BUY

Likes it. Too bad it had to give up on First Horizon. Good footprint in the US. Will have to grow organically, which will take longer than by acquisition. Banks with US exposure will have a tougher slog. But over the longer term, that's how they'll grow because it's such a larger market than Canada. 

banks
BUY

He's getting a little more positive on Canadian banks. He added some TD recently after they cancelled the First Horizon purchase which is a long-term positive, despite worries of TD not growing in the US because of regulatory concerns. Their recent numbers weren't that bad. Their capital ratios are outstandingly good. They won't raise dividends, but they could buyback shares and do an accretive buy in the US. Housing will be a slight headwind, capital markets will slow down and loan loss provisions will rise--but we all know that. It trades at 8x PE and has wads of excess capital. You can do worse than wading a bit into the banks.

banks
TOP PICK

Be cautious: stock might be breaking down, and he may have to sell. (Top Picks were submitted last week.) He'll give it a week or two. Potential to bounce, but keep an eye on it. (At this point, he likes the SU trade better as a Top Pick.) He only has 2% exposure. You always leg in, as it saves you from bad trades, which are part of the business. Yield is 4.88%.

(Analysts’ price target is $97.96)
banks
BUY

One of the best-managed banks in Canada. Great acquisitions in the States. Issue is they're being hit on deposits with higher interest rates. Long runway.

banks
BUY

Now has some $20B in excess capital. Good position to be in if they decide on another acquisition, it's a buyer's market. Could increase dividends, buy back shares. Nothing fundamentally broken. Should grow earnings and dividends at high single-digit pace. Good 5% dividend yield. Timely entry point.

banks
TOP PICK

Likes the sector. Stock's attractively priced given overhangs of failed acquisition and SCHW issues. Attractive multiple, both historically and relative to peers. Lots of excess cash. Yield is 4.70%.

(Analysts’ price target is $98.18)
banks
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Stockchase Research Editor: Michael O'Reilly

With a market cap of $150 billion and a valuation of 1.52x book value, Canada's second largest bank is a TOP PICK.  A US acquisition was cancelled, avoiding the US banking crisis, leaving the company well capitalized and looking for good opportunities.  Cash reserves are stable, while paying down debt and buying back shares.  It pays a good dividend, backed by a payout ratio under 50% of cash flow.  We recommend a stop-loss at $74, looking to achieve $96 -- upside potential of 16%.  Yield 4.3%

(Analysts’ price target is $95.77)
banks
BUY

It has the largest capital base of all Canadian banks. It has fallen to third place, price-wise, related to the other major Canadian banks so is attractive to buy now. National Bank now has the second best P/E.

banks
TOP PICK

Trades way too cheap at 1.4x book. Strong fundamentals. Great retail franchise in both Canada and US. Lots of capital. Still opportunity to do a deal in the US. Very safe, despite stock price volatility. Canadian banks are in very good shape. Yield is 4.73%.

(Analysts’ price target is $98.18)
banks
TOP PICK

Very well run, high quality, blue chip. Good brand and business model, solid balance sheet. Top 10 bank in NA. Canadian retail division generates 60% of revenues, US retail about 25%, wholesale banking represents 10%. 

First Horizon acquisition would make it a Top 6 in the US. TD can go ahead with the purchase, walk away, or renegotiate. Lots of faith in management, can create value. US banking turmoil will put pressure on valuation of Canadian banks with exposure to US. Yield is 4.69%.

(Analysts’ price target is $101.26)
banks
BUY

He likes Canadian banks. TD has fallen alot over concerns of their First Horizon deal in the U.S. not closing, but regulators would want Horizon to be in strong hands (TD) after what's happened with SVB, etc. Canadian banks are very different from US ones, given heavier regulation here. Canadian banks are safe. TD has great retail operations in Canada and US. He expects the Horizon deal to happen and benefit TD.

banks
TOP PICK

Hasn't underperformed peers in quite a while, so this is a rare position for it. Its acquisition hasn't closed yet, and there's a lot of noise in US banking. He expects positive news on the acquisition, which has shrinking deposits but very strong profitability. Makes sense for TD to ask for a price cut on the purchase. A really good asset, would give them another platform for growth.

Stable business model. Discounted valuation at 9x earnings. Rare chance to buy at a discount to peers. Yield is 4.61%.

(Analysts’ price target is $99.17)
banks
BUY

It's fall was overdone. He's recently added. Not without its risks, banking sector is not a screaming buy. For those with a long time horizon, worth adding to on any checkback, even if there's some short-term volatility. Even with the risk of SCHW exposure, the risk seems to be fully baked in, especially when trading in the mid-high $70s.

banks
BUY

Modest beat last quarter, the only bank that had positive operating leverage. Margins good, but slowing. Modelling 8% growth, trading at 8x 2024 earnings. Bank turmoil has brought some names down more than they should, and this is one of them.

banks
BUY

With the pullback it is at a good entry point for income and its dividend will grow. A lot of shorts have brought the price down. The Canadian banks are much more insulated than the U.S. regional banks from commercial real estate concerns since only 3% of the loans book is related to office space.

banks
Showing 1 to 15 of 1,986 entries

Toronto Dominion (TD)(TD-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 31

Neutral - Hold Signals / Votes : 8

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 40

Stockchase rating for Toronto Dominion (TD) is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Toronto Dominion (TD)(TD-T) Frequently Asked Questions

What is Toronto Dominion (TD) stock symbol?

Toronto Dominion (TD) 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 (TD) a buy or a sell?

In the last year, 40 stock analysts published opinions about TD-T. 31 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Toronto Dominion (TD).

Is Toronto Dominion (TD) a good investment or a top pick?

Toronto Dominion (TD) was recommended as a Top Pick by on . Read the latest stock experts ratings for Toronto Dominion (TD).

Why is Toronto Dominion (TD) 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 (TD) worth watching?

40 stock analysts on Stockchase covered Toronto Dominion (TD) In the last year. It is a trending stock that is worth watching.

What is Toronto Dominion (TD) stock price?

On 2023-06-02, Toronto Dominion (TD) (TD-T) stock closed at a price of $78.89.