The Toronto-Dominion Bank (NYSE: TD) has reported E.P.S. of $-0.14 for its third fiscal quarter (ending July 31) versus $1.53 for the same period a year ago. E.P.S. were $4.26 for the latest four quarters through July 31 versus $7.67 for the same period a year ago.
Recent Price Action
On 8/22/24, The Toronto-Dominion Bank (NYSE: TD) stock declined by -2.2%, closing at $58.45. Moreover, unusually high trading volume at 198% of normal accompanied the decline. Relative to the market the stock has been weak over the last nine months but has risen 0.9% during the last week.
Current PriceTarget Research Rating
TD’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
Toronto-Dominion Bank has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Toronto-Dominion Bank has a very high Appreciation Score of 98 but a slightly negative Power Rating of 30, resulting in the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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