, 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 Toronto-Dominion Bank was founded in 1855 and is headquartered in Toronto, Canada.

Key Stats

• Today's Range: C$78.77 to C$79.67
• 50-Day Range: C$76.54 to C$87.55
• 52-Week Range: C$73.67 to C$87.99
• Volume: 8.65 million shs
• Average Volume: 7.49 million shs
• Market Capitalization: C$137.90 billion
• P/E Ratio: 18.24
• Dividend Yield: 5.18%
• Price Target: C$86.65
• Consensus Rating: Moderate Buy

Toronto-Dominion Bank Stock Analysis - MarketRank™

Toronto-Dominion Bank scored higher than 34% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Toronto-Dominion Bank has received a consensus rating of Moderate Buy. The company's average rating score is 2.62, and is based on 6 buy ratings, 6 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Toronto-Dominion Bank has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Toronto-Dominion Bank is 18.24, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 110.60.

Price to Earnings Ratio vs. Sector

The P/E ratio of Toronto-Dominion Bank is 18.24, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 417.46.

Price to Earnings Growth Ratio

Toronto-Dominion Bank has a PEG Ratio of 1.22. 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 1.29. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for TD.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

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 does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Toronto-Dominion Bank is 94.44%. Payout ratios above 75% are not desirable because they may not be sustainable.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for TD.

News and Social Media

• Score: 1.8 / 5
• News Sentiment: 0.20

News Sentiment

Toronto-Dominion Bank has a news sentiment score of 0.20. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.68 average news sentiment score of Financial Services companies.

News Coverage This Week

MarketBeat has tracked 8 news articles for Toronto-Dominion Bank this week, compared to 6 articles on an average week.

Search Interest

Only 43 people have searched for TD on MarketBeat in the last 30 days. This is a decrease of -9% compared to the previous 30 days.

MarketBeat Follows

Only 13 people have added Toronto-Dominion Bank to their MarketBeat watchlist in the last 30 days. This is a decrease of -32% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

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 Insiders

Only 0.08% of the stock of Toronto-Dominion Bank is held by insiders.

Percentage Held by Institutions

58.05% 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.

TD Stock Analysis - Frequently Asked Questions

How have TD shares performed this year?

Toronto-Dominion Bank's stock was trading at C$85.62 at the beginning of the year. Since then, TD shares have decreased by 8.0% and is now trading at C$78.80.
View the best growth stocks for 2024 here.

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

The Toronto-Dominion Bank (TSE:TD) announced its earnings results on Thursday, August, 22nd. The company reported $2.05 earnings per share for the quarter, missing the consensus estimate of $2.07 by $0.02. The business had revenue of $14.18 billion for the quarter, compared to analyst estimates of $14.12 billion. Toronto-Dominion Bank had a net margin of 15.72% and a trailing twelve-month return on equity of 7.33%.

How do I buy shares of Toronto-Dominion Bank?

Shares of TD stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

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

Based on aggregate information from My MarketBeat watchlists, some other companies that Toronto-Dominion Bank investors own include Intact Financial (IFC), Constellation Software (CSU), AutoCanada (ACQ), Alimentation Couche-Tard (ATD.B), AbbVie (ABBV), Wheaton Precious Metals (WPM) and Vermilion Energy (VET).

Company Calendar

• Last Earnings: 8/22/2024
• Ex-Dividend for 10/31 Dividend: 10/10/2024
• Dividend Payable: 10/31/2024
• Today: 11/17/2024
• Next Earnings (Estimated): 12/05/2024

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Financial Services
• Industry: Banks - Diversified
• Sub-Industry: Banking
• Current Symbol: TSE:TD
• CUSIP: N/A
• CIK: N/A
• Web: www.td.com
• Phone: +1-416-9446367
• Fax: N/A
• Employees: 93,700
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$86.65
• High Stock Price Target: C$96.00
• Low Stock Price Target: C$78.00
• Potential Upside/Downside: +10.0%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.62
• Research Coverage: 13 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$4.32
• Trailing P/E Ratio: 18.24
• Forward P/E Ratio: 10.92
• P/E Growth: 1.22
• Net Income: C$7.69 billion
• Net Margins: 15.72%
• Pretax Margin: N/A
• Return on Equity: 7.33%
• Return on Assets: 0.43%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: N/A
• Quick Ratio: N/A

Sales & Book Value

• Annual Sales: C$52.31 billion
• Price / Sales: 2.64
• Cash Flow: C$272.95 per share
• Price / Cash Flow: 0.29
• Book Value: C$60.85 per share
• Price / Book: 1.29

Miscellaneous

• Outstanding Shares: 1,750,000,000
• Free Float: N/A
• Market Cap: C$137.90 billion
• Optionable: Not Optionable
• Beta: 0.82