Somewhat Positive Media Coverage Somewhat Unlikely to Impact Toronto Dominion Bank (TD) Stock Price
Media stories about Toronto Dominion Bank (NYSE:TD) (TSE:TD) have been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Toronto Dominion Bank earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned news stories about the bank an impact score of 45.5945536302843 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Bank accidentally renames Iqaluit resident ‘Victoria Nunavut’ on new debit card (cbc.ca)
- O (my God) Canada: We’re raiding RRSPs. Housing’s down. Small firms are dour. (But there’s risqué fun in Vancouver) (theglobeandmail.com)
- Toronto Dominion Bank (TD) Stock Rating Upgraded by Zacks Investment Research (americanbankingnews.com)
- TD Asset Management Inc. Announces Monthly Distribution for February 2018 – Markets Insider (markets.businessinsider.com)
- Canadian banks warn about negative fallout from U.S. tax reforms (msn.com)
Several equities research analysts have issued reports on TD shares. Macquarie started coverage on shares of Toronto Dominion Bank in a report on Tuesday, October 24th. They issued an “outperform” rating on the stock. Zacks Investment Research upgraded shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research note on Wednesday, January 10th. Scotiabank restated a “buy” rating and issued a $83.00 target price on shares of Toronto Dominion Bank in a research note on Wednesday, November 22nd. CIBC upgraded shares of Toronto Dominion Bank from a “neutral” rating to an “outperform” rating in a research note on Thursday, February 1st. Finally, Bank of America boosted their target price on shares of Toronto Dominion Bank from $71.00 to $87.00 and gave the company a “buy” rating in a research note on Tuesday, January 30th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $76.80.
Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its earnings results on Thursday, November 30th. The bank reported $1.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by ($0.02). Toronto Dominion Bank had a net margin of 23.09% and a return on equity of 15.17%. The firm had revenue of $7.42 billion during the quarter, compared to analyst estimates of $7.13 billion. equities research analysts predict that Toronto Dominion Bank will post 4.69 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 10th were paid a $0.466 dividend. The ex-dividend date was Tuesday, January 9th. This represents a $1.86 annualized dividend and a dividend yield of 3.22%. Toronto Dominion Bank’s dividend payout ratio is presently 44.52%.
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About Toronto Dominion Bank
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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