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NYSE:TD

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

$64.13

+0.28 (+0.44%)

(As of 08/11/2023 08:49 PM ET)

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Today's Range: $63.54
▼
$64.38
50-Day Range: $57.72
▼
$65.95
52-Week Range: $55.43
▼
$70.67

Volume: 1.33 million shs
Average Volume: 2.28 million shs
Market Capitalization: $117.74 billion

P/E Ratio: 10.76
Dividend Yield: 4.52%
Price Target: $101.83

Toronto-Dominion Bank MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.86 Rating Score
Upside/Downside: 58.8% Upside
$101.83 Price Target
Short Interest: Healthy
0.58% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.71
Based on 14 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 4.76%
From $6.09 to $6.38 Per Share

Overall MarketRank^™

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

2.70 out of 5 stars

Finance Sector

197th out of 865 stocks

Commercial Banks, Not Elsewhere Classified Industry

7th out of 29 stocks

3.4

Analyst's Opinion

Consensus Rating
Toronto-Dominion Bank has received a consensus rating of Moderate Buy. The company's average rating score is 2.86, and is based on 6 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $101.83, Toronto-Dominion Bank has a forecasted upside of 58.8% from its current price of $64.13.
Amount of Analyst Coverage
Toronto-Dominion Bank has only been the subject of 1 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
0.58% of the float of Toronto-Dominion Bank has been sold short.
Short Interest Ratio / Days to Cover
Toronto-Dominion Bank has a short interest ratio ("days to cover") of 5.
Change versus previous month
Short interest in Toronto-Dominion Bank has recently decreased by 66.06%, indicating that investor sentiment is improving significantly.

3.3

Dividend Strength

Dividend Leadership
Toronto-Dominion Bank is a leading dividend payer. It pays a dividend yield of 4.52%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Toronto-Dominion Bank has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Toronto-Dominion Bank is 48.66%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Toronto-Dominion Bank will have a dividend payout ratio of 45.45% next year. This indicates that Toronto-Dominion Bank will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for TD.

2.1

News and Social Media Coverage

News Sentiment
Toronto-Dominion Bank has a news sentiment score of 0.71. 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 news sentiment score is similar to the average news sentiment of Finance companies.
News Coverage This Week
MarketBeat has tracked 14 news articles for Toronto-Dominion Bank this week, compared to 7 articles on an average week.
Search Interest
Only 58 people have searched for TD on MarketBeat in the last 30 days. This is a decrease of -2% compared to the previous 30 days.
MarketBeat Follows
Only 7 people have added Toronto-Dominion Bank to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

0.8

Company Ownership

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 0.09% of the stock of Toronto-Dominion Bank is held by insiders.
Percentage Held by Institutions
44.92% 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.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Toronto-Dominion Bank are expected to grow by 4.76% in the coming year, from $6.09 to $6.38 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Toronto-Dominion Bank is 10.76, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.60.
Price to Earnings Ratio vs. Sector
The P/E ratio of Toronto-Dominion Bank is 10.76, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 85.12.
Price to Earnings Growth Ratio
Toronto-Dominion Bank has a PEG Ratio of 1.69. 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 1.50. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Toronto-Dominion Bank (NYSE:TD) Stock

The Toronto-Dominion Bank, also known as TD Bank, is a Canadian multinational bank that provides a wide range of financial services to customers in Canada, the United States, and worldwide. The bank was founded in 1855 in Toronto, Canada, and has since grown to become one of the largest banks in North America, with over 85,000 employees and more than 26 million customers. TD Bank is headquartered in Toronto, Canada, and has additional offices in New York City and other major cities throughout the United States.

TD Bank's key highlights and achievements include its status as the sixth-largest bank in North America by assets, its recognition as one of Canada's Best Managed Companies for 20 consecutive years, and its commitment to sustainability and corporate responsibility.

The management team at TD Bank is led by Chief Executive Officer Bharat Masrani, who has been with the company for over 30 years and has held various senior leadership positions before being appointed CEO in 2014.

Regarding financial performance, TD Bank has delivered consistent results over the past few years, with revenue and net income increasing yearly for the past several years. The bank's profit margins have also remained robust, with an average net profit margin of 25%. However, TD Bank has also faced challenges related to debt levels and changes in ownership, with a recent decrease in ownership by TD Ameritrade Holding Corporation. Regarding valuation, TD Bank's price-to-earnings and price-to-book ratios align with industry peers. The company's market performance has also been relatively stable, with modest price movements and steady trading volume over the past few years.

TD Bank operates in a highly competitive and regulated industry, with other major players, including the Bank of Montreal, Royal Bank of Canada, and Canadian Imperial Bank of Commerce. The broader banking industry is also subject to regulatory and political issues, such as changes in interest rates and financial regulations.

Despite these challenges, TD Bank has identified growth opportunities in new markets and product areas. These include launching new digital banking services and expanding the bank's presence in key markets such as the United States and Asia. TD Bank has also made several acquisitions in recent years, including the addition of Scottrade Bank in 2017 and the purchase of Chrysler Financial in 2011.

However, TD Bank also faces several risks and challenges, such as changes in consumer preferences and increased competition from fintech startups. The bank's focus on sustainability and corporate responsibility also presents risks related to environmental and social factors, such as climate change and social inequality. There are also recession risks involved. TD Bank could face challenges if there is a downturn in the economy.

TD Price History

30 days | 90 days | 365 days | Advanced Chart

TD Stock News Headlines

August 12, 2023 | msn.com

TD bank announces redemption of 3.589% medium term notes

August 11, 2023 | finance.yahoo.com

TD Bank Announces Redemption of 3.589% Medium Term Notes (Non-Viability Contingent Capital (NVCC)) (subordinated indebtedness)

August 14, 2023 | Chaikin Analytics (Ad)

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August 9, 2023 | msn.com

Is it Time to Buy Canadian Bank Stocks Again?

August 9, 2023 | msn.com

TD Bank Stock: Buy, Sell or Hold

August 8, 2023 | americanbankingnews.com

Research Analysts Offer Predictions for The Toronto-Dominion Bank's FY2023 Earnings (NYSE:TD)

August 4, 2023 | ca.finance.yahoo.com

Posthaste: Canada's tourism sector is starting to slow after rebound, TD says

August 4, 2023 | americanbankingnews.com

Desjardins Research Analysts Lower Earnings Estimates for The Toronto-Dominion Bank (NYSE:TD)

August 14, 2023 | Chaikin Analytics (Ad)

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August 4, 2023 | americanbankingnews.com

The Toronto-Dominion Bank (NYSE:TD) Receives Average Rating of "Moderate Buy" from Brokerages

August 1, 2023 | finance.yahoo.com

TD Asset Management Inc. Announces Capping of TD Short Term Investment Class

August 1, 2023 | seekingalpha.com

TD Bank: A Nice 4% Dividend Yield But Waiting On Better Earnings In Q3

August 1, 2023 | theglobeandmail.com

TD economist says interest rates hikes will collide with hiring fatigue next year

July 31, 2023 | msn.com

1 Dividend Superstar I’d Buy Over TD Bank Stock

July 28, 2023 | finance.yahoo.com

TD Asset Management Inc. Announces Changes to the TD One-Click Suite of Exchange-Traded Funds

July 25, 2023 | theglobeandmail.com

Toronto-Dominion Bank: Top 25 Undervalued S&P/TSX Composite Index Stocks (TD)

July 19, 2023 | bloomberg.com

First Horizon Deposits Top Estimates, Books Gain From TD Deal

July 19, 2023 | markets.businessinsider.com

Canaccord Genuity Keeps Their Buy Rating on Toronto Dominion Bank (TD)

July 19, 2023 | marketwatch.com

TD Bank Expects Lower Contribution from Charles Schwab Investment in 3Q

July 12, 2023 | finance.yahoo.com

A Majority of Homeowners Nationwide Felt Stress from their Most Recent Homebuying Experience, TD Bank Survey Finds

July 7, 2023 | finance.yahoo.com

Toronto-Dominion Bank (TD) Stock Moves -0.07%: What You Should Know

July 6, 2023 | finance.yahoo.com

TD Asset Management celebrates $10 billion AUM milestone in ETFs

July 5, 2023 | finance.yahoo.com

Little-Known Russia Wheat Exporter Takes Top Spot in a Year

July 4, 2023 | msn.com

Value Investors: Take These 2 Stocks to the Bank

June 29, 2023 | finance.yahoo.com

June 28, 2023 | seekingalpha.com

Big Banks Have Massive Exposure: TD Bank Has Several Major Issues

June 26, 2023 | ca.finance.yahoo.com

Better Buy: Royal Bank of Canada or TD Bank Stock?

See More Headlines

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TD Company Calendar

Last Earnings: 5/25/2023
Ex-Dividend for 7/31 Dividend: 7/07/2023
Dividend Payable: 7/31/2023
Today: 8/13/2023
Next Earnings (Confirmed): 8/24/2023
Fiscal Year End: 10/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Commercial banks, not elsewhere classified
Sub-Industry: N/A
Sector: Finance
Current Symbol: NYSE:TD
CUSIP: N/A
CIK: 947263
Web: www.td.com
Phone: (416) 308-6963
Fax: 416-982-6166
Employees: 94,945
Year Founded: 1855

Price Target and Rating

Average Stock Price Forecast: $101.83
High Stock Price Forecast: $106.00
Low Stock Price Forecast: $97.00
Forecasted Upside/Downside: +58.8%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.86
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): $5.96
Trailing P/E Ratio: 10.76
Forward P/E Ratio: 10.53
P/E Growth: 1.69
Net Income: $13.54 billion
Net Margins: 17.72%
Pretax Margin: 21.21%
Return on Equity: 15.51%
Return on Assets: 0.82%

Debt

Debt-to-Equity Ratio: 0.11
Current Ratio: 0.99
Quick Ratio: 0.99

Sales & Book Value

Annual Sales: $48.71 billion
Price / Sales: 2.42
Cash Flow: $7.36 per share
Price / Cash Flow: 8.71
Book Value: $42.87 per share
Price / Book: 1.50

Miscellaneous

Outstanding Shares: 1,835,890,000
Free Float: 1,834,240,000
Market Cap: $117.74 billion
Optionable: Optionable
Beta: 0.90

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Key Executives

Mr. Bharat B. Masrani (Age 66)
Group Pres, CEO & Director
Comp: $3.21M

Mr. Kelvin Vi Luan Tran
Group Head & CFO

Mr. Riaz E. Ahmed
Group Head of Wholesale Banking

Mr. Leovigildo Salom
Group Head U.S. Retail and Pres & CEO of America's Most Convenient Bank

Mr. Michael G. Rhodes (Age 57)
Group Head of Canadian Personal Banking
Comp: $2.47M

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

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

TD Stock - Frequently Asked Questions

Should I buy or sell Toronto-Dominion Bank stock right now?: 7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Toronto-Dominion Bank in the last year. There are currently 1 hold rating and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" TD shares.
View TD analyst ratings or view top-rated stocks.
What is Toronto-Dominion Bank's stock price forecast for 2023?: 7 analysts have issued 1 year price objectives for Toronto-Dominion Bank's shares. Their TD share price forecasts range from $97.00 to $106.00. On average, they predict the company's stock price to reach $101.83 in the next year. This suggests a possible upside of 58.8% 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 2023?: Toronto-Dominion Bank's stock was trading at $64.76 at the start of the year. Since then, TD stock has decreased by 1.0% and is now trading at $64.13.
View the best growth stocks for 2023 here.
Are investors shorting Toronto-Dominion Bank?: Toronto-Dominion Bank saw a decrease in short interest in July. As of July 31st, there was short interest totaling 10,680,000 shares, a decrease of 66.1% from the July 15th total of 31,470,000 shares. Based on an average trading volume of 2,150,000 shares, the short-interest ratio is currently 5.0 days. Approximately 0.6% of the shares of the company are short sold.
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 24th 2023.
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 24th 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) announced its quarterly earnings results on Thursday, May, 25th. The bank reported $1.43 earnings per share for the quarter, missing analysts' consensus estimates of $1.52 by $0.09. The bank earned $9.12 billion during the quarter, compared to analysts' expectations of $9.10 billion. Toronto-Dominion Bank had a trailing twelve-month return on equity of 15.51% and a net margin of 17.72%.
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 25th. Shareholders of record on Monday, July 10th will be paid a dividend of $0.709 per share on Monday, July 31st. This represents a $2.84 annualized dividend and a dividend yield of 4.42%. The ex-dividend date of this dividend is Friday, 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 $2.90 per share and currently has a dividend yield of 4.52%. TD has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 48.66%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TD will have a dividend payout ratio of 45.45% 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 many different retail and institutional investors. Top institutional shareholders include TD Asset Management Inc (2.02%), Bank of Nova Scotia (2.00%), National Bank of Canada FI (1.74%), Mackenzie Financial Corp (1.63%), JPMorgan Chase & Co. (0.95%) and The Manufacturers Life Insurance Company (0.78%).
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 $64.13.
How much money does Toronto-Dominion Bank make?: Toronto-Dominion Bank (NYSE:TD) has a market capitalization of $117.74 billion and generates $48.71 billion in revenue each year. The bank earns $13.54 billion in net income (profit) each year or $5.96 on an earnings per share basis.
How many employees does Toronto-Dominion Bank have?: The company employs 94,945 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
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 8/14/2023 by MarketBeat.com Staff

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