Citigroup Inc. Boosts The Toronto-Dominion Bank (TD) Price Target to $67.00
The Toronto-Dominion Bank (NYSE:TD) had its price target increased by Citigroup Inc. from $65.00 to $67.00 in a research report report published on Wednesday. Citigroup Inc. currently has a buy rating on the stock.
Other equities research analysts have also issued reports about the stock. Bank of America Corp. restated a buy rating on shares of The Toronto-Dominion Bank in a research report on Tuesday, July 12th. Zacks Investment Research upgraded shares of The Toronto-Dominion Bank from a hold rating to a buy rating and set a $50.00 price objective on the stock in a research report on Saturday, May 28th. Canaccord Genuity reiterated a buy rating and issued a $23.00 price objective on shares of The Toronto-Dominion Bank in a research report on Wednesday, June 8th. Royal Bank Of Canada reiterated an outperform rating and issued a $61.00 price objective on shares of The Toronto-Dominion Bank in a research report on Friday, May 27th. Finally, Barclays PLC reiterated an underweight rating and issued a $55.00 price objective (up from $51.00) on shares of The Toronto-Dominion Bank in a research report on Sunday, August 21st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. The Toronto-Dominion Bank presently has an average rating of Buy and a consensus target price of $56.88.
The Toronto-Dominion Bank (NYSE:TD) opened at 43.28 on Wednesday. The stock has a market cap of $80.28 billion, a price-to-earnings ratio of 12.64 and a beta of 0.98. The firm’s 50-day moving average is $44.10 and its 200 day moving average is $43.29. The Toronto-Dominion Bank has a 52 week low of $33.49 and a 52 week high of $45.98.
The Toronto-Dominion Bank (NYSE:TD) last issued its earnings results on Thursday, August 25th. The company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.21 by $0.06. The company had revenue of $8.70 billion for the quarter. The Toronto-Dominion Bank had a net margin of 21.02% and a return on equity of 13.56%. The Toronto-Dominion Bank’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.20 earnings per share. On average, equities research analysts expect that The Toronto-Dominion Bank will post $3.68 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Friday, October 7th will be paid a dividend of $0.4249 per share. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.93%. This is an increase from The Toronto-Dominion Bank’s previous quarterly dividend of $0.42. The Toronto-Dominion Bank’s dividend payout ratio is currently 50.45%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. First New York Securities LLC NY bought a new position in The Toronto-Dominion Bank during the second quarter worth approximately $107,000. Zions Bancorporation increased its position in The Toronto-Dominion Bank by 282.5% in the first quarter. Zions Bancorporation now owns 2,639 shares of the company’s stock worth $115,000 after buying an additional 1,949 shares in the last quarter. Cribstone Capital Management LLC bought a new position in The Toronto-Dominion Bank during the second quarter worth approximately $118,000. Teachers Advisors Inc. increased its position in The Toronto-Dominion Bank by 993.0% in the second quarter. Teachers Advisors Inc. now owns 2,820 shares of the company’s stock worth $121,000 after buying an additional 2,562 shares in the last quarter. Finally, AHL Partners LLP bought a new position in The Toronto-Dominion Bank during the second quarter worth approximately $201,000. 51.81% of the stock is owned by institutional investors.
The Toronto-Dominion Bank Company Profile
The Toronto-Dominion Bank (the Bank) operates as a bank in North America. The Bank conducts its business through segments, such as Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. Canadian Retail provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses, including credit cards, auto finance, wealth and insurance businesses.
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