BMO Capital Markets Issues Positive Forecast for Toronto-Dominion Bank (TSE:TD) Stock Price

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective raised by BMO Capital Markets from C$128.00 to C$135.00 in a research report released on Wednesday,BayStreet.CA reports.

TD has been the topic of several other research reports. Raymond James Financial upped their price target on shares of Toronto-Dominion Bank from C$119.00 to C$122.00 and gave the stock a “market perform” rating in a report on Friday, December 5th. Desjardins boosted their target price on Toronto-Dominion Bank from C$120.00 to C$126.00 and gave the stock a “buy” rating in a research report on Friday, December 5th. National Bankshares upped their target price on Toronto-Dominion Bank from C$116.00 to C$124.00 and gave the stock a “sector perform” rating in a research note on Friday, December 5th. Bank of America raised their price target on Toronto-Dominion Bank from C$130.00 to C$132.00 in a report on Friday, December 5th. Finally, Jefferies Financial Group boosted their price objective on Toronto-Dominion Bank from C$125.00 to C$130.00 in a report on Friday, December 5th. Five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of C$126.75.

Toronto-Dominion Bank Stock Down 0.3%

Shares of TD opened at C$125.78 on Wednesday. The business’s 50-day moving average price is C$116.28 and its 200-day moving average price is C$107.34. Toronto-Dominion Bank has a twelve month low of C$73.73 and a twelve month high of C$126.92. The stock has a market cap of C$220.34 billion, a PE ratio of 10.88, a P/E/G ratio of 1.22 and a beta of 0.98.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last released its quarterly earnings data on Thursday, December 4th. The company reported C$2.18 EPS for the quarter. The company had revenue of C$16.03 billion during the quarter. Toronto-Dominion Bank had a net margin of 15.80% and a return on equity of 7.84%. Analysts expect that Toronto-Dominion Bank will post 7.2160149 earnings per share for the current fiscal year.

Toronto-Dominion Bank Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Friday, October 31st were given a dividend of $1.05 per share. The ex-dividend date was Friday, October 10th. This represents a $4.20 annualized dividend and a dividend yield of 3.3%. Toronto-Dominion Bank’s dividend payout ratio is 36.33%.

Insider Buying and Selling

In other news, Director Nathalie Palladitcheff bought 1,000 shares of the business’s stock in a transaction on Monday, October 6th. The stock was acquired at an average price of C$112.64 per share, with a total value of C$112,640.00. Following the completion of the purchase, the director directly owned 3,292 shares in the company, valued at C$370,810.88. This represents a 43.63% increase in their ownership of the stock. Also, insider Ajai Bambawale sold 7,328 shares of the stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of C$112.07, for a total transaction of C$821,248.96. Following the transaction, the insider owned 800 shares in the company, valued at C$89,656. The trade was a 90.16% decrease in their ownership of the stock. Insiders sold a total of 84,384 shares of company stock valued at $9,456,915 in the last 90 days. 0.08% of the stock is currently owned by corporate insiders.

About Toronto-Dominion Bank

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.