Toronto Dominion Bank [TD] stock is trading at $55.64, up 0.74%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The TD shares have gain 1.24% over the last week, with a monthly amount drifted -0.59%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, National Bank Financial downgraded its rating to Underperform on May 23, 2024. On April 17, 2024, upgrade upgraded it’s rating to Sector Outperform. Barclays started tracking the stock assigning a Equal Weight rating. Jefferies initiated its recommendation with a Hold. Scotiabank downgraded its rating to Sector Perform for this stock on December 20, 2023.
Toronto Dominion Bank [TD] stock has fluctuated between $53.52 and $66.15 over the past year. 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 $55.64 at the most recent close of the market. An investor can expect a potential return of 60.89% based on the average TD price forecast.
Analyzing the TD fundamentals
Toronto Dominion Bank [NYSE:TD] reported sales of 83.84B for the trailing twelve months, which represents a growth of 20.00%. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.1 and Total Capital is 0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.22.
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 55.36 points at the first support level, and at 55.09 for the second support level. However, for the 1st resistance point, the stock is sitting at 55.80, and for the 2nd resistance point, it is at 55.96.
Ratios To Look Out For
For context, Toronto Dominion Bank’s Current Ratio is 0.47. Considering the valuation of this stock, the price to sales ratio is 1.17, the price to book ratio is 1.33 and price to earnings (TTM) ratio is 12.62.
