Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
Trade-Ideas LLC identified
) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Toronto-Dominion Bank as such a stock due to the following factors:
- TD has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $29.5 million.
- TD has traded 345,174 shares today.
- TD is trading at a new lifetime high.
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More details on TD:
The Toronto-Dominion Bank, together with its subsidiaries, provides financial and banking services in North America and internationally. The company's Canadian Personal and Commercial Banking segment offers various financial products and services to personal and small business customers. The stock currently has a dividend yield of 3.6%. TD has a PE ratio of 29.8. Currently there are 5 analysts that rate Toronto-Dominion Bank a buy, no analysts rate it a sell, and 1 rates it a hold.
The average volume for Toronto-Dominion Bank has been 508,100 shares per day over the past 30 days. Toronto-Dominion has a market cap of $82.4 billion and is part of the financial sector and banking industry. Shares are up 6% year to date as of the close of trading on Friday.
rates Toronto-Dominion Bank as a
. The company's strengths can be seen in multiple areas, such as its expanding profit margins, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
Highlights from the ratings report include:
- The gross profit margin for TORONTO DOMINION BANK is currently very high, coming in at 80.35%. It has increased from the same quarter the previous year. Along with this, the net profit margin of 19.79% is above that of the industry average.
- Net operating cash flow has significantly increased by 53.22% to $11,472.00 million when compared to the same quarter last year. In addition, TORONTO DOMINION BANK has also vastly surpassed the industry average cash flow growth rate of -41.08%.
- Compared to where it was 12 months ago, the stock is up, but it has so far lagged the appreciation in the S&P 500. Looking ahead, unless broad bear market conditions prevail, we still see more upside potential for this stock, despite the fact that it has already risen over the past year.
- Regardless of the drop in revenue, the company managed to outperform against the industry average of 5.4%. Since the same quarter one year prior, revenues slightly dropped by 1.2%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
- TORONTO DOMINION BANK's earnings per share declined by 11.2% in the most recent quarter compared to the same quarter a year ago. This company has not demonstrated a clear trend in earnings over the past 2 years, making it difficult to accurately predict earnings for the coming year. During the past fiscal year, TORONTO DOMINION BANK increased its bottom line by earning $6.77 versus $6.42 in the prior year.
- You can view the full Toronto-Dominion Bank Ratings Report.