Toronto-Dominion Bank (TSE:TD) Sets New 1-Year Low at $73.67

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD)’s stock price hit a new 52-week low on Friday . The company traded as low as C$73.67 and last traded at C$73.78, with a volume of 7102960 shares. The stock had previously closed at C$73.93.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. CIBC upgraded shares of Toronto-Dominion Bank from a “neutral” rating to an “outperform” rating and upped their price target for the company from C$83.50 to C$88.00 in a research report on Friday, May 24th. Royal Bank of Canada increased their price target on shares of Toronto-Dominion Bank from C$87.00 to C$89.00 and gave the stock an “outperform” rating in a research note on Friday, May 24th. BMO Capital Markets lowered their target price on shares of Toronto-Dominion Bank from C$86.00 to C$84.00 and set a “market perform” rating on the stock in a research note on Friday, May 24th. Jefferies Financial Group lowered their target price on shares of Toronto-Dominion Bank from C$76.00 to C$73.00 and set a “hold” rating on the stock in a research note on Thursday, June 6th. Finally, Cibc World Mkts upgraded shares of Toronto-Dominion Bank from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 24th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Toronto-Dominion Bank has an average rating of “Moderate Buy” and an average target price of C$87.32.

Toronto-Dominion Bank Stock Performance

The firm’s 50-day moving average price is C$77.10 and its 200 day moving average price is C$80.13. The company has a market cap of C$130.17 billion, a price-to-earnings ratio of 12.58, a PEG ratio of 1.08 and a beta of 0.82.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last issued its quarterly earnings data on Thursday, May 23rd. The company reported C$2.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.84 by C$0.20. The firm had revenue of C$13.82 billion during the quarter, compared to analysts’ expectations of C$13.38 billion. Toronto-Dominion Bank had a net margin of 21.91% and a return on equity of 9.89%. As a group, equities research analysts predict that The Toronto-Dominion Bank will post 7.8691589 EPS for the current fiscal year.

Toronto-Dominion Bank Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 10th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 5.52%. The ex-dividend date is Wednesday, July 10th. Toronto-Dominion Bank’s payout ratio is currently 69.39%.

About Toronto-Dominion Bank

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.