Toronto-Dominion Bank (TSE:TD) Reaches New 12-Month High – What’s Next?

Shares of The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) reached a new 52-week high during trading on Tuesday . The company traded as high as C$150.22 and last traded at C$148.09, with a volume of 326451 shares traded. The stock had previously closed at C$148.30.

Analysts Set New Price Targets

A number of research firms have commented on TD. Jefferies Financial Group dropped their price target on shares of Toronto-Dominion Bank from C$130.00 to C$128.00 in a research report on Wednesday, February 11th. Royal Bank Of Canada dropped their target price on shares of Toronto-Dominion Bank from C$148.00 to C$138.00 and set an “outperform” rating on the stock in a report on Wednesday, March 25th. National Bank Financial boosted their target price on shares of Toronto-Dominion Bank from C$146.00 to C$157.00 and gave the stock an “outperform” rating in a report on Friday. Raymond James Financial upgraded shares of Toronto-Dominion Bank from a “hold” rating to a “moderate buy” rating and boosted their target price for the stock from C$141.00 to C$152.50 in a report on Tuesday, May 12th. Finally, Canadian Imperial Bank of Commerce boosted their target price on shares of Toronto-Dominion Bank from C$142.00 to C$151.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Seven analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$143.04.

Toronto-Dominion Bank Stock Up 0.1%

The stock’s 50-day moving average is C$137.66 and its 200 day moving average is C$129.84. The stock has a market capitalization of C$247.84 billion, a PE ratio of 12.03, a P/E/G ratio of 1.22 and a beta of 0.92.

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 firm had revenue of C$16.63 billion for the quarter. As a group, equities research analysts forecast that The Toronto-Dominion Bank will post 7.2160149 EPS for the current year.

Toronto-Dominion Bank Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Thursday, April 30th were given a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Thursday, April 9th. Toronto-Dominion Bank’s payout ratio is currently 34.25%.

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.