Toronto Dominion Bank (TD:CA) is poised to release its fourth quarter financial results on Thursday, December 5th, 2024. Analysts, investors and stakeholders are eagerly waiting to see how the bank will perform amid regulatory issues impacting its U.S. operations.
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How has TD Bank’s Performed Over the Past Year?
TD Bank’s last 12-month performance has seen mixed results, with a capital loss of -3.27%, placing it in the bottom 5.26% of its sector. However, the bank provided a dividend return of 4.98%, ranking them better in the sector, at 31.58%. Combining both these factors resulted in a total return of 1.71%, again putting TD in the lower 5.26% of their sector.
With a target price set by Stock Target Advisor at CAD 89.5, which is notably higher than the average analyst target price of CAD 87.32, TD:CA appears to face a projected price change of 12.96% in the next 12 months. Despite the potential, the bank’s stock has received a Stock Target Advisor’s rating of “Sell”.
Sector Analysis: Is TD’s Position Strong?
Within the diversified banks sector, TD:CA holds a precarious position. Among the 15 analysts covering the stock, the average rating leans towards “Buy”, with an average target price of CAD 87.32. The sector’s average 1-month return is 1%, while the average 1-week return stands at 0.2%.
Considering the historical annual results from 2020-2023, TD:CA has demonstrated varying revenue and net income trends within the past four years. Investors will be highly attuned to their EBIT margin trends as a measure of operational profitability.
A Concluding Perspective:
While TD Bank demonstrates strengths in areas like dividend returns and P/B ratio, it grapples with challenges in its capital gains, RoE, RoA, and P/E ratios.
Investors will be keenly watching the upcoming financial results for signs of improvements, particularly in areas of profitability and earnings stability.
Muzzammil is a content writer at Stock Target Advisor. He has been writing stock news and analysis at Stock Target Advisor since 2023 and has worked in the financial domain in various roles since 2020. He has previously worked on an equity research firm that analyzed companies listed on the stock markets in the U.S. and Canada and performed fundamental and qualitative analyses of management strength, business strategy, and product/services forecast as indicated by major brokers covering the stock.
