Toronto-Dominion Bank (TSX:TD) Stock Forecast & Analyst Predictions

Future criteria checks 1/6

Toronto-Dominion Bank is forecast to grow earnings and revenue by 7% and 3.2% per annum respectively. EPS is expected to grow by 7% per annum. Return on equity is forecast to be 13.4% in 3 years.

Key information

7.0%

Earnings growth rate

7.0%

EPS growth rate

Banks earnings growth	5.9%
Revenue growth rate	3.2%
Future return on equity	13.4%
Analyst coverage	Good
Last updated	17 Apr 2024

Recent future growth updates

Recent updates

Toronto-Dominion Bank (TSE:TD) Is Increasing Its Dividend To CA$0.96

Mar 07

Here's Why We Think Toronto-Dominion Bank (TSE:TD) Is Well Worth Watching

Jan 29

Here's Why I Think Toronto-Dominion Bank (TSE:TD) Is An Interesting Stock

Mar 29

Toronto-Dominion Bank's (TSE:TD) Dividend Will Be Increased To CA$0.89

Dec 21

Here's Why We Think Toronto-Dominion Bank (TSE:TD) Is Well Worth Watching

Dec 01

Earnings and Revenue Growth Forecasts

TSX:TD - Analysts future estimates and past financials data (CAD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
10/31/2026	57,919	14,325	N/A	N/A	3
10/31/2025	52,770	13,041	N/A	N/A	11
10/31/2024	50,387	12,057	N/A	N/A	11
1/31/2024	50,403	11,471	-57,870	-55,958	N/A
10/31/2023	49,201	10,219	-41,659	-39,815	N/A
7/31/2023	50,237	14,092	-45,578	-43,827	N/A
4/30/2023	48,798	14,374	-39,284	-37,793	N/A
1/31/2023	48,043	14,978	-51,697	-50,173	N/A
10/31/2022	47,741	17,170	-68,264	-66,810	N/A
7/31/2022	43,859	14,324	-23,082	-21,731	N/A
4/30/2022	44,034	14,642	-17,891	-16,508	N/A
1/31/2022	43,627	14,527	38,323	39,483	N/A
10/31/2021	42,917	14,049	55,494	56,623	N/A
7/31/2021	42,780	15,410	20,681	21,772	N/A
4/30/2021	40,508	14,101	65,456	66,573	N/A
1/31/2021	37,213	11,918	12,656	14,007	N/A
10/31/2020	36,404	11,628	-12,302	-11,041	N/A
7/31/2020	34,926	9,337	3,475	4,632	N/A
4/30/2020	36,293	10,343	-22,566	-21,608	N/A
1/31/2020	38,578	12,006	9,548	10,381	N/A
10/31/2019	38,036	11,416	51,726	53,111	N/A
7/31/2019	38,053	11,519	38,526	39,365	N/A
4/30/2019	37,547	11,361	7,607	8,508	N/A
1/31/2019	36,878	11,097	-25,231	-24,471	N/A
10/31/2018	36,412	11,048	-48,273	-47,686	N/A
7/31/2018	35,638	10,784	-54,184	-53,553	N/A
4/30/2018	35,081	10,449	-9,901	-9,588	N/A
1/31/2018	34,128	10,030	-3,869	-3,456	N/A
10/31/2017	33,986	10,203	N/A	-14,023	N/A
7/31/2017	33,438	9,807	N/A	-10,019	N/A
4/30/2017	32,802	9,407	N/A	-73,305	N/A
1/31/2017	32,504	8,967	N/A	-6,646	N/A
10/31/2016	31,985	8,680	N/A	-44,484	N/A
7/31/2016	31,326	8,233	N/A	-10,176	N/A
4/30/2016	30,750	8,153	N/A	-26,787	N/A
1/31/2016	30,459	7,973	N/A	-50,622	N/A
10/31/2015	29,743	7,813	N/A	-73,139	N/A
7/31/2015	29,286	7,716	N/A	-100,249	N/A
4/30/2015	28,888	7,558	N/A	-66,701	N/A
1/31/2015	28,547	7,673	N/A	-83,369	N/A
10/31/2014	28,404	7,633	N/A	-46,146	N/A
7/31/2014	27,971	7,486	N/A	-47,915	N/A
4/30/2014	27,408	6,890	N/A	-49,735	N/A
1/31/2014	26,555	6,610	N/A	-44,381	N/A
10/31/2013	25,628	6,350	N/A	-37,165	N/A
7/31/2013	26,782	6,321	N/A	-23,471	N/A
4/30/2013	25,577	6,490	N/A	-29,234	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: TD's forecast earnings growth (7% per year) is above the savings rate (2%).

Earnings vs Market: TD's earnings (7% per year) are forecast to grow slower than the Canadian market (12.1% per year).

High Growth Earnings: TD's earnings are forecast to grow, but not significantly.

Revenue vs Market: TD's revenue (3.2% per year) is forecast to grow slower than the Canadian market (6.6% per year).

High Growth Revenue: TD's revenue (3.2% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

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Toronto-Dominion Bank (TSX:TD) Stock Forecast & Analyst Predictions - Simply Wall St (2024)

FAQs

Is Toronto Dominion a good stock to buy? ›

So far, this is a pretty solid story -- the bank is investment-grade rated and has a long history of paying dividends (it has paid a dividend continuously since 1857). And it supported its dividend right through the Great Recession, unlike some of the largest U.S. banks.

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What is the TSX TD forecast? ›

Toronto-Dominion Bank is forecast to grow earnings and revenue by 7% and 3.2% per annum respectively. EPS is expected to grow by 7% per annum. Return on equity is forecast to be 13.4% in 3 years.

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What is the stock price prediction for TD Canada? ›

TD Stock 12 Month Forecast

Based on 10 Wall Street analysts offering 12 month price targets for Toronto Dominion Bank in the last 3 months. The average price target is C$87.80 with a high forecast of C$95.68 and a low forecast of C$80.73.

Keep Reading ›

What is the price target for Toronto-Dominion Bank? ›

Stock Price Targets

High	$67.25
Median	$64.00
Low	$59.85
Average	$63.70
Current Price	$56.13

Read The Full Story ›

Is Toronto Dominion a buy or sell? ›

Toronto Dominion Bank's analyst rating consensus is a Moderate Buy. This is based on the ratings of 10 Wall Streets Analysts.

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Is Dominion a good stock to buy? ›

Is Dominion Energy stock a Buy, Sell or Hold? Dominion Energy stock has received a consensus rating of hold. The average rating score is and is based on 22 buy ratings, 48 hold ratings, and 3 sell ratings.

What is the volatility of TD Bank stock? ›

TD implied volatility (IV) is 17.2, which is in the 38% percentile rank. This means that 38% of the time the IV was lower in the last year than the current level. The current IV (17.2) is -4.4% below its 20 day moving average (18.0) indicating implied volatility is trending lower.

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How many shares does TD have? ›

1,772,141,283 shares as of January 31, 2024.

Is Dominion a buy or sell? ›

Dominion Energy has a conensus rating of Hold which is based on 2 buy ratings, 7 hold ratings and 1 sell ratings. What is Dominion Energy's price target? The average price target for Dominion Energy is $51.14. This is based on 10 Wall Streets Analysts 12-month price targets, issued in the past 3 months.

Will Dominion stock go up? ›

Based on short-term price targets offered by 12 analysts, the average price target for Dominion Energy comes to $49.92. The forecasts range from a low of $43.00 to a high of $53.00. The average price target represents a decline of 2.88% from the last closing price of $51.40.

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How much debt is Toronto Dominion Bank in? ›

Total debt on the balance sheet as of January 2024 : $298.37 B. According to Toronto Dominion Bank's latest financial reports the company's total debt is $298.37 B. A company's total debt is the sum of all current and non-current debts.

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Why is Dominion stock so low? ›

Dominion Energy's stock is trading at low multiples due to low sentiment and the decline in interest in the utilities sector.

Learn More Now ›

Is CTV a good stock to buy? ›

Based on analyst ratings, Innovid's 12-month average price target is $2.78. Innovid has 35.61% upside potential, based on the analysts' average price target. Innovid has a conensus rating of Strong Buy which is based on 3 buy ratings, 1 hold ratings and 0 sell ratings.

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Is TSN a good stock to buy? ›

TSN is a #1 (Strong Buy) on the Zacks Rank, with a VGM Score of A. It also boasts a Value Style Score of A thanks to attractive valuation metrics like a forward P/E ratio of 23.89; value investors should take notice.

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Should I buy GCT stock? ›

To Conclude

GCT looks like a compelling buy ahead of its first-quarter results as it is trading dirt cheap when compared to its industry, and both top and bottom-line growth prospects look healthy for the current year. GCT currently sports a Zacks Rank #1 (Strong Buy).

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Toronto-Dominion Bank (TSX:TD) Stock Forecast & Analyst Predictions - Simply Wall St (2024)

Future criteria checks 1/6

Key information

Recent future growth updates

Recent updates

Toronto-Dominion Bank (TSE:TD) Is Increasing Its Dividend To CA$0.96

Here's Why We Think Toronto-Dominion Bank (TSE:TD) Is Well Worth Watching

Here's Why I Think Toronto-Dominion Bank (TSE:TD) Is An Interesting Stock

Toronto-Dominion Bank's (TSE:TD) Dividend Will Be Increased To CA$0.89

Here's Why We Think Toronto-Dominion Bank (TSE:TD) Is Well Worth Watching

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

Discover growth companies

FAQs

Is Toronto Dominion a good stock to buy? ›

What is the volatility of TD Bank stock? ›

References