Analysts rate Toronto Dominion Bank (TD:TSX) with a Hold rating and a target of $98

STA Research
by: STA Research
Toronto Dominion Bank

Analysts rate Toronto Dominion Bank stock with a consensus Hold rating with an average target price of $98.19 per share over the next 12 months.

Last week Scotiabank Capital maintained the Sector Perform rating on Toronto Dominion Bank and lowered the target price to $101 from $102 on the company’s stock.

Based on the Toronto Dominion Bank stock forecasts from 16 analysts, the average analyst TD stock price target is CAD 98.19 over the next 12 months. Toronto Dominion Bank’s average analyst rating is Hold. Stock Target Advisor’s own stock analysis of Toronto Dominion Bank stock is Slightly Bearish, which is based on 6 positive signals and 8 negative signals. At the last closing, TD stock price was CAD 87.45TD stock price has changed by +1.00% over the past week, +5.21% over the past month and +1.53% over the last year.

About Toronto Dominion Bank (TD:TSX)

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The company operates through a network of 1,061 branches and 3,381 automated teller machines (ATMs) in Canada, and 1,148 stores and 2,701 ATMs in the United States, as well as offers telephone, digital, and mobile banking services. It has a strategic alliance with Canada Post Corporation. The Toronto-Dominion Bank was founded in 1855 and is headquartered in Toronto, Canada.

Most Recent Analyst Ratings for Toronto Dominion Bank:

What we like:

High market capitalization:

Toronto Dominion stock is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.

Superior total returns:

Toronto Dominion stock has outperformed its sector peers on average annual total returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile.

High dividend returns:

TD stock dividend has outperformed its sector peers on average annual dividend returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile. This can be a good buy, especially if it is outperforming on total return basis, for investors seeking high income yields.

Superior capital utilization:

TD stock price history shows that the company management has delivered better return on invested capital in the most recent 4 quarters than its peers, placing it in the top quartile.

Low debt:

The company is less leveraged than its peers, and is among the top quartile, which makes it more flexible. However, do check the news and look at its sector. Sometimes this is low because the company is not growing and has no growth potential.

Positive cash flow:

TD Bank stock price had positive total cash flow in the most recent four quarters.

What we don’t like:

High volatility:

TD stock price history shows that the total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.

Overpriced compared to earnings:

TD stock price is trading high compared to its peers on a price to earning basis and is above the sector median.

Overpriced compared to book value:

TD stock price is trading high compared to its peers median on a price to book value basis.

Overpriced on cashflow basis:

TD stock price is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.

Poor return on equity:

TD Bank stock price has delivered below median return on equity in the most recent 4 quarters compared to its peers.

Poor return on assets:

TD Bank stock price has delivered below median return on assets in the most recent 4 quarters compared to its peers.

Low Earnings Growth:

TD stock price history has shown below median earnings growth in the previous 5 years compared to its sector.

Low Revenue Growth:

TD stock price history has shown below median revenue growth in the previous 5 years compared to its sector.

Disclaimer

Stock Target Advisor is not a broker/dealer, investment advisor, or platform for making stock buying or selling decisions. Our goal is to democratize and simplify financial information through automated analysis, aggregation of stock information, and education to help investors with their research. No content on our site, blogs or newsletters constitutes – or should be understood as constituting – a recommendation to enter into any securities transactions or to engage in any of the investment strategies presented in our site content. We also cannot guarantee the accuracy of any information presented on our site and in our analysis.

Leave a Reply

Your email address will not be published.