Headlines about Toronto Dominion Bank (NYSE:TD) (TSE:TD) have been trending somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Toronto Dominion Bank earned a news sentiment score of 0.08 on Accern’s scale. Accern also assigned media stories about the bank an impact score of 47.8357651899211 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the media stories that may have impacted Accern’s rankings:
- ‘Tis the Season for Home Renovations, According to New TD Bank HELOC Survey (finance.yahoo.com)
- The Toronto-Dominion Bank :TD-US: Earnings Analysis: Q4, 2017 By the Numbers : December 6, 2017 (finance.yahoo.com)
- Don’t Let the Earnings Miss Stop You From Buying Toronto-Dominion Bank (ca.finance.yahoo.com)
- Toronto Dominion Bank Named Top 25 Dividend Stock With 3.27% Yield (TD) (nasdaq.com)
- IBD Rating Upgrades: Toronto Dominion Bank Shows Improved Technical Strength (finance.yahoo.com)
Toronto Dominion Bank (NYSE TD) traded down $0.77 during mid-day trading on Wednesday, hitting $57.04. The stock had a trading volume of 1,307,300 shares, compared to its average volume of 1,484,373. The stock has a market cap of $106,513.20, a PE ratio of 13.67, a P/E/G ratio of 1.57 and a beta of 0.88. Toronto Dominion Bank has a 12-month low of $45.18 and a 12-month high of $58.76. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.18.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Wednesday, January 10th will be paid a dividend of $0.466 per share. This represents a $1.86 annualized dividend and a yield of 3.27%. The ex-dividend date of this dividend is Tuesday, January 9th. Toronto Dominion Bank’s dividend payout ratio (DPR) is presently 44.18%.
Toronto Dominion Bank announced that its Board of Directors has initiated a stock repurchase plan on Thursday, August 31st that allows the company to buyback 20,000,000 outstanding shares. This buyback authorization allows the bank to reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s management believes its shares are undervalued.
A number of research analysts have recently weighed in on the company. Zacks Investment Research cut Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research report on Saturday. Bank of America reaffirmed a “buy” rating on shares of Toronto Dominion Bank in a research report on Friday, September 1st. BidaskClub raised Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. Scotiabank raised Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research report on Monday, August 21st. Finally, Macquarie assumed coverage on Toronto Dominion Bank in a research report on Tuesday, October 24th. They set an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $72.50.
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Toronto Dominion Bank Company Profile
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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