A share price of Toronto Dominion Bank [TD] is currently trading at $58.09, up 1.47%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The TD shares have gain 2.22% over the last week, with a monthly amount drifted -3.39%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Toronto Dominion Bank [NYSE: TD] stock has seen the most recent analyst activity on April 17, 2024, when Scotiabank upgraded its rating to a Sector Outperform. On February 22, 2024, Jefferies initiated with a Hold rating. Scotiabank downgraded its rating to a Sector Perform. BofA Securities downgraded its rating to Neutral for this stock on December 18, 2023. In a note dated November 22, 2023, CIBC downgraded an Neutral rating on this stock.
Toronto Dominion Bank experienced fluctuations in its stock price throughout the past year between $54.69 and $66.15. Currently, Wall Street analysts expect the stock to reach $89.52 within the next 12 months. Toronto Dominion Bank [NYSE: TD] shares were valued at $58.09 at the most recent close of the market. An investor can expect a potential return of 54.11% based on the average TD price forecast.
Analyzing the TD fundamentals
Trailing Twelve Months sales for Toronto Dominion Bank [NYSE:TD] were 80.24B which represents 24.41% growth. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.34%, Pretax Profit Margin comes in at 0.2%, and Net Profit Margin reading is 0.17%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.11 and Total Capital is 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.97.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 57.41 points at the first support level, and at 56.73 for the second support level. However, for the 1st resistance point, the stock is sitting at 58.50, and for the 2nd resistance point, it is at 58.91.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Toronto Dominion Bank [NYSE:TD] is 0.46. Considering the valuation of this stock, the price to sales ratio is 1.28, the price to book ratio is 1.35 and price to earnings (TTM) ratio is 12.40.
