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

Shares of The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) have been given an average rating of “Hold” by the thirteen analysts that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$88.75.

A number of equities analysts recently commented on the company. BMO Capital Markets upgraded 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 note on Thursday, December 19th. Scotiabank lowered their target price on Toronto-Dominion Bank from C$83.00 to C$82.00 and set a “sector perform” rating for the company in a report on Thursday, February 20th. Desjardins lowered Toronto-Dominion Bank from a “moderate buy” rating to a “hold” rating in a report on Thursday, December 5th. Canaccord Genuity Group upped their target price on Toronto-Dominion Bank from C$87.00 to C$89.00 in a report on Monday, December 16th. Finally, CIBC reduced their price objective on Toronto-Dominion Bank from C$96.00 to C$95.00 in a research report on Thursday, March 6th.

Insider Activity

In other news, Director Theresa Lynn Currie sold 45,172 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of C$86.50, for a total transaction of C$3,907,378.00. Following the completion of the sale, the director now owns 163 shares in the company, valued at approximately C$14,099.50. This represents a 99.64 % decrease in their position. Insiders own 0.08% of the company’s stock.

Toronto-Dominion Bank Price Performance

Shares of Toronto-Dominion Bank stock opened at C$84.86 on Tuesday. The business has a 50-day moving average of C$82.55 and a 200-day moving average of C$80.93. The company has a market capitalization of C$148.88 billion, a PE ratio of 16.81, 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 company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th will be given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 4.95%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 80.84%.

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.