Toronto Dominion Bank [TD] stock prices are down -1.41% to $51.81 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The TD shares have lost -3.14% over the last week, with a monthly amount drifted -7.93%, 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 December 12, 2024, when Jefferies upgraded its rating to a Buy. Previously, Scotiabank downgraded its rating to Sector Perform on December 06, 2024. On December 06, 2024, downgrade downgraded it’s rating to Hold. Barclays downgraded its rating to a Underweight. RBC Capital Mkts downgraded its rating to a Sector Perform. National Bank Financial upgraded its rating to Sector Perform for this stock on August 22, 2024. In a note dated July 02, 2024, UBS initiated an Neutral rating.
The stock price of Toronto Dominion Bank [TD] has been fluctuating between $51.74 and $65.12 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 $51.81 at the most recent close of the market. An investor can expect a potential return of 72.79% based on the average TD price forecast.
Analyzing the TD fundamentals
The Toronto Dominion Bank [NYSE:TD] reported sales of 88.35B for trailing twelve months, representing a surge of 10.75%. Gross Profit Margin for this corporation currently stands at 1.19% with Operating Profit Margin at 0.0%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.08 and Total Capital is 0.0. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of3.96.
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 51.36 points at the first support level, and at 50.92 for the second support level. However, for the 1st resistance point, the stock is sitting at 52.52, and for the 2nd resistance point, it is at 53.24.
Ratios To Look Out For
It’s worth pointing out that Toronto Dominion Bank [NYSE:TD]’s Current Ratio is 0.56. Considering the valuation of this stock, the price to sales ratio is 1.03, the price to book ratio is 1.21 and price to earnings (TTM) ratio is 14.92.
