Recent exceptional positive changes in investment behavior have benefitted The Toronto-Dominion Bank (NYSE: TD): positive upside/downside volume developed, the stock’s recent price rise disrupted its longer term downtrend, and its shorter term price trend turned up.
Recent marginal positive changes in fundamentals have benefitted The Toronto-Dominion Bank (NYSE: TD): significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, TD is expected to continue to be an important Value Builder.
Toronto-Dominion Bank has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Toronto-Dominion Bank has a neutral Power Rating of 56 but a good Appreciation Score of 84, triggering the Positive Value Trend Rating.
Recent Price Action
The Toronto-Dominion Bank (NYSE: TD) stock declined slightly by -0.8% on 12/15/23. The stock closed at $62.40. This decline was accompanied by normal trading volume. The stock has been strong relative to the market over the last nine months and has risen 5.1% during the last week.
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