TD Direct Investing launched the TD Direct Investing Index on Thursday, a monthly investor sentiment index that provides Canadians with a snapshot of self-directed investing from the past few months to help them better understand the market and stay on top of trends.
TD Direct Investing is a division of TD Waterhouse Canada Inc., a subsidiary of The Toronto-Dominion Bank (TD).
The TD Direct Investing Index provides analysis of market trends and self-directed investor behaviors through unique segmentation, based on demographic and geographic data as well as on trading activities. Canadian investors can get an overview of the trading activity of anonymized self-directed investors from the previous month, and up to the last 13 months.
“With the TD Direct Investing Index , we are helping Canadians make sense of what’s happening in the markets by taking complex insights and investing activity to provide a snapshot of what self-directed investors were doing and how they may have been feeling – were they optimistic or pessimistic about their investing, what they bought, held and sold,” said Raymond Chun, president, TD Direct Investing and EVP, TD Bank Group.
The TD Direct Investing Index allows investors to apply filters based on demographic groups and key industries. It also provides a monthly “sentiment score” measured on a scale, from very bullish to very bearish. (See Toronto-Dominion Bank stock charts on TipRanks)
On September 7, Barclays analyst John Aiken upgraded TD to Buy from Hold, with an unchanged price target of C$89. This implies 6.9% upside potential.
Aiken sees “several catalysts” that could lead to relative multiple expansion, including the bank’s excessive capital.
Overall, TD scores a Moderate Buy rating among Wall Street analysts, based on three Buys and five Holds. The average Toronto-Dominion Bank price target of C$92.57 implies 11.2% upside potential to current levels.
TipRanks’ Smart Score
TD scores a 9 out of 10 on TipRanks’ Smart Score rating system, indicating that the stock returns are likely to beat the overall market.