RE:RE:G&MThanks Possibleidiot01 for the consolidated analysts PT list!
So let's see:
- The average PT by 7 of the 8 analysts (excluding National) is $86.93.
- The average PT of all 8 analysts (including National) is $85.44.
- Yet the PT by the National analyst was just lowered to $75.00.
And so what does the National analyst see that the other 7 don't? Is it just possible that National is trying to capitalize on TD's situation in hopes of capturing a bit of TDs Canadian business considering they are a direct TD competitor? Does the National analyst have information the others don't?
As of today's close, National Bank has a market cap of $39 Billion CAD while TD, even after the share price beat down they've taken has a market cap of $137 Billion CAD.
The National analyst's share price downgrade to $75.00 and his outlier doom and gloom assessment for TD's future apparently based on what he believes is a worse case scenario is interesting and yet suspect at the same time in that most other analysts openly admit that the eventually outcome is near impossible to know let alone predict without more information from US regulators, yet the National analysts must somehow know what's to come for TD. Or does he?
This National analyst outlier opinion appears to be a situation where the small dog is barking at the BIG dog after the BIG dog just got a talking to by his master and the BIG dog is just sitting and tolerating it. But sometimes the small dog doesn't know when to stop barking, and as we all know, the BIG dog always wins and the small dog just wanders off with their tail between their legs.
And so the lesson the small dog needs to learn here is that the TD BIG dog with a $137 Billion market cap, could eat the little dog for lunch and spit out the bones and after a couple of good burps go about their day! My advice to the little dog is to go back into your tiny dog house before the BIG dog has had enough and learn from the other BIG and Medium dogs that clearly know their place.
TD had a nice run up today and with the US markets closed Monday, don't be surprised to see TD run up some more on Monday. For those that bought yesterday as I did, we''ll do just fine and after Monday will be just a little bit closer to the average analyst's PT of $85.44.
My opinion only, please DYODD.
HB77