The Toronto-Dominion Bank (NYSE: TD) is -11.89% lower on its value in year-to-date trading and has touched a low of $55.43 and a high of $77.15 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 $59.68 in the last trading session, with the day’s loss setting it -2.62% off its average median price target of $66.00 for the next 12 months. It is also 32.55% off the consensus price target high of $84.60 offered by 6 analysts, but current levels are 2.08% higher than the price target low of $58.27 for the same period.
Currently trading at $57.06, the stock is -6.14% and -4.83% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.8 million and changing -4.39% at the moment leaves the stock -10.93% off its SMA200. TD registered -20.96% loss for a year compared to 6-month loss of -15.85%.
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The stock witnessed a -4.12% gain in the last 1 month and extending the period to 3 months gives it a -14.78%, and is -6.35% 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 1.80% over the week and 1.71% over the month.
The Toronto-Dominion Bank (TD) has around 89464 employees, a market worth around $103.92B and $38.20B in sales. Current P/E ratio is 9.32 and Fwd P/E is 6.35. Profit margin for the company is 29.00%. Distance from 52-week low is 2.94% and -26.04% from its 52-week high. The company has generated returns on investments over the last 12 months (4.90%).
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”. 6 analysts offering their recommendations for the stock have an average rating of 2.10, where 1 rate it as a Hold and 1 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 08/24/2023.The EPS is expected to grow by 22.70% this year
The Toronto-Dominion Bank (TD) Top Institutional Holders
The shares outstanding are 1.82B, and float is at 1.81B with Short Float at 0.58%.
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 7.72% up over the past 12 months and Wells Fargo & Company (WFC) that is -5.52% lower over the same period. Royal Bank of Canada (RY) is -11.33% down on the 1-year trading charts.