The Toronto-Dominion Bank (TSE:TD) Receives C$86.65 Average PT from Brokerages

Shares of The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) have been given an average rating of “Moderate Buy” by the thirteen research firms that are covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is C$86.65.

TD has been the topic of a number of recent analyst reports. National Bankshares raised shares of Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating and increased their target price for the company from C$74.00 to C$78.00 in a research report on Friday, August 23rd. Barclays dropped their price objective on Toronto-Dominion Bank from C$90.00 to C$80.00 in a report on Friday, October 11th. CIBC decreased their target price on Toronto-Dominion Bank from C$100.00 to C$96.00 in a research report on Friday, October 11th. Scotiabank cut their price target on Toronto-Dominion Bank from C$87.00 to C$86.00 in a research report on Monday, August 19th. Finally, Bank of America increased their price objective on Toronto-Dominion Bank from C$85.00 to C$90.00 in a report on Friday, August 23rd.

Toronto-Dominion Bank Price Performance

Shares of TSE TD opened at C$77.84 on Friday. The business has a 50-day moving average of C$82.49 and a two-hundred day moving average of C$79.35. The company has a market capitalization of C$136.22 billion, a price-to-earnings ratio of 18.02, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82. Toronto-Dominion Bank has a 1 year low of C$73.67 and a 1 year high of C$87.99.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last announced its quarterly earnings results on Thursday, August 22nd. The company reported C$2.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$2.07 by C($0.02). The business had revenue of C$14.18 billion during the quarter, compared to analyst estimates of C$14.12 billion. Toronto-Dominion Bank had a net margin of 15.72% and a return on equity of 7.33%. As a group, equities research analysts expect that Toronto-Dominion Bank will post 7.2160149 earnings per share for the current year.

Toronto-Dominion Bank Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 31st will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 5.24%. The ex-dividend date is Thursday, October 10th. Toronto-Dominion Bank’s dividend payout ratio (DPR) 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.