The Toronto-Dominion Bank (TSE:TD) Receives Consensus Rating of “Hold” from Brokerages

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) has earned a consensus recommendation of “Hold” from the thirteen ratings firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$87.42.

A number of analysts have recently issued reports on TD shares. BMO Capital Markets lifted their price target on Toronto-Dominion Bank from C$84.00 to C$94.00 in a research report on Monday, November 18th. Bank of America lifted their price target on Toronto-Dominion Bank from C$85.00 to C$90.00 in a research report on Friday, August 23rd. CIBC dropped their price target on Toronto-Dominion Bank from C$96.00 to C$93.00 in a research report on Tuesday, November 26th. Cormark dropped their target price on Toronto-Dominion Bank from C$93.00 to C$91.00 in a research report on Friday, October 11th. Finally, National Bank Financial upgraded Toronto-Dominion Bank from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 22nd.

Toronto-Dominion Bank Trading Down 0.2 %

Shares of TD opened at C$79.23 on Friday. The company has a market cap of C$138.65 billion, a PE ratio of 18.34, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82. The stock has a 50-day moving average price of C$80.72 and a 200-day moving average price of C$79.17. Toronto-Dominion Bank has a 12-month low of C$73.67 and a 12-month high of C$87.99.

Toronto-Dominion Bank Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 31st were paid a dividend of $1.02 per share. The ex-dividend date was Thursday, October 10th. This represents a $4.08 annualized dividend and a dividend yield of 5.15%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 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.