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

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) has been assigned an average recommendation of “Hold” from the thirteen brokerages that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$86.83.

Several equities research analysts have issued reports on TD shares. Canaccord Genuity Group boosted their price objective on shares of Toronto-Dominion Bank from C$87.00 to C$89.00 in a research note on Monday, December 16th. BMO Capital Markets raised shares of Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating and set a C$90.00 price target for the company in a research report on Thursday, December 19th. Desjardins downgraded Toronto-Dominion Bank from a “moderate buy” rating to a “hold” rating in a report on Thursday, December 5th. Scotiabank cut Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from C$98.00 to C$81.00 in a research note on Friday, December 6th. Finally, Barclays lowered Toronto-Dominion Bank from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 21st.

Toronto-Dominion Bank Price Performance

Toronto-Dominion Bank stock opened at C$83.13 on Monday. The company has a market cap of C$145.48 billion, a price-to-earnings ratio of 19.24, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82. Toronto-Dominion Bank has a 12 month low of C$73.22 and a 12 month high of C$87.99. The stock’s 50-day moving average is C$77.59 and its 200-day moving average is C$79.49.

Toronto-Dominion Bank Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 31st will be paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 5.05%. The ex-dividend date is Friday, January 10th. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $1.02. 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.