Somewhat Positive Press Coverage Somewhat Unlikely to Impact Toronto Dominion Bank (TD) Stock Price
Media headlines about Toronto Dominion Bank (NYSE:TD) (TSE:TD) have been trending somewhat positive on Thursday, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring 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 nearest to one being the most favorable. Toronto Dominion Bank earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned news articles about the bank an impact score of 45.8682210883679 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- Toronto-Dominion Bank Invests in Artificial Intelligence (ca.finance.yahoo.com)
- TD Bank buys Toronto AI outfit Layer 6 (finextra.com)
- TD Bank Acquires Artificial Intelligence Startup Layer 6 (nearshoreamericas.com)
- Toronto Dominion Bank (TD) Upgraded by Zacks Investment Research to “Hold” (americanbankingnews.com)
- TD Bank acquires Toronto based artificial intelligence startup Layer 6 AI (canadianbusiness.com)
Toronto Dominion Bank (TD) traded down $0.16 during midday trading on Thursday, hitting $58.82. The stock had a trading volume of 829,645 shares, compared to its average volume of 1,080,000. The firm has a market cap of $108,350.00, a PE ratio of 13.43, a P/E/G ratio of 1.64 and a beta of 0.90. Toronto Dominion Bank has a one year low of $45.18 and a one year high of $60.54. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.93 and a quick ratio of 0.93.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 10th will be paid a $0.466 dividend. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $1.86 annualized dividend and a dividend yield of 3.17%. Toronto Dominion Bank’s dividend payout ratio (DPR) is currently 42.69%.
Several brokerages have issued reports on TD. Zacks Investment Research upgraded Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research report on Wednesday. Canaccord Genuity reiterated a “buy” rating and issued a $80.00 price objective on shares of Toronto Dominion Bank in a research report on Thursday, November 30th. Macquarie began coverage on Toronto Dominion Bank in a research report on Tuesday, October 24th. They issued an “outperform” rating for the company. Finally, Scotiabank reiterated a “buy” rating and issued a $83.00 price objective on shares of Toronto Dominion Bank in a research report on Wednesday, November 22nd. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Toronto Dominion Bank has a consensus rating of “Buy” and an average price target of $72.50.
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Toronto Dominion Bank 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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