Is Buying All-time Stock Like Toronto-Dominion Bank a Winning Strategy?

 Is Buying All time Stock Like Toronto Dominion Bank a Winning Strategy?

The stock of Toronto-Dominion Bank (TSE:TD) reached all time high today, Nov, 11 and still has $75.76 target or 23.00% above today’s $61.59 share price. This indicates more upside for the $116.83 billion company. This technical setup was reported by Barchart.com. If the $75.76 PT is reached, the company will be worth $26.87B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 606,759 shares traded hands. Toronto-Dominion Bank (TSE:TD) has risen 14.27% since April 7, 2016 and is uptrending. It has outperformed by 8.13% the S&P500.

Toronto-Dominion Bank (TSE:TD) Ratings Coverage

Out of 6 analysts covering Toronto-Dominion Bank (TSE:TD), 4 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 67% are positive. $69 is the highest target while $44 is the lowest. The $61.58 average target is -0.02% below today’s ($61.59) stock price. Toronto-Dominion Bank has been the topic of 26 analyst reports since August 29, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating by RBC Capital Markets given on Friday, May 27. As per Wednesday, September 21, the company rating was maintained by Dundee Securities. The firm has “Buy” rating given on Wednesday, December 9 by Canaccord Genuity. As per Tuesday, October 25, the company rating was maintained by Scotia Capital. As per Wednesday, November 2, the company rating was maintained by RBC Capital Markets. RBC Capital Markets maintained the shares of TD in a report on Tuesday, October 25 with “Outperform” rating.

More notable recent Toronto-Dominion Bank (TSE:TD) news were published by: Business.Financialpost.com which released: “Toronto-Dominion Bank raising rates, variable rate mortgage customers to face …” on November 01, 2016, also Bloomberg.com with their article: “TD Ameritrade, TD Bank Said Near $4 Billion Scottrade Deal” published on October 23, 2016, Stltoday.com published: “TD Ameritrade said to join with Toronto-Dominion Bank to bid for Scottrade” on October 20, 2016. More interesting news about Toronto-Dominion Bank (TSE:TD) were released by: Fool.ca and their article: “Toronto-Dominion Bank: The Right Time to Buy?” published on October 31, 2016 as well as Fool.ca‘s news article titled: “Why Toronto-Dominion Bank Is the Best of the Big 5” with publication date: October 28, 2016.

The Toronto-Dominion Bank operates as a bank in North America. The company has a market cap of $116.83 billion. The Bank is an online financial services firm, with over 10.2 million online and mobile customers. It has a 13.89 P/E ratio. The Company’s divisions include Canadian Retail, U.S.

TD.TO Company Profile

The Toronto-Dominion Bank (the Bank), incorporated on June 22, 1998, operates as a bank in North America. The Bank is an online financial services firm, with approximately 10.2 million online and mobile customers. The Bank conducts its business through the divisions, which include Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. The Canadian Retail segment provides a range of financial services and products to clients in the Canadian personal and commercial banking businesses. The U.S. Retail segment consists of the Bank’s retail and commercial banking activities operating under the brand TD Bank, and wealth management services in the United States. The Wholesale Banking segment provides a range of capital markets, investment banking, and corporate banking services and products, including underwriting and distribution of new debt and equity issues, providing advice on strategic acquisitions and divestitures, and meeting the daily trading, funding and investment needs of its clients. The Corporate segment includes the impact of treasury and balance sheet management activities.

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