A share price of Toronto Dominion Bank [TD] is currently trading at $63.27, up 0.21%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The TD shares have lost -0.06% over the last week, with a monthly amount glided 6.93%, and 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 August 22, 2024, when National Bank Financial upgraded its rating to a Sector Perform. On May 23, 2024, downgrade downgraded it’s rating to Underperform. Scotiabank upgraded its rating to a Sector Outperform. Barclays initiated its recommendation with a Equal Weight. In a note dated December 20, 2023, Scotiabank downgraded an Sector Perform rating on this stock.
Toronto Dominion Bank experienced fluctuations in its stock price throughout the past year between $53.52 and $65.12. 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 $63.27 at the most recent close of the market. An investor can expect a potential return of 41.49% based on the average TD price forecast.
Analyzing the TD fundamentals
Trailing Twelve Months sales for Toronto Dominion Bank [NYSE:TD] were 86.12B which represents 11.42% growth. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.1%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.07 and Total Capital is 0.0. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.16.
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 62.71 points at the first support level, and at 62.14 for the second support level. However, for the 1st resistance point, the stock is sitting at 63.67, and for the 2nd resistance point, it is at 64.06.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Toronto Dominion Bank [NYSE:TD] is 0.48. Considering the valuation of this stock, the price to sales ratio is 1.28, the price to book ratio is 1.52 and price to earnings (TTM) ratio is 20.23.
