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

Shares of The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) have received an average rating of “Moderate Buy” from the twelve research firms that are presently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$91.02.

Several research firms have commented on TD. Canaccord Genuity Group boosted their price target on shares of Toronto-Dominion Bank from C$95.00 to C$96.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. BMO Capital Markets boosted their target price on Toronto-Dominion Bank from C$81.00 to C$86.00 in a research note on Friday, April 5th. CIBC cut their price target on Toronto-Dominion Bank from C$88.00 to C$86.00 and set a “neutral” rating on the stock in a report on Friday, March 8th. Scotiabank upgraded Toronto-Dominion Bank from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from C$86.00 to C$93.00 in a research note on Wednesday, April 17th. Finally, Desjardins lowered their price objective on Toronto-Dominion Bank from C$96.00 to C$94.00 and set a “buy” rating for the company in a research report on Wednesday, February 7th.

Toronto-Dominion Bank Price Performance

Shares of Toronto-Dominion Bank stock opened at C$81.20 on Friday. The stock has a market capitalization of C$143.72 billion, a price-to-earnings ratio of 12.83, a price-to-earnings-growth ratio of 1.08 and a beta of 0.83. The business has a 50-day moving average of C$80.63 and a 200 day moving average of C$81.43. Toronto-Dominion Bank has a 12 month low of C$75.89 and a 12 month high of C$87.10.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last issued its quarterly earnings results on Thursday, February 29th. The company reported C$2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.93 by C$0.07. The business had revenue of C$13.71 billion for the quarter, compared to analysts’ expectations of C$12.63 billion. Toronto-Dominion Bank had a net margin of 23.86% and a return on equity of 10.72%. Equities research analysts anticipate that Toronto-Dominion Bank will post 7.8683417 earnings per share for the current year.

Toronto-Dominion Bank Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 30th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Monday, April 8th. This represents a $4.08 dividend on an annualized basis and a yield of 5.02%. Toronto-Dominion Bank’s payout ratio is currently 64.45%.

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.