Post by
retiredcf on May 17, 2023 6:37am
Panic-Proof Portfolio
TOP PICK
Toronto Dominion (TD)(TD-T)
16/05/2023
Stockchase Research Editor: Michael O'Reilly
With a market cap of $150 billion and a valuation of 1.52x book value, Canada's second largest bank is a TOP PICK. A US acquisition was cancelled, avoiding the US banking crisis, leaving the company well capitalized and looking for good opportunities. Cash reserves are stable, while paying down debt and buying back shares. It pays a good dividend, backed by a payout ratio under 50% of cash flow. We recommend a stop-loss at $74, looking to achieve $96 -- upside potential of 16%. Yield 4.3%
(Analysts’ price target is $95.77)
Banks
$81.950
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