Toronto Dominion Bank (TD) Earning Somewhat Favorable News Coverage, Study Shows
Press coverage about Toronto Dominion Bank (NYSE:TD) (TSE:TD) has trended somewhat positive on Sunday, according to Accern Sentiment Analysis. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded 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 0.09 on Accern’s scale. Accern also assigned news headlines about the bank an impact score of 45.8353980905766 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Stock to Watch – The Toronto-Dominion Bank (NYSE: TD) – Alpha Beta Stock (alphabetastock.com)
- IBD Rating Upgrades: Toronto Dominion Bank Flashes Improved Price Strength (finance.yahoo.com)
- Mortgage Bond Market May Get a Boost From New Canadian Rules – Bloomberg (bloomberg.com)
- TD WebBroker faces outage as customers tweet complaints – BNN (bnn.ca)
- TD’s online brokerage service faces outage as customers complain on social media (medicinehatnews.com)
TD has been the subject of several research analyst reports. Canaccord Genuity reiterated a “buy” rating and issued a $80.00 price objective on shares of Toronto Dominion Bank in a research note on Thursday, November 30th. Macquarie initiated coverage on shares of Toronto Dominion Bank in a research note on Tuesday, October 24th. They issued an “outperform” rating for the company. Zacks Investment Research lowered shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Finally, Scotiabank reiterated a “buy” rating and issued a $83.00 price objective on shares of Toronto Dominion Bank in a research note on Wednesday, November 22nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $72.50.
Toronto Dominion Bank (NYSE:TD) traded up $0.52 during midday trading on Friday, reaching $60.35. 1,015,651 shares of the company traded hands, compared to its average volume of 842,091. Toronto Dominion Bank has a twelve month low of $45.18 and a twelve month high of $60.51. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.18. The firm has a market cap of $111,193.06, a P/E ratio of 14.33, a P/E/G ratio of 1.64 and a beta of 0.88.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Wednesday, January 10th will be given a $0.466 dividend. This represents a $1.86 annualized dividend and a yield of 3.09%. The ex-dividend date is Tuesday, January 9th. Toronto Dominion Bank’s payout ratio is currently 44.18%.
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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