The Toronto-Dominion Bank (TD.TO) – What Are Analysts Thinking About This Stock?

Shares of The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) have been given a consensus recommendation of “Moderate Buy” by the eleven analysts that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$171.08.

TD has been the topic of several analyst reports. Keefe, Bruyette & Woods lifted their price target on shares of Toronto-Dominion Bank from C$180.00 to C$187.00 in a report on Monday, August 31st. Canaccord Genuity Group reduced their price target on Toronto-Dominion Bank from C$197.00 to C$196.00 in a research report on Thursday, September 3rd. Barclays increased their price objective on Toronto-Dominion Bank from C$164.00 to C$167.00 and gave the company an “underweight” rating in a report on Friday, August 28th. Raymond James Financial raised their price objective on Toronto-Dominion Bank from C$155.00 to C$180.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 12th. Finally, Jefferies Financial Group raised their price objective on Toronto-Dominion Bank from C$164.00 to C$165.00 in a research report on Thursday, September 3rd.

Insider Buying and Selling

In other Toronto-Dominion Bank news, insider Kelvin Vi Luan Tran sold 8,000 shares of the stock in a transaction dated Tuesday, September 22nd. The stock was sold at an average price of C$172.92, for a total value of C$1,383,360.00. Following the completion of the sale, the insider directly owned 23,877 shares in the company, valued at approximately C$4,128,810.84. This trade represents a 25.10% decrease in their ownership of the stock. Company insiders own 0.08% of the company’s stock.

Toronto-Dominion Bank Price Performance

Shares of Toronto-Dominion Bank stock opened at C$164.19 on Wednesday. The company has a market cap of C$268.13 billion, a P/E ratio of 17.58, a PEG ratio of 1.22 and a beta of 0.84. The firm’s 50 day moving average price is C$167.94 and its 200-day moving average price is C$159.50. Toronto-Dominion Bank has a 52-week low of C$109.50 and a 52-week high of C$175.33.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last posted its earnings results on Thursday, August 27th. The company reported C$2.77 EPS for the quarter. The company had revenue of C$16.93 billion during the quarter. Toronto-Dominion Bank had a net margin of 14.36% and a return on equity of 12.83%. As a group, equities research analysts forecast that Toronto-Dominion Bank will post 7.22 EPS for the current fiscal year.

Toronto-Dominion Bank Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, October 31st. Investors of record on Saturday, October 31st will be given a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Friday, October 9th. Toronto-Dominion Bank’s dividend payout ratio is currently 46.36%.

Toronto-Dominion Bank Company Profile

TD Asset Management Inc (‘TDAM’), a member of TD Bank Group, is a Canadian investment management firm with a growing global presence. Bringing together three decades of investment experience, our broad selection of strategies and solutions includes fundamental equities, quantitative and passive equities, fixed income across the credit quality spectrum and alternatives, such as private credit, infrastructure and real estate. TDAM offers institutional investment solutions to corporations, pension funds, endowments and foundations, sovereign wealth funds and superannuation funds, among others.