Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Toronto Dominion Bank (The) (TD) Share Price
Press coverage about Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) has trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Toronto Dominion Bank (The) earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned news headlines about the bank an impact score of 46.3826668255421 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- 2 Dividend-Growth Stocks to Bet on Rising Interest Rates – The Motley Fool Canada (fool.ca)
- This Big 5 Bank Has a History of Value and Dividend Increases – The Motley Fool Canada (fool.ca)
- The Toronto Dominion Bank (The) (TD) Lowered to Hold at … – Newburgh Gazette (newburghgazette.com)
- Are the Short-Sellers Right About Toronto-Dominion Bank? (fool.ca)
- Analysts Set Toronto-Dominion Bank (TSE:TD) Target Price at $69.23 (overnewsmagazine.com)
Shares of Toronto Dominion Bank (NYSE TD) traded down 0.35% during mid-day trading on Wednesday, reaching $50.73. 1,267,314 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $50.57 and a 200-day moving average price of $49.83. The stock has a market cap of $93.52 billion, a PE ratio of 12.63 and a beta of 0.89. Toronto Dominion Bank has a one year low of $42.75 and a one year high of $54.44.
Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) last announced its quarterly earnings results on Thursday, May 25th. The bank reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.08. The business had revenue of $8.47 billion for the quarter, compared to analyst estimates of $8.72 billion. Toronto Dominion Bank (The) had a net margin of 22.56% and a return on equity of 14.09%. The company’s revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.20 EPS. On average, analysts predict that Toronto Dominion Bank will post $4.23 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Monday, July 10th were issued a $0.444 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date of this dividend was Thursday, July 6th. Toronto Dominion Bank (The)’s dividend payout ratio (DPR) is presently 48.18%.
Several brokerages recently weighed in on TD. Zacks Investment Research cut shares of Toronto Dominion Bank (The) from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. BidaskClub raised shares of Toronto Dominion Bank (The) from a “hold” rating to a “buy” rating in a research note on Sunday, July 16th. Canaccord Genuity began coverage on shares of Toronto Dominion Bank (The) in a research note on Tuesday, July 18th. They issued a “buy” rating on the stock. Royal Bank Of Canada boosted their price objective on shares of Toronto Dominion Bank (The) from $68.00 to $70.00 and gave the stock a “sector perform” rating in a research note on Friday, May 26th. Finally, Barclays PLC raised shares of Toronto Dominion Bank (The) from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, May 23rd. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Toronto Dominion Bank (The) has an average rating of “Buy” and a consensus target price of $61.71.
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Toronto Dominion Bank (The) Company Profile
Toronto-Dominion Bank (the Bank) is a Canada-based bank, which operates in the North America. It is an online financial services firm, with over 10.2 million online and mobile customers. Its segments include Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. The Canadian Retail segment provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses.
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