Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Toronto Dominion Bank (NYSE:TD) Share Price
Media coverage about Toronto Dominion Bank (NYSE:TD) (TSE:TD) has trended somewhat positive on Tuesday, Accern reports. The research firm rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Toronto Dominion Bank earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned media headlines about the bank an impact score of 45.8353980905766 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- Billion-Dollar Broker Workstation Vs. $5,000 DIY Financial Advisor MacBook Platform (finance.yahoo.com)
- RRSP Investors: Should BCE Inc. or Toronto-Dominion Bank Be in Your Portfolio? (ca.finance.yahoo.com)
- Eye on the Industry (themreport.com)
- BRIEF-Td Bank Group To Make Changes In Presentation Of Certain Financial Information Related To The Adoption Of IFRS 9, Financial Instruments (reuters.com)
- Enbridge Inc. vs. Toronto-Dominion Bank: Which Stock Is a Better Buy for a TFSA? – The Motley Fool Canada (fool.ca)
A number of research analysts recently commented on TD shares. Canaccord Genuity reiterated a “buy” rating and issued a $80.00 price objective on shares of Toronto Dominion Bank in a report on Thursday, November 30th. Macquarie began coverage on Toronto Dominion Bank in a research note on Tuesday, October 24th. They set an “outperform” rating on the stock. Zacks Investment Research lowered Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Finally, Scotiabank reaffirmed a “buy” rating and set a $83.00 price objective on shares of Toronto Dominion Bank in a research report on Wednesday, November 22nd. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $72.50.
Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings data on Thursday, November 30th. The bank reported $1.09 EPS for the quarter, missing the Zacks’ consensus estimate of $1.11 by ($0.02). The firm had revenue of $7.42 billion during the quarter, compared to analyst estimates of $7.13 billion. Toronto Dominion Bank had a net margin of 23.09% and a return on equity of 15.17%. research analysts expect that Toronto Dominion Bank will post 4.61 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 10th will be issued a $0.466 dividend. The ex-dividend date is Tuesday, January 9th. This represents a $1.86 dividend on an annualized basis and a yield of 3.09%. Toronto Dominion Bank’s dividend payout ratio (DPR) is presently 44.42%.
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About Toronto Dominion Bank
Toronto-Dominion Bank (the Bank) is a Canada-based bank, which operates in the North America. It is an online financial services firm, with over 10.2 million online and mobile customers. Its segments include Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. The Canadian Retail segment provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses.
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