The Toronto-Dominion Bank (TSE:TD) Receives Consensus Rating of “Hold” from Analysts

Shares of The Toronto-Dominion Bank (TSE:TDGet Rating) (NYSE:TD) have received a consensus rating of “Hold” from the sixteen brokerages that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is C$103.90.

A number of brokerages have recently issued reports on TD. Canaccord Genuity Group lowered their target price on shares of Toronto-Dominion Bank from C$110.50 to C$106.00 in a research report on Friday, March 4th. CIBC lowered their target price on shares of Toronto-Dominion Bank from C$103.00 to C$100.00 in a research report on Tuesday. Fundamental Research lowered their price objective on shares of Toronto-Dominion Bank from C$111.31 to C$108.58 and set a “buy” rating on the stock in a research report on Monday, March 7th. Barclays lowered their price objective on shares of Toronto-Dominion Bank from C$111.00 to C$102.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 11th. Finally, Scotiabank lowered their price objective on shares of Toronto-Dominion Bank from C$105.00 to C$102.00 in a research report on Friday.

Shares of TD opened at C$92.10 on Friday. The firm has a market cap of C$167.04 billion and a PE ratio of 11.56. The company’s 50 day simple moving average is C$96.18 and its 200-day simple moving average is C$97.77. Toronto-Dominion Bank has a 12-month low of C$80.68 and a 12-month high of C$109.08.

Toronto-Dominion Bank (TSE:TDGet Rating) (NYSE:TD) last announced its earnings results on Thursday, March 3rd. The company reported C$2.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$2.01 by C$0.07. The business had revenue of C$11.28 billion for the quarter. As a group, analysts expect that Toronto-Dominion Bank will post 7.6300001 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Saturday, April 30th. Shareholders of record on Friday, April 8th were given a dividend of $0.89 per share. The ex-dividend date was Thursday, April 7th. This represents a $3.56 annualized dividend and a dividend yield of 3.87%. Toronto-Dominion Bank’s payout ratio is currently 40.90%.

About Toronto-Dominion Bank (Get Rating)

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The company offers personal deposits, such as chequing, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; and financing options to customers at point of sale for automotive and recreational vehicle purchases.

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Analyst Recommendations for Toronto-Dominion Bank (TSE:TD)

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