Toronto Dominion Bank (NYSE:TD) does about 2.01M shares in volume on a normal day but saw 1674642 shares change hands in the recent trading day. The company now has a market cap of 123.30B USD. Its current market price is $70.39, marking an increase of 0.60% compared to the previous close of $69.97. The 52 week high reached by this stock is $70.09 whilst the lowest price level in 52 weeks is $51.25. The script in recent trading has seen the stock touch a high of $91.51096595 and a low of $87.5322283.
21 analysts observing the Toronto Dominion Bank (TD) stock have set the 12-month price targets for the company’s shares at between $87.5322283 and $91.51096595. The consensus objective for the share price is $70.73, suggesting that the stock has a potential upside of 0.48% over the period. The median price target is 21.37% away from the current levels at $89.521597125.
FactSet Research has provided data showing that 21 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 15 analysts have rated it as a buy and 6 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Moderate Buy the stock.
The current price level is 5.36%, 11.49%, and 18.91% away from its SMA20, SMA50, and SMA200 respectively, with the TD price moving above the 50-day SMA on current market day. Toronto Dominion Bank (TD) stock is up 1.94% over the week and 11.50% over the past month. Its price is 32.21% year-to-date and 26.53% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 2.02 and 7.97 for whole year. Expected sales for next quarter are $13.79B, which analysts say will come at $54.71B for the current fiscal year and next year at $56.78B. In addition, estimates put the company’s current quarterly revenue at an average of $13.74B.
Its 12-month price target is $89.521597125. To reach the target analysts have set, the stock logically needs to grow 0.48 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $87.5322283, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $91.51096595.
Outstanding shares total 1.75B with insiders holding 0.02% of the shares and institutional holders owning 56.67% of the company’s common stock. The company has a return on investment of 8.70% and return on equity of 14.27%. The price to earnings ratio (P/E ratio) amounts to 10.29 while the forward price to earnings ratio is 11.31. The beta has a value of 0.82. Price to book ratio is 1.46 and price to sales ratio is 1.34.
