Toronto Dominion Bank (The) (NYSE:TD): Target Tracker on These Shares

Shares of Toronto Dominion Bank (The) (NYSE:TD) currently have an average target price of $65.32. This is the consensus number using estimates provided by polled analysts. Street analysts often give price target projections on stocks that they track.  Price target projections can be calculated using a variety of methods.  Many investors will follow stock target prices, especially when analysts make revisions. A thorough research report will typically provide detailed reasoning for a certain target projection. Some investors may watch sell-side targets very closely and use the information to assist with their own stock analysis.

Investors will be closely tracking stock market movements over the next few months. As we break into the second part of the year, many will be researching what they did right and what they did wrong in the first half. Recent market action may have investors questioning if a major pullback is on the horizon, or if momentum will turn back to the upside. Investors will have to determine if any tweaks will need to be made to the portfolio. If the economic data continues to display optimism, investors may be able to confidently make some moves to help bolster returns. Over the next few quarters, investors will be hoping that modest gains can turn into major gains.

Taking a quick look at analyst opinions, we can see that the current average broker recommendation on shares of Toronto Dominion Bank (The) (NYSE:TD) is presently 1.8. Out of the covering analysts polled by Zacks Research, 4 have put a Strong Buy or Buy rating on the stock. 

As earnings season comes into focus, investors will be closely tracking sell-side estimates. According to analysts polled by Zacks Research, the current quarter EPS consensus estimate is currently sitting at 1.29 for shares of Toronto Dominion Bank (The) (NYSE:TD). The number consists of estimates provided by 4 contributing analysts. For the last reporting period, the company posted a quarterly EPS of 1.18. The consensus estimate for last quarter before the earnings report was 1.31. Looking out further to the next quarter EPS estimate, the consensus is currently resting at 1.36. This consensus estimate includes 3 analysts taken into consideration by Zacks. Shifting the focus to the current fiscal year EPS estimate, the number is currently 4.91. Widening the gaze to the next fiscal year, we can see that the consensus EPS estimate is presently 5.18.

Checking in on stock price activity for Toronto Dominion Bank (The) (NYSE:TD), we have recently seen shares trading near the $56.59 mark. Investors will often track the current stock price in relation to its 52-week high and low levels. The 52-week high is currently $61.82, and the 52-week low is presently $48.31. When the current stock price is trading close to either the 52-week high or 52-week low, investors may pay closer attention to see if there will be a breakthrough that level. Over the past 12 weeks, the stock has seen a change of 13.61%. Going back to the start of the calendar year, we can see that shares have moved 13.82%. Pulling the focus closer to the past 4 weeks, shares have seen a change of 0.75%. Over the past 5 trading days, the stock has moved 2.15%.

Individual investors may be going to great lengths to make their hard earned money work for them in the stock market. The stock market can be a scary place for beginners with little to no experience. Studying the ins and outs of the markets can help provide a solid base for the new investor to work with. Many people will jump into the game thinking they are going to easily make large profits in the market. Although this is a possibility, many investors will learn the hard way that sustaining profits over the long-term can be a tough endeavor. Studying all the different company information can take up a lot of time and energy. Some people just don’t have the time they would like to put into stock market study.