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

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) has been assigned a consensus recommendation of “Moderate Buy” from the fifteen analysts that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$86.97.

Several brokerages recently weighed in on TD. UBS Group set a C$82.00 price objective on shares of Toronto-Dominion Bank and gave the company a “neutral” rating in a research report on Tuesday, July 2nd. Cibc World Mkts raised shares of Toronto-Dominion Bank from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 24th. National Bankshares lowered shares of Toronto-Dominion Bank from a “sector perform” rating to an “underperform” rating and dropped their price target for the company from C$84.00 to C$75.00 in a research report on Friday, May 24th. Desjardins dropped their price target on shares of Toronto-Dominion Bank from C$93.00 to C$91.00 and set a “buy” rating on the stock in a research report on Friday, May 24th. Finally, Jefferies Financial Group dropped their price target on shares of Toronto-Dominion Bank from C$76.00 to C$73.00 and set a “hold” rating on the stock in a research report on Thursday, June 6th.

Toronto-Dominion Bank Price Performance

Shares of TD opened at C$78.65 on Monday. Toronto-Dominion Bank has a one year low of C$73.67 and a one year high of C$86.96. The company has a 50-day moving average of C$76.83 and a two-hundred day moving average of C$78.92. The stock has a market cap of C$138.42 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 1.08 and a beta of 0.82.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last posted its quarterly earnings results on Thursday, May 23rd. The company reported C$2.04 EPS for the quarter, topping the consensus estimate of C$1.84 by C$0.20. The business had revenue of C$13.82 billion during the quarter, compared to analysts’ expectations of C$13.38 billion. Toronto-Dominion Bank had a net margin of 21.91% and a return on equity of 9.89%. Analysts anticipate that Toronto-Dominion Bank will post 7.8691589 earnings per share for the current year.

Toronto-Dominion Bank Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 10th were paid a $1.02 dividend. The ex-dividend date was Wednesday, July 10th. This represents a $4.08 annualized dividend and a dividend yield of 5.19%. Toronto-Dominion Bank’s dividend payout ratio is presently 69.39%.

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.