A Stock You Should Be Looking At: The Toronto-Dominion Bank (NYSE:TD)

After finishing at $57.71 in the prior trading day, The Toronto-Dominion Bank (NYSE: TD) closed at $57.83, up 0.21%. In other words, the price has increased by $+0.12 from its previous closing price. On the day, 7088502 shares were traded. TD stock price reached its highest trading level at $58.55 during the session, while it also had its lowest trading level at $56.88.

From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio

The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.

Get our free report, "Top 5 AI Stocks to Buy for 2023".

Sponsored

Ratios:

Our goal is to gain a better understanding of TD by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 0.20 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 16.75. In the meantime, Its Debt-to-Equity ratio is 3.87 whereas as Long-Term Debt/Eq ratio is at 0.60.

Upgrades & Downgrades

Valuation Measures:

As of this moment, The’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.67, and their Forward P/E ratio for the next fiscal year is 6.02. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.93. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.89 while its Price-to-Book (P/B) ratio in mrq is 1.45.

Stock Price History:

Over the past 52 weeks, TD has reached a high of $82.64, while it has fallen to a 52-week low of $56.98. The 50-Day Moving Average of the stock is 66.25, while the 200-Day Moving Average is calculated to be 65.74.

Shares Statistics:

The stock has traded on average 1.90M shares per day over the past 3-months and 3.28M shares per day over the last 10 days, according to various share statistics. A total of 1.82B shares are outstanding, with a floating share count of 1.81B. Insiders hold about 0.09% of the company’s shares, while institutions hold 66.70% stake in the company. Shares short for TD as of Jan 12, 2023 were 40.27M with a Short Ratio of 5.11M, compared to 18.01M on Dec 14, 2022.

Dividends & Splits

In the trailing 12 months, TD’s forward annual dividend rate was 3.16, compared to 2.83 this year. Against a Trailing Annual Dividend Yield of 5.48%, it implies a Forward Annual Dividend Yield of 4.16%. The stock’s 5-year Average Dividend Yield is 3.91. The current Payout Ratio is 45.80% for TD, which recently paid a dividend on Apr 29, 2023 with an ex-dividend date of Jan 04, 2023. Stock splits for the company last occurred on Feb 02, 2014 when the company split stock in a 2:1 ratio.

Earnings Estimates

Its stock is currently analyzed by 11 different market analysts. On average, analysts expect EPS of $1.65 for the current quarter, with a high estimate of $1.79 and a low estimate of $1.55, while EPS last year was $1.62. The consensus estimate for the next quarter is $1.62, with high estimates of $1.78 and low estimates of $1.49.

Analysts are recommending an EPS of between $7.18 and $6.35 for the fiscal current year, implying an average EPS of $6.75. EPS for the following year is $7.14, with 13 analysts recommending between $7.82 and $5.82.

Revenue Estimates

5 analysts predict $9.2B in revenue for the current quarter. It ranges from a high estimate of $9.9B to a low estimate of $8.84B. As of the current estimate, The Toronto-Dominion Bank’s year-ago sales were $8.46B, an estimated increase of 8.70% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $9.41B, an increase of 13.70% over than the figure of $8.70% in the same quarter last year. There is a high estimate of $9.72B for the next quarter, whereas the lowest estimate is $8.96B.

A total of 5 analysts have provided revenue estimates for TD’s current fiscal year. The highest revenue estimate was $39.96B, while the lowest revenue estimate was $38.34B, resulting in an average revenue estimate of $39.22B. In the same quarter a year ago, actual revenue was $34.7B, up 13.00% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $41.92B in the next fiscal year. The high estimate is $43.72B and the low estimate is $39.78B. The average revenue growth estimate for next year is up 6.90% from the average revenue estimate for this year.