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Check out this: The Toronto-Dominion Bank (TD) could be on the verge of a big rally

The Toronto-Dominion Bank (NYSE: TD) is -14.32% lower on its value in year-to-date trading and has touched a low of $58.64 and a high of $86.01 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The TD stock was last observed hovering at around $66.67 in the last trading session, with the day’s loss setting it -0.97% off its average median price target of $74.61 for the next 12 months. It is also 12.4% off the consensus price target high of $75.00 offered by 7 analysts, but current levels are 11.47% higher than the price target low of $74.21 for the same period.

Currently trading at $65.70, the stock is -0.39% and 0.87% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.51 million and changing -1.45% at the moment leaves the stock -10.30% off its SMA200. TD registered 2.87% gain for a year compared to 6-month loss of -19.54%.

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The stock witnessed a -2.38% gain in the last 1 month and extending the period to 3 months gives it a -2.97%, and is -0.71% down 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 1.76% over the week and 1.93% over the month.

The Toronto-Dominion Bank (TD) has around 89464 employees, a market worth around $120.67B and $25.53B in sales. Current P/E ratio is 11.02 and Fwd P/E is 7.32. Profit margin for the company is 42.40%. Distance from 52-week low is 12.04% and -23.62% from its 52-week high. The company has generated returns on investments over the last 12 months (5.00%).

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 “Overweight”. 7 analysts offering their recommendations for the stock have an average rating of 2.80, where 4 rate it as a Hold and 0 think it is a “Overweight”. 3 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 10/19/2022.The EPS is expected to grow by 20.10% this year.

The Toronto-Dominion Bank (TD) Top Institutional Holders

The shares outstanding are 1.80B, and float is at 1.79B with Short Float at 2.53%.

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 -24.12% down over the past 12 months and Wells Fargo & Company (WFC) that is -5.24% lower over the same period. Royal Bank of Canada (RY) is -3.10% down on the 1-year trading charts.

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