Toronto-Dominion Bank (TSE:TD) Stock Crosses Above 200 Day Moving Average – Time to Sell?

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$127.19 and traded as high as C$146.40. Toronto-Dominion Bank shares last traded at C$146.33, with a volume of 6,340,227 shares traded.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Barclays upped their target price on shares of Toronto-Dominion Bank from C$133.00 to C$135.00 in a research report on Friday, February 27th. Jefferies Financial Group reduced their target price on shares of Toronto-Dominion Bank from C$130.00 to C$128.00 in a research report on Wednesday, February 11th. Canaccord Genuity Group upped their target price on shares of Toronto-Dominion Bank from C$147.00 to C$149.00 and gave the stock a “buy” rating in a research report on Monday, March 9th. Scotiabank upped their target price on shares of Toronto-Dominion Bank from C$132.00 to C$142.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. Finally, Desjardins upped their target price on shares of Toronto-Dominion Bank from C$139.00 to C$145.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Six investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$139.00.

Toronto-Dominion Bank Stock Performance

The company’s 50-day moving average is C$134.84 and its 200 day moving average is C$127.19. The company has a market capitalization of C$243.38 billion, a PE ratio of 11.81, a P/E/G ratio of 1.22 and a beta of 0.86.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last announced its quarterly earnings data on Thursday, February 26th. The company reported C$2.44 EPS for the quarter. Toronto-Dominion Bank had a net margin of 19.11% and a return on equity of 17.26%. The company had revenue of C$16.63 billion for the quarter. On average, analysts forecast that The Toronto-Dominion Bank will post 7.2160149 EPS for the current fiscal year.

Toronto-Dominion Bank Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Thursday, April 30th were given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Thursday, April 9th. Toronto-Dominion Bank’s dividend payout ratio is 34.25%.

About Toronto-Dominion Bank

Toronto-Dominion is one of Canada’s two largest banks and operates three business segments: Canadian retail banking, U.S. retail banking, and wholesale banking. The bank’s U.S. operations span from Maine to Florida, with a strong presence in the Northeast. It also has a 13% ownership stake in Charles Schwab.