The Toronto-Dominion Bank (TSE:TD) Given Consensus Recommendation of “Hold” by Analysts

Shares of The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) have received an average rating of “Hold” from the thirteen research firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$86.50.

A number of brokerages have recently issued reports on TD. Scotiabank downgraded shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and cut their price target for the company from C$98.00 to C$81.00 in a report on Friday, December 6th. Jefferies Financial Group upgraded shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating and lifted their price target for the company from C$82.00 to C$90.00 in a research report on Thursday, December 12th. BMO Capital Markets raised Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating and set a C$90.00 price target on the stock in a research note on Thursday, December 19th. Desjardins downgraded Toronto-Dominion Bank from a “moderate buy” rating to a “hold” rating in a research note on Thursday, December 5th. Finally, Cormark decreased their target price on Toronto-Dominion Bank from C$99.00 to C$94.00 in a research report on Friday, December 6th.

Toronto-Dominion Bank Price Performance

Shares of TD stock opened at C$76.22 on Thursday. The business’s fifty day moving average price is C$77.67 and its 200 day moving average price is C$79.11. The firm has a market capitalization of C$133.39 billion, a PE ratio of 17.64, a P/E/G ratio of 1.22 and a beta of 0.82. Toronto-Dominion Bank has a 1-year low of C$73.22 and a 1-year high of C$87.99.

Toronto-Dominion Bank Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 31st were paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 5.35%. The ex-dividend date of this dividend was Thursday, October 10th. Toronto-Dominion Bank’s payout ratio is 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.