Toronto Dominion Bank Stock Buy Hold or Sell Recommendation
| TD Stock | USD 56.82 0.69 1.23% |
Allowing for the 90-day total investment horizon and your above-average risk tolerance, our recommendation regarding Toronto Dominion Bank is 'Hold'. Macroaxis provides Toronto Dominion buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding TD positions. The advice algorithm takes into account all of Toronto Dominion's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Toronto Dominion's buy or sell advice are summarized below:
Real Value 47.88 | Target Price 65.41 | Hype Value 56.82 | Market Value 56.82 | Naive Value 55.81 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Toronto Dominion Bank given historical horizon and risk tolerance towards Toronto Dominion. When Macroaxis issues a 'buy' or 'sell' recommendation for Toronto Dominion Bank, the advice is generated through an automated system that utilizes algorithms and statistical models.
Toronto |
Execute Toronto Dominion Buy or Sell Advice
The Toronto recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Toronto Dominion Bank. Macroaxis does not own or have any residual interests in Toronto Dominion Bank or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Toronto Dominion's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Hold
Market Performance | Very Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Moves indifferently to market moves | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Buy | Details | |
Reporting Quality (M-Score) | Unavailable | Details |
Toronto Dominion Trading Alerts and Improvement Suggestions
| Toronto Dominion generated a negative expected return over the last 90 days | |
| Toronto Dominion Bank reports about 517.19 B in cash with (65.3 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 285.25. | |
| Roughly 59.0% of the company shares are owned by institutional investors | |
| Latest headline from seekingalpha.com: TD Bank upped to Sector Outperform at Scotiabank on limited downside risk |
Toronto Dominion Returns Distribution Density
The distribution of Toronto Dominion's historical returns is an attempt to chart the uncertainty of Toronto Dominion's future price movements. The chart of the probability distribution of Toronto Dominion daily returns describes the distribution of returns around its average expected value. We use Toronto Dominion Bank price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Toronto Dominion returns is essential to provide solid investment advice for Toronto Dominion.
| Mean Return | -0.05 | Value At Risk | -1.66 | Potential Upside | 1.67 | Standard Deviation | 0.99 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Toronto Dominion historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Toronto Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Toronto Dominion is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Toronto Dominion Bank backward and forwards among themselves. Toronto Dominion's institutional investor refers to the entity that pools money to purchase Toronto Dominion's securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Cibc Global Asset Management Inc | 2023-12-31 | 17 M | Manufacturers Life Insurance Co | 2023-12-31 | 16.5 M | Beutel, Goodman & Company Ltd. | 2023-12-31 | 14.6 M | The Toronto-dominion Bank | 2023-12-31 | 13.9 M | Legal & General Group Plc | 2023-12-31 | 13.4 M | Goldman Sachs Group Inc | 2023-12-31 | 12.6 M | Jpmorgan Chase & Co | 2023-12-31 | 12.2 M | Connor Clark & Lunn Inv Mgmt Ltd | 2023-12-31 | 11.7 M | Bank Of America Corp | 2023-12-31 | 11.4 M | Royal Bank Of Canada | 2023-12-31 | 151.3 M | Bank Of Montreal | 2023-12-31 | 107.6 M |
Toronto Dominion Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | 1.6B | (514M) | 2.6B | (1.8B) | (2.1B) | (2.0B) | |
| Free Cash Flow | 230.0B | 49B | 37.5B | (67.1B) | (77.2B) | (73.4B) | |
| Depreciation | 2.1B | 2.1B | 1.8B | 1.9B | 2.2B | 1.2B | |
| Other Non Cash Items | 4.6B | (1.0B) | (981M) | 2.1B | 2.4B | 2.6B | |
| Dividends Paid | 5.0B | 5.6B | 6.7B | 5.8B | 6.7B | 7.0B | |
| Capital Expenditures | 1.8B | 1.1B | 1.5B | 1.8B | 2.1B | 2.2B | |
| Net Income | 13.0B | 14.3B | 17.4B | 10.8B | 12.4B | 7.0B | |
| End Period Cash Flow | 6.4B | 5.9B | 8.6B | 6.7B | 7.7B | 8.1B | |
| Investments | (224.1B) | (42.3B) | (31.9B) | 76.2B | 68.6B | 72.0B | |
| Net Borrowings | (126M) | (550M) | (657M) | (2.4B) | (2.7B) | (2.6B) | |
| Change To Netincome | 4.7B | (711M) | (475M) | 872M | 1.0B | 1.3B |
Toronto Dominion Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Toronto Dominion or Banks sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Toronto Dominion's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Toronto stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | -0.07 | |
β | Beta against NYSE Composite | 0.22 | |
σ | Overall volatility | 0.98 | |
Ir | Information ratio | -0.1 |
Toronto Dominion Volatility Alert
Toronto Dominion Bank exhibits very low volatility with skewness of -0.32 and kurtosis of -0.02. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Toronto Dominion's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Toronto Dominion's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Toronto Dominion Implied Volatility
Toronto Dominion's implied volatility exposes the market's sentiment of Toronto Dominion Bank stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Toronto Dominion's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Toronto Dominion stock will not fluctuate a lot when Toronto Dominion's options are near their expiration.
Toronto Dominion Fundamentals Vs Peers
Comparing Toronto Dominion's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Toronto Dominion's direct or indirect competition across all of the common fundamentals between Toronto Dominion and the related equities. This way, we can detect undervalued stocks with similar characteristics as Toronto Dominion or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Toronto Dominion's fundamental indicators could also be used in its relative valuation, which is a method of valuing Toronto Dominion by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Toronto Dominion to competition |
| Fundamentals | Toronto Dominion | Peer Average |
| Return On Equity | 0.11 | -0.31 |
| Return On Asset | 0.0063 | -0.14 |
| Profit Margin | 0.24 % | (1.27) % |
| Operating Margin | 0.30 % | (5.51) % |
| Current Valuation | 41.09 B | 16.62 B |
| Shares Outstanding | 1.77 B | 571.82 M |
| Shares Owned By Insiders | 0.10 % | 10.09 % |
| Shares Owned By Institutions | 58.76 % | 39.21 % |
| Number Of Shares Shorted | 25.97 M | 4.71 M |
| Price To Earning | 11.50 X | 28.72 X |
| Price To Book | 1.35 X | 9.51 X |
| Price To Sales | 2.01 X | 11.42 X |
| Revenue | 52.93 B | 9.43 B |
| Gross Profit | 49.2 B | 27.38 B |
| EBITDA | 15.86 B | 3.9 B |
| Net Income | 10.78 B | 570.98 M |
| Cash And Equivalents | 517.19 B | 2.7 B |
| Cash Per Share | 285.25 X | 5.01 X |
| Total Debt | 411.43 B | 5.32 B |
| Debt To Equity | 15.20 % | 48.70 % |
| Book Value Per Share | 60.53 X | 1.93 K |
| Cash Flow From Operations | (65.3 B) | 971.22 M |
| Short Ratio | 4.40 X | 4.00 X |
| Earnings Per Share | 4.60 X | 3.12 X |
| Price To Earnings To Growth | 1.09 X | 4.89 X |
| Target Price | 64.98 | |
| Number Of Employees | 103.18 K | 18.84 K |
| Beta | 0.83 | -0.15 |
| Market Capitalization | 100.16 B | 19.03 B |
| Total Asset | 1.96 T | 29.47 B |
| Retained Earnings | 73.04 B | 9.33 B |
| Annual Yield | 0.05 % | |
| Five Year Return | 3.86 % |
Toronto Dominion Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Toronto . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Toronto Dominion Buy or Sell Advice
When is the right time to buy or sell Toronto Dominion Bank? Buying financial instruments such as Toronto Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.| 2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 374.0B | 411.4B | 473.1B | 496.8B | Total Assets | 1.9T | 2.0T | 2.3T | 2.4T |
Use Investing Ideas to Build Portfolios
In addition to having Toronto Dominion in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Toys
Companies producing and distributing toys and different gaming products for kids. The Toys theme has 46 constituents at this time.
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Check out Toronto Dominion Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note that the Toronto Dominion Bank information on this page should be used as a complementary analysis to other Toronto Dominion's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Complementary Tools for Toronto Stock analysis
When running Toronto Dominion's price analysis, check to measure Toronto Dominion's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Toronto Dominion is operating at the current time. Most of Toronto Dominion's value examination focuses on studying past and present price action to predict the probability of Toronto Dominion's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Toronto Dominion's price. Additionally, you may evaluate how the addition of Toronto Dominion to your portfolios can decrease your overall portfolio volatility.
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Is Toronto Dominion's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Toronto Dominion. If investors know Toronto will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Toronto Dominion listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.888 | Dividend Share 3.9 | Earnings Share 4.6 | Revenue Per Share 27.824 | Quarterly Revenue Growth 0.104 |
The market value of Toronto Dominion Bank is measured differently than its book value, which is the value of Toronto that is recorded on the company's balance sheet. Investors also form their own opinion of Toronto Dominion's value that differs from its market value or its book value, called intrinsic value, which is Toronto Dominion's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Toronto Dominion's market value can be influenced by many factors that don't directly affect Toronto Dominion's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Toronto Dominion's value and its price as these two are different measures arrived at by different means. Investors typically determine if Toronto Dominion is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Toronto Dominion's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.