Toronto Dominion Stock Target Price and Analyst Consensus

TD
 Stock
  

USD 64.48  0.29  0.45%   

The current analyst and expert consensus on Toronto Dominion is Hold, with 0 strong sell and 2 strong buy opinions. The current projected Toronto Dominion target price consensus is 51.5 with 4 analyst opinions. The most common way Toronto Dominion Bank analysts use to provide recommendation to the public is financial statements analysis. Many experts also interview Toronto Dominion executives and customers to further validate their buy or sell advice. Note, the total number of analysts currently providing their opinion is not significant to determine adequate consensus on Toronto Dominion. We strongly encourage you to use your own analysis of Toronto Dominion Bank to validate this buy or sell advice. Toronto Dominion buy-or-sell recommendation module provides average expert sentiment on the projected Toronto Dominion Bank target price to derive its highest and lowest estimates based on projected price volatility of 3.791. Additionally, take a look at Macroaxis Advice on Toronto Dominion to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
  

Toronto Dominion Target Price Consensus

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Toronto target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts performance other than comparing it to the past results via a very sophisticated attribution analysis. Toronto target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
Number of Opinions5
Lowered Outlook0
Raized Outlook0
Hold
Most Toronto analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Toronto stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Toronto Dominion Bank, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice   Exposure   Valuation

Toronto Dominion Target Price Projection

Toronto Dominion's current and average target prices are 64.48 and 51.50, respectively. The current price of Toronto Dominion is the price at which Toronto Dominion Bank is currently trading. On the other hand, Toronto Dominion's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.

Current Price

Toronto Dominion Market Quote on 9th of August 2022

Low Price63.9Odds
High Price64.61Odds

64.48

Target Price

Analyst Consensus On Toronto Dominion Target Price

Low Estimate48.0Odds
High Estimate56.0Odds
Number of Analysts4
Standard Deviation3.791

51.5

Note that most analysts generally publish their price targets in research reports on specific companies, along with recommendations for the company's stock.Although price targets are often quoted in the financial news media, there could be a delay between the publication of the latest analyst outlook on Toronto Dominion Bank and the information provided on this page.

Toronto Dominion Analyst Ratings

Toronto Dominion's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Toronto Dominion stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Toronto Dominion's financials, market performance, and future outlook by experienced professionals. Toronto Dominion's historical ratings below, therefore, can serve as a valuable tool for investors.

Analyst Consensus Breakdown

Average Consensus Estimates

About Toronto Dominion Target Price Projections

Toronto Dominion's target price is an analyst's projection of its future price. Price targets can be assigned to all types of securities, from complex investment products to stocks such as Toronto Dominion Bank and even bonds. If the target price is unavailable, it is most likely because there were not enough analyst opinions to come up with a consensus estimate. When setting a price target estimate, an analyst is trying to determine what the Stock is worth and where the price will be in a year from now. Generally, the target price of Toronto depends on its intrinsic valuation, beta (i.e., risk over market), and overall volatility. Most analysts publish their price targets in research reports on specific companies, along with their buy, hold, or sell recommendations. Stock price targets are often quoted in the financial news media. Macroaxis uses multiple feeds to provide overall target price projection for Toronto Dominion Bank including analysis of its current option contracts.
Toronto Dominion's latest option contracts expiring on 2022-08-19 are carrying combined implied volatility of 16.86 with a put-to-call open interest ratio of 1.01 over 43 outstanding agreements suggesting investors are buying slightly more puts than calls on contracts expiring on 2022-08-19. The current put volume is at 273, with calls trading at the volume of 823. This yields a 0.33 put-to-call volume ratio. The Toronto Dominion option chain provides detailed quote and price information for the current Toronto Dominion Bank option contracts. It shows all of Toronto Dominion's listed puts, calls, expiration dates, strike prices, and other pricing information.

Open Interest Against 2022-08-19 Option Contracts

Toronto Dominion option prices can potentially be used to forecast stock returns because most option chains provide information not only about the current prices but also about the future conditions in Toronto Dominion's lending market. For example, when Toronto Dominion's puts are not actively trading or completely missing in the marketplace, investors can use it to internalize expected shorting costs. So if an investor is writing a put option on Toronto Dominion, he or she must hedge the risk by shorting Toronto Dominion stock over its option's life.
The chart above shows Toronto Dominion's distribution of open interest by maturity on contracts that have not yet been settled. The area between the two highest points is the projection of the price at expiration. Toronto Dominion's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Toronto Dominion's option, there is no secondary market available for investors to trade.

Toronto Dominion Maximum Pain Price across 2022-08-19 Option Contracts

Max pain usually refers to a trading concept that asserts that market manipulation can cause the market price of particular securities such as Toronto Dominion close to expiration to expire worthless. According to most research, approximately 10% to 15% of all stock options are exercised, while about 35% expire worthlessly, with roughly 50% traded out before the expiration date. So, Max pain occurs when market makers reach a net positive position across all options at a strike price where option holders stand to lose the most money. By contrast, option sellers may reap the most after selling more options than buying, causing them to expire worthless.
Toronto Dominion's stock options are financial instruments that give investors the right to buy or sell shares of Toronto Dominion Bank common stock at a specified price for a given time period. Generally speaking, an option to purchase or sell Toronto stock makes it part of the underlying stock when the option's price is tied to the movement of the underlying stock. If Toronto Dominion's stock price goes up or down, the stock options follow.
Additionally, take a look at Macroaxis Advice on Toronto Dominion to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.

Toronto Dominion Bank In The Money Call Balance

When Toronto Dominion's strike price is surpassing the current stock price, the option contract against Toronto Dominion Bank stock is said to be in the money. When it comes to buying Toronto Dominion's options that are 'In the Money' or 'Out of the Money', the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
While 'out-of-the-money' option contracts written on Toronto Dominion Bank are typically viewed as the more aggressive, there are potential upsides to purchasing these types of options contracts. For one, the cost to buy an 'Out of the Money' option is lower than the cost to buy an 'In the Money' option. This cost-benefit is due to the fact that at the time of the purchase, 'Out of the Money' contracts have no intrinsic value. So, while the potential for a 100% loss is more significant, the cost and risk to enter the trade are lower.

Toronto Current Options Market Mood

Toronto Dominion's open interest and total value indicators provide investors with the necessary information to digest the overall options buildup for its expiring contracts. In addition, it helps Toronto Stock's traders understand whether a recent fall or rise in the market is unreasonable and if the time has come to take contrarian positions. These ratios are calculated based on options trading volumes and current open interest.

Put-to-Call Open Interest

Put-to-Call Volume

Most options investors, including buyers and sellers of Toronto Dominion's calls and puts, are not very successful. It is estimated that an average options trader loses somewhere between 80% to 90% of the time. Toronto Dominion's option open interest and volume spread between outstanding puts and calls are regarded by many investors as reliable indicators of the overall future market direction. Using current Toronto Dominion's option volume and open interest to make an investment decision is considered a contrarian-sentiment measure that can be utilized in many timing strategies in both derivative and spot marketplace.

Additional Toronto Dominion Value Projection Modules

Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Toronto Dominion is a key component of Toronto Dominion valuation and have some predictive power on the future returns of a Toronto Dominion.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Toronto Dominion's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Toronto Dominion in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
63.1464.6866.22
Details
Intrinsic
Valuation
LowReal ValueHigh
57.3858.9271.25
Details
Naive
Forecast
LowNext ValueHigh
61.4062.9464.48
Details
Earnings
Estimates (4)
LowProjected EPSHigh
3.843.883.97
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Toronto Dominion. Your research has to be compared to or analyzed against Toronto Dominion's peers to derive any actionable benefits. When done correctly, Toronto Dominion's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Toronto Dominion Bank.

Additional Toronto Dominion Value Projection Modules

Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Toronto Dominion is a key component of Toronto Dominion valuation and have some predictive power on the future returns of a Toronto Dominion.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Toronto Dominion's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Toronto Dominion in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
63.1464.6866.22
Details
Intrinsic
Valuation
LowReal ValueHigh
57.3858.9271.25
Details
Naive
Forecast
LowNext ValueHigh
61.4062.9464.48
Details
Earnings
Estimates (4)
LowProjected EPSHigh
3.843.883.97
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Toronto Dominion. Your research has to be compared to or analyzed against Toronto Dominion's peers to derive any actionable benefits. When done correctly, Toronto Dominion's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Toronto Dominion Bank.

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Additionally, take a look at Macroaxis Advice on Toronto Dominion to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon. Note that the Toronto Dominion Bank information on this page should be used as a complementary analysis to other Toronto Dominion's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.

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The data published in Toronto Dominion's official financial statements usually reflect Toronto Dominion's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Toronto Dominion Bank. For example, before you start analyzing numbers published by Toronto accountants, it's critical to develop an understanding of what Toronto Dominion's liquidity, profitability, and earnings quality are in the context of the Financial Services space in which it operates.
Please note, the presentation of Toronto Dominion's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Toronto Dominion's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Toronto Dominion's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Toronto Dominion Bank. Please utilize our Beneish M Score to check the likelihood of Toronto Dominion's management to manipulate its earnings.