Toronto Dominion Bank (The) (TD) Given Daily News Impact Score of 0.18
News coverage about Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) has trended somewhat positive on Friday, Accern Sentiment reports. The research firm identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Toronto Dominion Bank (The) earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave media headlines about the bank an impact score of 46.49035572149 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.
Here are some of the media stories that may have effected Accern Sentiment’s analysis:
- The Toronto-Dominion Bank (TD) Given Average Rating of “Buy” by Analysts (americanbankingnews.com)
- /C O R R E C T I O N from Source — TD Bank Group/ (finance.yahoo.com)
- Toronto Dominion Bank (The) (TD) Rating Reiterated by Scotiabank (americanbankingnews.com)
- National Bank Financial Comments on Toronto Dominion Bank (The)’s FY2017 Earnings (TD) (americanbankingnews.com)
- Toronto Dominion Bank (The) (TD) to Release Earnings on Thursday (americanbankingnews.com)
Toronto Dominion Bank (NYSE TD) traded up $0.59 during trading on Friday, reaching $58.67. The company’s stock had a trading volume of 1,123,400 shares, compared to its average volume of 1,493,907. Toronto Dominion Bank has a one year low of $45.18 and a one year high of $58.76. The firm has a market capitalization of $108,456.95, a PE ratio of 14.41, a PEG ratio of 1.28 and a beta of 0.89. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.96 and a current ratio of 0.96.
Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) last released its quarterly earnings data on Thursday, August 31st. The bank reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.06. Toronto Dominion Bank (The) had a net margin of 22.85% and a return on equity of 14.71%. The firm had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.05 billion. During the same quarter in the prior year, the business earned $1.27 earnings per share. Toronto Dominion Bank (The)’s quarterly revenue was up 6.7% on a year-over-year basis. analysts anticipate that Toronto Dominion Bank will post 4.39 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Friday, October 6th were paid a $0.475 dividend. This is a boost from Toronto Dominion Bank (The)’s previous quarterly dividend of $0.44. This represents a $1.90 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend was Thursday, October 5th. Toronto Dominion Bank (The)’s payout ratio is currently 46.62%.
Toronto Dominion Bank (The) announced that its Board of Directors has initiated a stock buyback program on Thursday, August 31st that permits the company to repurchase 20,000,000 shares. This repurchase authorization permits the bank to buy shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its shares are undervalued.
Several research firms recently weighed in on TD. BidaskClub upgraded shares of Toronto Dominion Bank (The) from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Bank of America Corporation reissued a “buy” rating on shares of Toronto Dominion Bank (The) in a report on Friday, September 1st. Zacks Investment Research cut shares of Toronto Dominion Bank (The) from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 2nd. Scotiabank raised shares of Toronto Dominion Bank (The) from a “sector perform” rating to an “outperform” rating in a research report on Monday, August 21st. Finally, Macquarie started coverage on shares of Toronto Dominion Bank (The) in a research report on Tuesday, October 24th. They set an “outperform” rating on the stock. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $70.50.
About Toronto Dominion Bank (The)
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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