Toronto Dominion Bank (The) (TD) Earning Somewhat Positive Press Coverage, Analysis Shows
News articles about Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) have trended somewhat positive this week, according to Accern Sentiment. Accern rates the sentiment of press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Toronto Dominion Bank (The) earned a news sentiment score of 0.17 on Accern’s scale. Accern also gave news headlines about the bank an impact score of 47.1124866924119 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news headlines that may have impacted Accern Sentiment’s analysis:
- TD Asset Management Inc. Announces Monthly Distribution for August 2017 – Markets Insider (markets.businessinsider.com)
- Toronto-Dominion Bank (TD) Sees Awesome Oscillator Trending Lower – FLBC News (flbcnews.com)
- Toronto Dominion Bank Bought A Little More Toronto Dominion Bank (The) (TD) Stock Last Quarter – Modern Readers (modernreaders.com)
- Brokers Set Expectations for Toronto Dominion Bank (The)’s Q3 2017 Earnings (TD) (americanbankingnews.com)
- Toronto Dominion Bank (The) (TD) Receives Average Rating of “Buy” from Brokerages (americanbankingnews.com)
Shares of Toronto Dominion Bank (TD) traded up 0.80% during midday trading on Friday, reaching $50.65. 1,027,882 shares of the company’s stock were exchanged. Toronto Dominion Bank has a 12 month low of $43.09 and a 12 month high of $54.44. The company has a market cap of $93.37 billion, a P/E ratio of 12.71 and a beta of 0.89. The firm has a 50 day moving average price of $51.02 and a 200 day moving average price of $49.80.
Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) last issued its earnings results on Thursday, May 25th. The bank reported $1.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.08. The business had revenue of $8.47 billion during the quarter, compared to analyst estimates of $8.72 billion. Toronto Dominion Bank (The) had a return on equity of 14.09% and a net margin of 22.56%. Toronto Dominion Bank (The)’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.20 earnings per share. Equities research analysts forecast that Toronto Dominion Bank will post $4.20 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Monday, July 10th were paid a $0.444 dividend. This represents a $1.78 annualized dividend and a yield of 3.51%. The ex-dividend date of this dividend was Thursday, July 6th. Toronto Dominion Bank (The)’s dividend payout ratio is currently 48.18%.
TD has been the topic of several research reports. Zacks Investment Research downgraded shares of Toronto Dominion Bank (The) from a “hold” rating to a “sell” rating in a research note on Thursday, May 4th. Royal Bank Of Canada upped their price target on shares of Toronto Dominion Bank (The) from $68.00 to $70.00 and gave the company a “sector perform” rating in a research note on Friday, May 26th. National Bank Financial restated a “sector perform overweight” rating on shares of Toronto Dominion Bank (The) in a research note on Thursday, May 18th. BidaskClub downgraded shares of Toronto Dominion Bank (The) from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Finally, Canaccord Genuity initiated coverage on shares of Toronto Dominion Bank (The) in a research note on Tuesday, July 18th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. Toronto Dominion Bank (The) currently has a consensus rating of “Buy” and a consensus price target 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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