The Toronto-Dominion Bank (TSE:TD) Given Average Rating of “Moderate Buy” by Analysts

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) has received a consensus rating of “Moderate Buy” from the thirteen research firms that are presently covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is C$86.65.

TD has been the subject of a number of recent research reports. Jefferies Financial Group boosted their price objective on shares of Toronto-Dominion Bank from C$73.00 to C$82.00 and gave the company a “hold” rating in a report on Monday, August 12th. Scotiabank reduced their price target on Toronto-Dominion Bank from C$87.00 to C$86.00 in a research report on Monday, August 19th. Desjardins lowered their price objective on Toronto-Dominion Bank from C$91.00 to C$90.00 and set a “buy” rating on the stock in a research note on Friday, August 23rd. National Bank Financial upgraded Toronto-Dominion Bank from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 22nd. Finally, Cormark decreased their price target on Toronto-Dominion Bank from C$93.00 to C$91.00 in a research report on Friday, October 11th.

Toronto-Dominion Bank Trading Up 0.7 %

Shares of TSE TD opened at C$77.09 on Wednesday. The firm has a market cap of C$134.91 billion, a P/E ratio of 17.84, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82. The business’s 50 day moving average is C$81.99 and its 200-day moving average is C$79.20. Toronto-Dominion Bank has a 1-year low of C$73.67 and a 1-year high of C$87.99.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last posted its quarterly earnings data on Thursday, August 22nd. The company reported C$2.05 earnings per share for the quarter, missing the consensus estimate of C$2.07 by C($0.02). The firm had revenue of C$14.18 billion for the quarter, compared to the consensus estimate of C$14.12 billion. Toronto-Dominion Bank had a return on equity of 7.33% and a net margin of 15.72%. Analysts forecast that Toronto-Dominion Bank will post 7.2160149 EPS for the current year.

Toronto-Dominion Bank Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 31st were paid a $1.02 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 5.29%. Toronto-Dominion Bank’s payout ratio is currently 94.44%.

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.