Toronto-Dominion Bank (TSE:TD) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$79.34 and traded as high as C$79.60. Toronto-Dominion Bank shares last traded at C$79.31, with a volume of 13,619,651 shares.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Cormark lowered their target price on shares of Toronto-Dominion Bank from C$99.00 to C$94.00 in a research note on Friday, December 6th. Jefferies Financial Group upgraded shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating and upped their price objective for the company from C$82.00 to C$90.00 in a research report on Thursday, December 12th. National Bankshares reduced their target price on Toronto-Dominion Bank from C$85.00 to C$80.00 in a report on Friday, December 6th. Barclays downgraded Toronto-Dominion Bank from a “hold” rating to a “strong sell” rating in a report on Thursday, November 21st. Finally, CIBC cut their price objective on Toronto-Dominion Bank from C$93.00 to C$90.00 in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of C$86.83.

Toronto-Dominion Bank Trading Up 4.4 %

The firm’s 50 day simple moving average is C$77.51 and its 200-day simple moving average is C$79.40. The stock has a market capitalization of C$145.48 billion, a price-to-earnings ratio of 19.24, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82.

Toronto-Dominion Bank Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 31st will be issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 5.05%. The ex-dividend date is Friday, January 10th. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $1.02. Toronto-Dominion Bank’s dividend payout ratio 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.