The Toronto-Dominion Bank (NYSE: TD) is 3.63% higher on its value in year-to-date trading and has touched a low of $33.74 and a high of $59.02 in the current 52-week trading range. The TD stock was last observed hovering at around $58.75 in the last trading session, with the day’s loss setting it -0.28% off its average median price target of $56.00 for the next 12 months. It is also -4.41% off the consensus price target high of $56.00 offered by 4 analysts, but current levels are -4.41% lower than the price target low of $56.00 for the same period.
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Currently trading at $58.47, the stock is 3.75% and 11.28% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.59 million and changing -0.48% at the moment leaves the stock 25.41% off its SMA200. TD registered 3.18% gain for a year compared to 6-month gain of 35.25%. The firm has a 50-day simple moving average (SMA 50) of $55.48 and a 200-day simple moving average (SMA200) of $48.61.
The stock witnessed a 5.37% loss in the last 1 month and extending the period to 3 months gives it a 22.48%, and is 3.62% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.73% over the week and 1.27% over the month.
The Toronto-Dominion Bank (TD) has around 89598 employees, a market worth around $105.04B and $27.94B in sales. Current P/E ratio is 11.63 and Fwd P/E is 11.45. Profit margin for the company is 32.60%. Distance from 52-week low is 73.30% and -0.93% from its 52-week high. The company has generated returns on investments over the last 12 months (5.20%).
The Toronto-Dominion Bank (TD) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for The Toronto-Dominion Bank (TD) is a “Hold”. 4 analysts offering their recommendations for the stock have an average rating of 2.20, where 1 rate it as a Hold and 1 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
The Toronto-Dominion Bank is expected to release its quarterly report on 02/25/2021 and quarterly earnings per share for the current quarter are estimated at $1.16 with sales reaching $6.86B over the same period.The EPS is expected to grow by 2.90% this year, but quarterly earnings will post 0.10% year-over-year. Quarterly sales are estimated to grow 2.80% in year-over-year returns.
The Toronto-Dominion Bank (TD) Top Institutional Holders
883 institutions hold shares in The Toronto-Dominion Bank (TD), with 944.11k shares held by insiders accounting for 0.05% while institutional investors hold 56.14% of the company’s shares. The shares outstanding are 1.81B, and float is at 1.79B with Short Float at 0.29%. Institutions hold 56.11% of the Float.
The top institutional shareholder in the company is Royal Bank of Canada with over 145.71 million shares valued at $6.74 billion. The investor’s holdings represent 8.02% of the TD Shares outstanding. As of Sep 29, 2020, the second largest holder is Bank of Montreal/Can/ with 75.22 million shares valued at $3.48 billion to account for 4.14% of the shares outstanding. The other top investors are Vanguard Group, Inc. (The) which holds 54.38 million shares representing 2.99% and valued at over $2.51 billion, while TD Asset Management, Inc holds 2.20% of the shares totaling 39.94 million with a market value of $1.85 billion.
The Toronto-Dominion Bank (TD): Who are the competitors?
The company’s main competitors (and peers) include Banco Santander S.A. (SAN) that is trading -13.65% down over the past 12 months. Royal Bank of Canada (RY) is 6.70% up on the 1-year trading charts. Short interest in the company’s stock has fallen -11.22% from the last report on Nov 12, 2020 to stand at a total of 5.75 million short shares sold with a short interest ratio of 3.73.