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

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Toronto-Dominion Bank in the last twelve months. There are currently 4 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street 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 target for 2024?

12 brokers have issued twelve-month target prices for Toronto-Dominion Bank's shares. Their TD share price targets range from C$82.00 to C$99.25. On average, they anticipate the company's stock price to reach C$91.02 in the next twelve months. This suggests a possible upside of 16.3% 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 2024?

Toronto-Dominion Bank's stock was trading at C$85.62 at the start of the year. Since then, TD shares have decreased by 8.6% and is now trading at C$78.28. View the best growth stocks for 2024 here .

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

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 23rd 2024. View our TD earnings forecast .

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

The Toronto-Dominion Bank (TSE:TD) released its quarterly earnings data on Thursday, February, 29th. The company reported $2.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.93 by $0.07. The firm had revenue of $13.71 billion for the quarter, compared to analyst estimates of $12.63 billion. Toronto-Dominion Bank had a net margin of 23.86% and a trailing twelve-month return on equity of 10.72%.

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 Monday, April 8th. Shareholders of record on Tuesday, April 30th will be given a dividend of 1.02 per share on Tuesday, April 30th. This represents a $4.08 annualized dividend and a dividend yield of 5.21%. The ex-dividend date of this dividend is Monday, April 8th. Read our dividend analysis for TD .

Is Toronto-Dominion Bank a good dividend stock?

Toronto-Dominion Bank (TSE:TD) pays an annual dividend of C$4.08 per share and currently has a dividend yield of 5.21%. TD has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 64.45%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for TD .

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) , Wheaton Precious Metals (WPM) , Open Text (OTEX) , Rogers Communications (RCI) and Valeant Pharmaceuticals International (VRX) .

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 .

TSE:TD

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

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Free TD Stock Alerts

C$78.28

+0.71 (+0.92%)

(As of 04/17/2024 ET)

Compare

Today's Range: C$77.74
▼
C$78.72
50-Day Range: C$77.57
▼
C$82.27
52-Week Range: C$75.89
▼
C$87.10

Volume: 8.77 million shs
Average Volume: 7.62 million shs
Market Capitalization: C$138.56 billion

P/E Ratio: 12.37
Dividend Yield: 5.21%
Price Target: C$90.55

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

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Toronto-Dominion Bank MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.58 Rating Score
Upside/Downside: 16.3% Upside
C$91.02 Price Target
Short Interest: N/A
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.47
Based on 9 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.55 out of 5 stars

3.3

Analyst's Opinion

Consensus Rating
Toronto-Dominion Bank has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 8 buy ratings, 4 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.

N/A

Short Interest

Short Interest
There is no current short interest data available for TD.

2.5

Dividend Strength

Dividend Leadership
Toronto-Dominion Bank is a leading dividend payer. It pays a dividend yield of 5.21%, 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 64.45%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

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

1.9

News and Social Media Coverage

News Sentiment
Toronto-Dominion Bank has a news sentiment score of 0.47. 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 Financial Services companies.
News Coverage This Week
MarketBeat has tracked 9 news articles for Toronto-Dominion Bank this week, compared to 4 articles on an average week.
Search Interest
Only 38 people have searched for TD on MarketBeat in the last 30 days. This is a decrease of -22% compared to the previous 30 days.
MarketBeat Follows
Only 8 people have added Toronto-Dominion Bank to their MarketBeat watchlist in the last 30 days. This is a decrease of -38% 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 0.11% of the stock of Toronto-Dominion Bank is held by insiders.
Percentage Held by Institutions
58.76% 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.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Toronto-Dominion Bank is 12.37, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.23.
Price to Earnings Ratio vs. Sector
The P/E ratio of Toronto-Dominion Bank is 12.37, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 453.53.
Price to Earnings Growth Ratio
Toronto-Dominion Bank has a PEG Ratio of 1.08. 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.

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About Toronto-Dominion Bank Stock (TSE:TD)

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.

TD Stock Price History

30 days | 90 days | 365 days | Advanced Chart

TD Stock News Headlines

April 18, 2024 | americanbankingnews.com

Toronto-Dominion Bank (TSE:TD) Upgraded by Scotiabank to Outperform

April 16, 2024 | markets.businessinsider.com

Buy Rating for Toronto Dominion Bank Supported by Strong Fundamentals and Schwab Equity Interest Performance

April 18, 2024 | Paradigm Press (Ad)

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Recently, Bitcoin smashed through its previous record high to hit $72,720. It’s made many, many people very rich. But one cryptocurrency expert and investing millionaire is declaring…

April 16, 2024 | theglobeandmail.com

TD Bank names new head of U.S. consumer banking

April 16, 2024 | marketwatch.com

TD's Schwab Investment to Contribute C$194M in Bank's 2Q

April 16, 2024 | finance.yahoo.com

TD Bank Group Comments on Expected Impact of the Charles Schwab Corporation's First Quarter Earnings

April 15, 2024 | msn.com

Should You Buy TD Stock for Its 5.2% Dividend Yield?

April 15, 2024 | msn.com

Best Stock to Buy Now: Is TD Bank Stock a Buy?

April 18, 2024 | Paradigm Press (Ad)

Could Bitcoin Literally FORCE This Crypto To Rocket Up?

Recently, Bitcoin smashed through its previous record high to hit $72,720. It’s made many, many people very rich. But one cryptocurrency expert and investing millionaire is declaring…

April 11, 2024 | finance.yahoo.com

TD Asset Management Inc. Announces the Termination of six TD ETFs

April 10, 2024 | msn.com

3 High-Yield Bank Stocks to Buy at a Discount

April 9, 2024 | finance.yahoo.com

TD Asset Management Inc. Launches Canadian and U.S. Target Maturity Bond ETFs

April 3, 2024 | markets.businessinsider.com

TD Bank Group To Add Google Cloud Services To Its Portfolio Of Data-driven Technology Solutions

April 3, 2024 | finance.yahoo.com

TD and Google Cloud Enter into a Strategic Relationship to Power Innovative Banking Experiences

April 2, 2024 | finance.yahoo.com

TD Bank Group to Issue NVCC Subordinated Debentures

April 2, 2024 | fool.ca

2 Canadian Bank Stocks Betting Big on AI Technology

March 29, 2024 | seekingalpha.com

TD Bank: Now Is A Good Time To Buy This 5%-Yielding Blue-Chip Deal

March 27, 2024 | msn.com

Stolen cheques, the disappearance of $32K and its mysterious return for one TD customer

March 26, 2024 | msn.com

Ethiopia's CBE bank recovers $10m taken during technical glitch

March 26, 2024 | finance.yahoo.com

TD Bank Unveils TD Complete Checking and TD Early Pay, Simplifying Customers' Banking Experiences

March 21, 2024 | msn.com

HDFC Bank, TD Bank deal to help Indians with Canada study visa process

March 20, 2024 | markets.businessinsider.com

HDFC Bank To Refer Indian Students Planning To Study In Canada To TD's Student GIC Program

March 20, 2024 | theglobeandmail.com

TD signs agreement with India’s biggest private bank to win business from international students

March 20, 2024 | finance.yahoo.com

HDFC Bank and TD Bank Group sign an agreement to simplify banking experience for Indian students in Canada

March 14, 2024 | finance.yahoo.com

TD outlines continued progress on sustainability goals in 2023 Sustainability Reporting Suite

March 13, 2024 | financialpost.com

TD Bank CEO takes pay cut over anti-money-laundering probe

March 13, 2024 | stockhouse.com

Nearly 75 Percent of First-time Homebuyers are Optimistic about the Current Housing Market, TD Bank Survey Finds

See More Headlines

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Company Calendar

Ex-Dividend for 1/31 Dividend: 1/09/2024
Dividend Payable: 1/31/2024
Last Earnings: 2/29/2024
Ex-Dividend for 4/30 Dividend: 4/08/2024
Today: 4/18/2024
Dividend Payable: 4/30/2024
Next Earnings (Estimated): 5/23/2024

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Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Financial Services
Industry: Banks - Diversified
Sub-Industry: N/A
Current Symbol: TSE:TD
CUSIP: N/A
CIK: N/A
Web: www.td.com
Phone: +1-416-9446367
Fax: N/A
Employees: 103,179
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$91.02
High Stock Price Target: C$99.25
Low Stock Price Target: C$82.00
Potential Upside/Downside: +15.7%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.58
Research Coverage: 12 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$6.33
Trailing P/E Ratio: 12.37
Forward P/E Ratio: 9.95
P/E Growth: 1.08
Net Income: C$11.47 billion
Net Margins: 23.86%
Pretax Margin: N/A
Return on Equity: 10.72%
Return on Assets: 0.63%

Debt

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

Sales & Book Value

Annual Sales: C$50.40 billion
Price / Sales: 2.75
Cash Flow: C$271.15 per share
Price / Cash Flow: 0.29
Book Value: C$60.53 per share
Price / Book: 1.29

Miscellaneous

Outstanding Shares: 1,770,000,000
Free Float: N/A
Market Cap: C$138.56 billion
Optionable: Not Optionable
Beta: 0.83

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Key Executives

Mr. Bharat B. Masrani (Age 67)
Group President, CEO & Director
Comp: $3.17M
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 President & CEO of America's Most Convenient Bank
Salma Salman
Chief Accountant & Senior VP of Finance
Mr. Greg Keeley
Senior Executive Vice President of Technology & Platforms
Ms. Judy Dinn
Chief Information Officer
Ms. Brooke Hales
Head of Investor Relations
Ms. Jane A. Langford
Executive VP & General Counsel
Ms. Renu Gupta
Senior Vice President of Corporate Development, Strategy & Funding

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

Should I Buy Toronto-Dominion Bank Stock? TD Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in The Toronto-Dominion Bank:

The Toronto-Dominion Bank has consistently shown strong financial performance, with a solid net margin of 23.86% and a return on equity of 10.72%, indicating efficient use of shareholder funds.
TD's diverse range of financial products and services, including personal and commercial banking, wealth management, insurance, and investment banking, provides a stable revenue stream across various sectors.
Recent quarterly earnings report showed a positive surprise with earnings per share (EPS) of C$2.00, beating analysts' estimates by C$0.07, reflecting strong operational performance.
TD's stock price has shown resilience, with a 52-week high of C$87.10, indicating investor confidence in the bank's growth prospects and stability.
The company's market cap of C$143.44 billion and consistent revenue growth demonstrate its position as a key player in the banking industry, offering long-term investment potential.

Cons

Investors should be bearish about investing in The Toronto-Dominion Bank for these reasons:

Some analysts have downgraded TD's rating and reduced price targets, indicating potential concerns about future performance or external market factors affecting the bank's stock value.
Despite positive earnings, there may be risks associated with economic downturns or regulatory changes that could impact TD's profitability and stock performance.
Competition in the banking sector is intense, with other major players vying for market share, potentially leading to margin pressures for TD in the future.
TD's P/E ratio of 12.80 and beta of 0.84 suggest moderate valuation and market risk, which investors should consider in their investment decisions.
Recent price target adjustments by various analysts may indicate uncertainty in the market regarding TD's future growth trajectory, warranting caution for potential investors.

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, April 9, 2024. Please send any questions or comments about these Toronto-Dominion Bank pros and cons to contact@marketbeat.com.

TD Stock Analysis - Frequently Asked Questions

Should I buy or sell Toronto-Dominion Bank stock right now?: 12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Toronto-Dominion Bank in the last twelve months. There are currently 4 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street 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 target for 2024?: 12 brokers have issued twelve-month target prices for Toronto-Dominion Bank's shares. Their TD share price targets range from C$82.00 to C$99.25. On average, they anticipate the company's stock price to reach C$91.02 in the next twelve months. This suggests a possible upside of 16.3% 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 2024?: Toronto-Dominion Bank's stock was trading at C$85.62 at the start of the year. Since then, TD shares have decreased by 8.6% and is now trading at C$78.28.
View the best growth stocks for 2024 here.
When is Toronto-Dominion Bank's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, May 23rd 2024.
View our TD earnings forecast.
How were Toronto-Dominion Bank's earnings last quarter?: The Toronto-Dominion Bank (TSE:TD) released its quarterly earnings data on Thursday, February, 29th. The company reported $2.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.93 by $0.07. The firm had revenue of $13.71 billion for the quarter, compared to analyst estimates of $12.63 billion. Toronto-Dominion Bank had a net margin of 23.86% and a trailing twelve-month return on equity of 10.72%.

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 Monday, April 8th. Shareholders of record on Tuesday, April 30th will be given a dividend of 1.02 per share on Tuesday, April 30th. This represents a $4.08 annualized dividend and a dividend yield of 5.21%. The ex-dividend date of this dividend is Monday, April 8th.
Read our dividend analysis for TD.
Is Toronto-Dominion Bank a good dividend stock?: Toronto-Dominion Bank (TSE:TD) pays an annual dividend of C$4.08 per share and currently has a dividend yield of 5.21%. TD has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 64.45%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for TD.
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), Wheaton Precious Metals (WPM), Open Text (OTEX), Rogers Communications (RCI) and Valeant Pharmaceuticals International (VRX).
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.

This page (TSE:TD) was last updated on 4/18/2024 by MarketBeat.com Staff

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

Toronto-Dominion Bank MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Toronto-Dominion Bank Stock (TSE:TD)

TD Stock Price History

TD Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

Should I Buy Toronto-Dominion Bank Stock? TD Pros and Cons Explained

Pros

Cons

TD Stock Analysis - Frequently Asked Questions

Overall MarketRank^™