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

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) has received a consensus recommendation of “Hold” from the thirteen research firms that are presently covering the stock, MarketBeat.com reports. One equities research 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 1 year price objective among brokerages that have covered the stock in the last year is C$88.75.

A number of equities research analysts recently issued reports on the company. UBS Group upped their target price on Toronto-Dominion Bank from C$83.00 to C$90.00 in a research note on Friday, February 14th. National Bankshares reduced their price objective on Toronto-Dominion Bank from C$85.00 to C$80.00 in a research 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 price objective for the company in a research report on Thursday, December 19th. Canaccord Genuity Group upped their target price on shares of Toronto-Dominion Bank from C$87.00 to C$89.00 in a report on Monday, December 16th. Finally, Scotiabank lowered their price target 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.

Insider Activity

In other Toronto-Dominion Bank news, Director Michael A. French sold 9,288 shares of Toronto-Dominion Bank stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of C$85.25, for a total transaction of C$791,802.00. Also, Director Theresa Lynn Currie sold 45,172 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of C$86.50, for a total value of C$3,907,378.00. Following the completion of the transaction, the director now directly owns 163 shares in the company, valued at approximately C$14,099.50. The trade was a 99.64 % decrease in their ownership of the stock. Insiders own 0.08% of the company’s stock.

Toronto-Dominion Bank Trading Down 1.7 %

Shares of TD opened at C$81.20 on Friday. Toronto-Dominion Bank has a 12-month low of C$73.22 and a 12-month high of C$87.99. The stock has a market cap of C$142.46 billion, a P/E ratio of 16.09, a PEG ratio of 1.22 and a beta of 0.82. The company has a 50-day moving average of C$84.77 and a two-hundred day moving average of C$81.46.

Toronto-Dominion Bank Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 30th will be given a dividend of $1.05 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 5.17%. Toronto-Dominion Bank’s payout ratio is currently 80.84%.

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.