Is TD worth buying at this price

The Toronto-Dominion Bank (TD) remains a strong investment candidate, despite recent fluctuations in its stock price:

1. Stable Financial Performance: TD reported a net income of $1.86 billion and a diluted EPS of $0.98 for the most recent quarter. The company's total revenue was $10.05 billion, with a year-on-year growth rate of 10.16%. These figures indicate a solid financial foundation and growth potential.
2. Valuation Metrics: The P/E ratio is 12.26, which is within the range of industry peers and suggests that the stock is not overvalued relative to its earnings. The P/B ratio is 1.3, which is reasonable for a bank stock, indicating that the market values the company's assets at a premium. The P/S ratio is not provided, but given the stable revenue growth, it is likely to be within industry norms.
3. Analyst Ratings and Price Targets: TD has a consensus rating of "Strong Buy" with an average price target of $89, which is significantly higher than the current trading price. This suggests that analysts believe the stock has potential to appreciate from its current price.
4. Market Sentiment: The stock has been trading within a range of C$72.70 to C$84.78 over the past 12 months, indicating a level of stability and investor confidence in the company's performance.
5. Dividend Yield: TD pays a quarterly dividend of C$1.02, representing an annual dividend yield of 5.18%. This is a competitive yield for investors seeking income from their investments.
6. Strategic Initiatives: TD has launched a tech-focused banking unit to enhance its presence in the technology sector, which could provide new growth opportunities.
7. Regulatory Challenges: TD is facing regulatory probes related to money-laundering allegations, which could lead to fines and reputational risks. However, the company has set aside funds to cover potential fines, and the regulatory landscape is constantly evolving.

In conclusion, TD's strong financial performance, stable valuation metrics, positive analyst ratings, and strategic initiatives make it a compelling investment opportunity. However, investors should be aware of the regulatory challenges and the potential impact on the company's reputation and financials. As always, investors should carefully consider their risk tolerance and investment goals before making any investment decisions.