Toronto Dominion Bank (The) (NYSE:TD) Receives Average Recommendation of “Moderate Buy” from Analysts

Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) has received a consensus rating of “Moderate Buy” from the eight research firms that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $93.00.

A number of research analysts have recently commented on the stock. Royal Bank Of Canada upgraded shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Friday, October 3rd. Wall Street Zen raised Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Zacks Research cut shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of Toronto Dominion Bank in a research note on Wednesday, October 8th. Finally, Desjardins upgraded shares of Toronto Dominion Bank from a “hold” rating to a “buy” rating in a research note on Wednesday, August 13th.

Institutional Trading of Toronto Dominion Bank

A number of institutional investors and hedge funds have recently made changes to their positions in the business. True Wealth Design LLC acquired a new stake in Toronto Dominion Bank during the 3rd quarter worth $27,000. Mather Group LLC. acquired a new position in Toronto Dominion Bank in the third quarter valued at approximately $30,000. Sachetta LLC acquired a new position in Toronto Dominion Bank in the third quarter valued at approximately $33,000. Quaker Wealth Management LLC grew its position in Toronto Dominion Bank by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 428 shares of the bank’s stock worth $31,000 after acquiring an additional 856 shares during the period. Finally, Elevation Point Wealth Partners LLC acquired a new stake in Toronto Dominion Bank during the second quarter worth $32,000. 52.37% of the stock is currently owned by hedge funds and other institutional investors.

Toronto Dominion Bank Price Performance

TD opened at $82.28 on Wednesday. Toronto Dominion Bank has a 52-week low of $51.25 and a 52-week high of $83.02. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.02 and a current ratio of 1.02. The company’s 50-day simple moving average is $80.55 and its two-hundred day simple moving average is $75.17. The stock has a market capitalization of $139.01 billion, a P/E ratio of 9.61, a P/E/G ratio of 1.68 and a beta of 0.79.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings results on Thursday, August 28th. The bank reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.45. Toronto Dominion Bank had a net margin of 16.40% and a return on equity of 13.59%. The business had revenue of $10.12 billion for the quarter, compared to the consensus estimate of $13.73 billion. During the same period last year, the firm earned $2.05 earnings per share. The company’s quarterly revenue was up 7.9% on a year-over-year basis. As a group, analysts predict that Toronto Dominion Bank will post 5.48 EPS for the current year.

Toronto Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Friday, October 10th were given a $1.05 dividend. The ex-dividend date was Friday, October 10th. This represents a $4.20 annualized dividend and a yield of 5.1%. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $0.76. Toronto Dominion Bank’s payout ratio is currently 35.16%.

About Toronto Dominion Bank

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.