The Toronto-Dominion Bank [TD] is -14.71% lower this YTD. Is it still time to buy?

The Toronto-Dominion Bank [NYSE: TD] loss -2.27% on the last trading session, reaching $65.40 price per share at the time. The company report on December 12, 2022 that TD Bank Group ranked among top sustainability companies in the World by the Dow Jones Sustainability Index.

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TD’s sustainability efforts recognized for the ninth consecutive year.

TD Bank Group (TD) is proud to be listed in the DJSI World Index for the ninth consecutive year. The DJSI World Index benchmarks the sustainability performance of the top ten per cent of the largest 2,500 companies in the S&P Global Broad Market Index based on long-term economic, environmental and social criteria. From a global pool of 240 eligible companies in its industry, TD is included in the shortlist of 25. As of December 9, 2022, TD is the only North American-based bank included in the World Index.

The Toronto-Dominion Bank represents 1.81 billion in outstanding shares, while the company has a total market value of $118.26 billion with the latest information. TD stock price has been found in the range of $65.095 to $67.76.

If compared to the average trading volume of 1.65M shares, TD reached a trading volume of 7581431 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about The Toronto-Dominion Bank [TD]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TD shares is $76.80 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TD stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Canaccord Genuity have made an estimate for The Toronto-Dominion Bank shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 02, 2022. The new note on the price target was released on September 02, 2022, representing the official price target for The Toronto-Dominion Bank stock.

The Average True Range (ATR) for The Toronto-Dominion Bank is set at 1.33, with the Price to Sales ratio for TD stock in the period of the last 12 months amounting to 3.92. The Price to Book ratio for the last quarter was 1.61, with the Price to Cash per share for the same quarter was set at 312.66. Price to Free Cash Flow for TD in the course of the last twelve months was 5.22.

Trading performance analysis for TD stock

The Toronto-Dominion Bank [TD] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.95. With this latest performance, TD shares dropped by -1.89% in over the last four-week period, additionally sinking by -5.19% over the last 6 months – not to mention a drop of -11.75% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TD stock in for the last two-week period is set at 46.28, with the RSI for the last a single of trading hit 41.90, and the three-weeks RSI is set at 48.61 for The Toronto-Dominion Bank [TD]. The present Moving Average for the last 50 days of trading for this stock 64.66, while it was recorded at 66.05 for the last single week of trading, and 68.82 for the last 200 days.

The Toronto-Dominion Bank [TD]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and The Toronto-Dominion Bank [TD] shares currently have an operating margin of +32.57. The Toronto-Dominion Bank’s Net Margin is presently recorded at +27.79.

Return on Equity for this stock inclined to 16.50, with Return on Assets sitting at 0.96.

The Toronto-Dominion Bank [TD]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for TD. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for The Toronto-Dominion Bank go to 9.40%.

An analysis of insider ownership at The Toronto-Dominion Bank [TD]

There are presently around $60,258 million, or 66.70% of TD stock, in the hands of institutional investors. The top three institutional holders of TD stocks are: ROYAL BANK OF CANADA with ownership of 155,842,336, which is approximately 3.052% of the company’s market cap and around 0.09% of the total institutional ownership; BANK OF MONTREAL /CAN/, holding 92,794,106 shares of the stock with an approximate value of $6.07 billion in TD stocks shares; and VANGUARD GROUP INC, currently with $4.4 billion in TD stock with ownership of nearly 3.444% of the company’s market capitalization.

Positions in The Toronto-Dominion Bank stocks held by institutional investors increased at the end of December and at the time of the December reporting period, where 306 institutional holders increased their position in The Toronto-Dominion Bank [NYSE:TD] by around 45,806,043 shares. Additionally, 293 investors decreased positions by around 40,815,931 shares, while 151 investors held positions by with 834,749,706 shares. The mentioned changes placed institutional holdings at 921,371,680 shares, according to the latest SEC report filing. TD stock had 39 new institutional investments in for a total of 1,053,812 shares, while 78 institutional investors sold positions of 6,246,260 shares during the same period.


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