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

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) has earned an average rating of “Hold” from the ten research firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$122.77.

A number of research firms recently weighed in on TD. BMO Capital Markets upped their price objective on shares of Toronto-Dominion Bank from C$120.00 to C$128.00 in a research note on Friday, December 5th. Jefferies Financial Group upped their price target on shares of Toronto-Dominion Bank from C$125.00 to C$130.00 in a research report on Friday, December 5th. UBS Group increased their price objective on shares of Toronto-Dominion Bank from C$122.00 to C$126.00 in a research note on Monday. Desjardins lifted their price objective on shares of Toronto-Dominion Bank from C$120.00 to C$126.00 and gave the company a “buy” rating in a report on Friday, December 5th. Finally, CIBC upped their target price on Toronto-Dominion Bank from C$112.00 to C$122.00 in a report on Wednesday, November 19th.

Toronto-Dominion Bank Stock Up 2.0%

Shares of TSE:TD opened at C$125.88 on Thursday. The business’s 50 day moving average is C$114.92 and its 200 day moving average is C$106.23. The stock has a market cap of C$212.67 billion, a P/E ratio of 10.78, a price-to-earnings-growth ratio of 1.22 and a beta of 0.98. Toronto-Dominion Bank has a 52-week low of C$73.73 and a 52-week high of C$126.19.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last issued its earnings results on Thursday, December 4th. The company reported C$2.18 earnings per share for the quarter. Toronto-Dominion Bank had a return on equity of 7.84% and a net margin of 15.80%.The business had revenue of C$16.03 billion during the quarter. On average, sell-side analysts anticipate that Toronto-Dominion Bank will post 7.2160149 EPS for the current fiscal year.

Toronto-Dominion Bank Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Friday, October 31st were paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Friday, October 10th. Toronto-Dominion Bank’s dividend payout ratio is 35.70%.

Insider Transactions at Toronto-Dominion Bank

In related news, Director Nathalie Palladitcheff acquired 1,000 shares of the company’s stock in a transaction that occurred on Monday, October 6th. The shares were bought at an average price of C$112.64 per share, with a total value of C$112,640.00. Following the completion of the transaction, the director directly owned 3,292 shares in the company, valued at C$370,810.88. This trade represents a 43.63% increase in their ownership of the stock. Also, insider Ajai Bambawale sold 7,328 shares of Toronto-Dominion Bank stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of C$112.07, for a total value of C$821,248.96. Following the completion of the transaction, the insider owned 800 shares in the company, valued at C$89,656. This trade represents a 90.16% decrease in their position. In the last ninety days, insiders have sold 84,384 shares of company stock worth $9,456,915. 0.08% of the stock is owned by corporate insiders.

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.