The Toronto-Dominion Bank (TSE:TD) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) have been given an average rating of “Moderate Buy” by the thirteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$86.65.

TD has been the subject of several recent research reports. Jefferies Financial Group increased their price objective on Toronto-Dominion Bank from C$73.00 to C$82.00 and gave the company a “hold” rating in a research note on Monday, August 12th. Canaccord Genuity Group decreased their price target on shares of Toronto-Dominion Bank from C$93.50 to C$91.50 in a research note on Friday, October 11th. Bank of America boosted their price target on shares of Toronto-Dominion Bank from C$85.00 to C$90.00 in a research report on Friday, August 23rd. Scotiabank cut their price objective on shares of Toronto-Dominion Bank from C$87.00 to C$86.00 in a report on Monday, August 19th. Finally, Cormark dropped their price target on Toronto-Dominion Bank from C$93.00 to C$91.00 in a research report on Friday, October 11th.

Toronto-Dominion Bank Price Performance

Toronto-Dominion Bank has a one year low of C$73.67 and a one year high of C$87.99. The stock’s 50 day moving average is C$82.47 and its 200-day moving average is C$79.37. The stock has a market capitalization of C$135.54 billion, a PE ratio of 17.94, a P/E/G ratio of 1.22 and a beta of 0.82.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last posted its quarterly earnings data on Thursday, August 22nd. The company reported C$2.05 EPS for the quarter, missing the consensus estimate of C$2.07 by C($0.02). Toronto-Dominion Bank had a return on equity of 7.33% and a net margin of 15.72%. The firm had revenue of C$14.18 billion for the quarter, compared to analysts’ expectations of C$14.12 billion. On average, equities research analysts expect that Toronto-Dominion Bank will post 7.2160149 earnings per share for the current year.

Toronto-Dominion Bank Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 31st will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of ∞. The ex-dividend date is Thursday, October 10th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 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.