The Toronto-Dominion Bank (TSE:TD – Get Free Report) (NYSE:TD) hit a new 52-week high during trading on Thursday . The stock traded as high as C$86.99 and last traded at C$86.71, with a volume of 680716 shares trading hands. The stock had previously closed at C$85.26.
Analyst Ratings Changes
TD has been the topic of several recent analyst reports. Cormark dropped their price target on Toronto-Dominion Bank from C$87.00 to C$86.00 in a research report on Friday, August 23rd. Bank of America boosted their price objective on shares of Toronto-Dominion Bank from C$85.00 to C$90.00 in a research report on Friday, August 23rd. Cibc World Mkts upgraded shares of Toronto-Dominion Bank from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 24th. Scotiabank decreased their target price on shares of Toronto-Dominion Bank from C$87.00 to C$86.00 in a research note on Monday, August 19th. Finally, Canaccord Genuity Group upped their price target on shares of Toronto-Dominion Bank from C$91.00 to C$93.50 and gave the stock a “buy” rating in a research note on Friday, May 24th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Toronto-Dominion Bank currently has a consensus rating of “Moderate Buy” and an average price target of C$87.79.
Check Out Our Latest Stock Report on TD
Toronto-Dominion Bank Stock Up 0.3 %
Toronto-Dominion Bank (TSE:TD – Get Free Report) (NYSE:TD) last released its earnings results on Thursday, August 22nd. The company reported C$2.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$2.07 by C($0.02). Toronto-Dominion Bank had a net margin of 15.72% and a return on equity of 7.33%. The business had revenue of C$14.18 billion during the quarter, compared to analyst estimates of C$14.12 billion. Analysts expect that The Toronto-Dominion Bank will post 8.2283835 earnings per share for the current fiscal year.
Toronto-Dominion Bank Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th will be issued a $1.02 dividend. The ex-dividend date is Thursday, October 10th. This represents a $4.08 annualized dividend and a yield of 4.66%. Toronto-Dominion Bank’s dividend payout ratio (DPR) 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.
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