Toronto-Dominion Bank (TSE:TD) Share Price Passes Above 200 Day Moving Average – Should You Sell?

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$79.72 and traded as high as C$82.80. Toronto-Dominion Bank shares last traded at C$82.63, with a volume of 4,889,871 shares changing hands.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. National Bankshares dropped their price objective on shares of Toronto-Dominion Bank from C$85.00 to C$80.00 in a research note on Friday, December 6th. Barclays cut shares of Toronto-Dominion Bank from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 21st. Scotiabank lowered Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from C$98.00 to C$81.00 in a report on Friday, December 6th. BMO Capital Markets upgraded Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating and set a C$90.00 target price on the stock in a report on Thursday, December 19th. Finally, Jefferies Financial Group upgraded Toronto-Dominion Bank from a “hold” rating to a “buy” rating and upped their price target for the stock from C$82.00 to C$90.00 in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Toronto-Dominion Bank has an average rating of “Hold” and a consensus price target of C$86.83.

Toronto-Dominion Bank Stock Up 0.6 %

The company has a market capitalization of C$144.60 billion, a PE ratio of 19.13, a PEG ratio of 1.22 and a beta of 0.82. The company has a 50-day moving average price of C$77.93 and a two-hundred day moving average price of C$79.72.

Toronto-Dominion Bank Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 31st will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 5.08%. 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 dividend payout ratio is 94.44%.

Toronto-Dominion Bank Company Profile

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.