Toronto Dominion Bank (TD) Earning Somewhat Positive Press Coverage, Report Finds
Media headlines about Toronto Dominion Bank (NYSE:TD) (TSE:TD) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group rates the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. 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 news impact score of 0.11 on Accern’s scale. Accern also gave news headlines about the bank an impact score of 46.571741419373 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have impacted Accern’s analysis:
- Toronto-Dominion Bank Stock: Why a Dip Is a Buying Opportunity (fool.ca)
- ‘Tis the Season for Home Renovations, According to New TD Bank HELOC Survey (finance.yahoo.com)
- The Toronto-Dominion Bank :TD-US: Earnings Analysis: Q4, 2017 By the Numbers : December 6, 2017 (finance.yahoo.com)
- Don’t Let the Earnings Miss Stop You From Buying Toronto-Dominion Bank (ca.finance.yahoo.com)
- Toronto Dominion Bank Named Top 25 Dividend Stock With 3.27% Yield (TD) (nasdaq.com)
Shares of Toronto Dominion Bank (TD) traded up $0.11 during trading on Friday, reaching $56.63. 752,340 shares of the company’s stock traded hands, compared to its average volume of 945,050. The company has a market cap of $104,339.08, a price-to-earnings ratio of 13.39, a PEG ratio of 1.54 and a beta of 0.88. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.93 and a quick ratio of 0.93. Toronto Dominion Bank has a 12-month low of $45.18 and a 12-month high of $58.76.
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 issued a $0.466 dividend. This represents a $1.86 annualized dividend and a dividend yield of 3.29%. The ex-dividend date of this dividend is Tuesday, January 9th. Toronto Dominion Bank’s payout ratio is 44.18%.
Toronto Dominion Bank announced that its board has authorized a stock buyback program on Thursday, August 31st that permits the company to repurchase 20,000,000 outstanding shares. This repurchase authorization permits the bank to buy shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its shares are undervalued.
TD has been the subject of several research analyst reports. Zacks Investment Research cut shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research note on Saturday, December 2nd. BidaskClub upgraded shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Bank of America reiterated a “buy” rating on shares of Toronto Dominion Bank in a research note on Friday, September 1st. Scotiabank upgraded shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research note on Monday, August 21st. Finally, Macquarie initiated coverage on shares of Toronto Dominion Bank in a research note on Tuesday, October 24th. They set an “outperform” rating for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $72.50.
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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