Toronto Dominion (TD-T)
1593 watching
TSE:TD
84.94
0.57
(0.68%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
Sep 26, 2022, 8:00 pm
0
HOLD
TD has expanded its NIM in the US, so last quarter they benefited the most out of all the banks. Best in class. He's lightened up on financials. Valuations are compelling, but margin and loan growth will be stagnant. Banks don't do well in recessions. No tailwinds right now.
banks
$86.040
Owned
PAST TOP PICK
(A Top Pick Sep 14/21, Up 11%) The valuation is below historic averages. They will acquire First Horizon bank in the U.S. southeast which will expand TD's presence there. As interest rates rise along with loan growth, TD's net interest margin will expand. They also bought Cowen to expand in capital markets. They still have a strong balance sheet. The dividend, the smallest among the big 5 banks, will continue to increase.
banks
TOP PICK
Stockchase Research Editor: Michael O'Reilly We reiterate TD as a TOP PICK. During economic uncertainty Canadian chartered banks are a safe haven. TD recently reported its 9th consecutive quarter of beating earning expectations. Retail margins are increasing and wealth management is growing market share. The dividend is good, growing by over 7% annually for the past 10 years. Rising interest rates are good for their bottom line. We recommend placing a stop loss at $72.50, looking to achieve $100 -- over 16% upside. Yield 4.0% (Analysts’ price target is $99.25)
banks
HOLD
Their quarterly report was among the best of the banks in late-August. It has a larger US retail business as opposed to the capital business focus of its peers. TD should benefit from higher net interest margins more than those peers, so rising interest rates will benefit TD, though they will be bad for consumer credits--more consumers may default on loans. Also, we need to see the surge in rates filter down to mortgages and business loans--wait and see on TD. He is holding his shares for now and not adding, though banks are cheaper now historically.
banks
TOP PICK
A great value creator for years. Best Canadian bank in terms of recent Q3 results. Their US division did very well because it's very net-interest margin sensitive, so rising rates help and more than offsets credit loss provisions. Their Canadian business did very well. Their investment bank business-weak across the sector--is relatively small for TD and didn't impact overall results that badly. They are closing their deal of First Horizon Bank, a huge $600+ million of synergy that will create value. (Analysts’ price target is $99.27)
banks
BUY
It should see better scale and a better rate of return. It bought an investment bank in the U.S. and so will see better scale on the investment banking business in the U.S. and Canada. It is at a good price level and the dividend yield is 4.1%. Canadian banks are at a good valuation with lots of capital and room to expand.
banks
WEAK BUY
Building back a position in the banks, but not overweight. Great exposure to US, great performer. Still some concern of a recession. Yield of 4% that grows 7-8% a year is attractive.
banks
TOP PICK
More than half their assets are in the US. Have many branches there. so, their interest rate speakrs (Analysts’ price target is $101.41)
banks
HOLD
No problem with the price. He's not rushing to buy the banks, he's underweight. Risk to earnings growth, mainly because slowing economy and capital markets will increase loan loss provisions. Dividends are still safe. Risk of large US acquisition, bought closer to the peak. Last week's sale of Schwab and purchase of Cowen made sense. He favours BNS and CM in Canada.
banks
TOP PICK
Stockchase Research Editor: Michael O'Reilly As a safe, steady dividend payer TD is selected as a TOP PICK. Trading at 10x earnings and with a PEG ratio under 1.0, it is good value here. It also trades presently at under 2x book value. It continues to beat analyst earnings expectations and supports a 15% ROE. It pays a valuable dividend backed by a payout ratio of under 45% of cash flow. We recommend setting a stop loss at $68, looking to achieve $102 -- upside over 20%. Yield 4.3% (Analysts’ price target is $102.33)
banks
BUY
A US regulatory review could stop TD's takeover of a US company TD is in Elizabeth Warren's focus, but doesn't think it's weighing too much on shares. He's a big believer in Canadian banks, which have come down a bit, though not as badly as global banks. TD remains a core holding.
banks
TOP PICK
Great retail franchise. Trades at 10x earnings, 1.4x book, not expensive. Strong US franchise has suffered, as it's a tough business in the States. In the long run, increased scale will help. Yield is 4.32%. (Analysts’ price target is $101.26)
banks
PAST TOP PICK
(A Top Pick Jul 07/21, Down 1%) Banks are a cornerstone of portfolios. Cater to needs, not wants. Canadian banks are dominant oligopolies. Could be vulnerable to profit losses this year. Net interest margins are compressing. Dividends are safe, likely to grow. Well capitalized. Usually market outperformers.
banks
BUY on WEAKNESS
Core holding, though sometimes you want more or less exposure. In an economic slowdown, as he expects this year, you want to pare back. He owns RY, TD, BMO, and BAM.A. Each has unique aspects that make for good diversification within the sector. Pullbacks provide an opportune chance to buy, put them away, and collect some income. Strong, sustainable, competitive advantages. Strong compounders over time.
banks
PAST TOP PICK
(A Top Pick Jun 16/21, Up 7%) A core bank holding. Banks have pulled back recently but have held up well vs. the whole market and vs. US banks. The sector is well-capitalized. TD has announced it will buy First Horizon to expand TD's southern US presence and is a good use of their capital. TD has been increasing their dividend, now around 4%. TD is a long-term hold and this pullback is a buying opportunity.
banks
Toronto Dominion(TD-T) Rating
Ranking : 5 out of 5
Bullish - Buy Signals / Votes : 29
Neutral - Hold Signals / Votes : 9
Bearish - Sell Signals / Votes : 2
Total Signals / Votes : 40
Toronto Dominion(TD-T) Frequently Asked Questions
What is Toronto Dominion stock symbol?
Toronto Dominion is a Canadian stock, trading under the symbol TD-T on the Toronto Stock Exchange (TD-CT). It is usually referred to as TSX:TD or TD-T
Is Toronto Dominion a buy or a sell?
In the last year, 40 stock analysts published opinions about TD-T. 29 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Toronto Dominion.
Is Toronto Dominion a good investment or a top pick?
Toronto Dominion was recommended as a Top Pick by on . Read the latest stock experts ratings for Toronto Dominion.
Why is Toronto Dominion stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Toronto Dominion worth watching?
40 stock analysts on Stockchase covered Toronto Dominion In the last year. It is a trending stock that is worth watching.
What is Toronto Dominion stock price?
On 2022-09-26, Toronto Dominion (TD-T) stock closed at a price of $84.94.
