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

Shares of The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) have received a consensus rating of “Hold” from the nine ratings firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$99.92.

Several research analysts recently commented on TD shares. Jefferies Financial Group increased their price objective on Toronto-Dominion Bank from C$103.00 to C$117.00 in a research note on Wednesday, August 13th. National Bankshares increased their price objective on Toronto-Dominion Bank from C$99.00 to C$100.00 and gave the company a “sector perform” rating in a research note on Friday. CIBC increased their price objective on Toronto-Dominion Bank from C$99.00 to C$109.00 and gave the company an “outperform” rating in a research note on Wednesday, August 20th. Desjardins raised their target price on Toronto-Dominion Bank from C$107.00 to C$110.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Barclays raised their target price on Toronto-Dominion Bank from C$95.00 to C$97.00 and gave the stock an “underweight” rating in a research note on Friday.

Insider Activity

In other Toronto-Dominion Bank news, Senior Officer Melanie Burns sold 6,272 shares of the firm’s stock in a transaction on Friday, June 20th. The stock was sold at an average price of C$97.46, for a total value of C$611,269.12. 0.08% of the stock is owned by company insiders.

Toronto-Dominion Bank Stock Performance

TSE TD opened at C$103.12 on Tuesday. The business has a fifty day moving average price of C$101.44 and a 200 day moving average price of C$92.72. Toronto-Dominion Bank has a one year low of C$73.22 and a one year high of C$108.68. The company has a market cap of C$177.62 billion, a P/E ratio of 10.70, a P/E/G ratio of 1.22 and a beta of 0.86.

Toronto-Dominion Bank Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Thursday, July 31st were paid a $1.05 dividend. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 4.1%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 42.95%.

Toronto-Dominion Bank Company Profile

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.