Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Toronto-Dominion Bank (TD) Stock Price
News headlines about Toronto-Dominion Bank (NYSE:TD) (TSE:TD) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative press 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 one, with scores closest to one being the most favorable. Toronto-Dominion Bank earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave news headlines about the bank an impact score of 47.1488910971289 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news headlines that may have effected Accern’s analysis:
- TD’s Strong Dividend History Helps Get It To The Top 25 (nasdaq.com)
- Is Toronto-Dominion Bank (TSX:TD) Canada’s Best Bank Stock? (fool.ca)
- Is Toronto-Dominion Bank (TSX:TD) Canada’s Best Bank Stock? (ca.finance.yahoo.com)
- TD Bank Finances Affordable Housing Development to Rejuvenate Grove Hall Section of Roxbury in Boston (finance.yahoo.com)
- Media Advisory – TD Bank Group Executive to Present at the Scotiabank Financials Summit (finance.yahoo.com)
Shares of NYSE TD opened at $60.41 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market capitalization of $110.18 billion, a price-to-earnings ratio of 14.25, a P/E/G ratio of 1.14 and a beta of 0.99. Toronto-Dominion Bank has a 52-week low of $54.39 and a 52-week high of $61.47.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Wednesday, October 10th will be issued a $0.5144 dividend. The ex-dividend date of this dividend is Tuesday, October 9th. This represents a $2.06 dividend on an annualized basis and a yield of 3.41%. Toronto-Dominion Bank’s dividend payout ratio is currently 48.11%.
A number of research analysts recently weighed in on TD shares. Zacks Investment Research cut shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Thursday, May 17th. TheStreet upgraded shares of Toronto-Dominion Bank from a “c+” rating to a “b” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $79.00.
Toronto-Dominion Bank Company Profile
The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. It operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The company offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to small, medium, and large businesses; financing options to customers at point of sale for automotive and recreational vehicle purchases through auto dealer network; credit cards; investing, advice-based, and asset management services to retail and institutional clients; and property and casualty insurance, as well as life and health insurance products.
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