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

Shares of The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) have received an average recommendation of “Moderate Buy” from the thirteen research firms that are currently covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$86.65.

Several equities research analysts have recently weighed in on the stock. Royal Bank of Canada downgraded shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from C$88.00 to C$82.00 in a research report on Friday, October 11th. Cormark lowered their price objective on Toronto-Dominion Bank from C$93.00 to C$91.00 in a report on Friday, October 11th. National Bank Financial raised Toronto-Dominion Bank from a “strong sell” rating to a “hold” rating in a report on Thursday, August 22nd. Bank of America lifted their price target on shares of Toronto-Dominion Bank from C$85.00 to C$90.00 in a report on Friday, August 23rd. Finally, CIBC lowered their target price on Toronto-Dominion Bank from C$100.00 to C$96.00 in a report on Friday, October 11th.

Toronto-Dominion Bank Stock Down 1.2 %

Shares of TSE TD opened at C$78.33 on Wednesday. Toronto-Dominion Bank has a fifty-two week low of C$73.67 and a fifty-two week high of C$87.99. The business has a 50 day moving average price of C$81.90 and a two-hundred day moving average price of C$79.17. The firm has a market cap of C$137.08 billion, a PE ratio of 18.11, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82.

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

Toronto-Dominion Bank Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 31st were issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 5.21%. The ex-dividend date was Thursday, October 10th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 94.44%.

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.