Toronto-Dominion Bank (TSE:TD) Upgraded at Natl Bk Canada

Natl Bk Canada upgraded shares of Toronto-Dominion Bank (TSE:TD) (NYSE:TD) from a hold rating to a strong-buy rating in a research note released on Wednesday,Zacks.com reports.

A number of other research firms have also commented on TD. Desjardins boosted their price objective on Toronto-Dominion Bank from C$126.00 to C$133.00 and gave the stock a “buy” rating in a research note on Thursday. Barclays upped their price target on shares of Toronto-Dominion Bank from C$114.00 to C$118.00 and gave the stock an “underweight” rating in a research report on Friday, December 5th. BMO Capital Markets raised their price objective on shares of Toronto-Dominion Bank from C$128.00 to C$135.00 in a research report on Wednesday. Jefferies Financial Group upped their target price on shares of Toronto-Dominion Bank from C$125.00 to C$130.00 in a research report on Friday, December 5th. Finally, Raymond James Financial increased their price target on shares of Toronto-Dominion Bank from C$119.00 to C$122.00 and gave the company a “market perform” rating in a research note on Friday, December 5th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Toronto-Dominion Bank has an average rating of “Moderate Buy” and a consensus price target of C$128.17.

Toronto-Dominion Bank Trading Up 0.4%

TSE TD opened at C$127.99 on Wednesday. The firm has a market cap of C$224.21 billion, a price-to-earnings ratio of 11.07, a PEG ratio of 1.22 and a beta of 0.98. The company has a 50 day moving average of C$116.95 and a 200-day moving average of C$107.71. Toronto-Dominion Bank has a 1-year low of C$73.73 and a 1-year high of C$128.68.

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

Toronto-Dominion Bank Announces Dividend

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

Insider Buying and Selling

In related news, Director Nathalie Palladitcheff bought 1,000 shares of the firm’s stock in a transaction on Monday, October 6th. The shares were purchased 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 owned 3,292 shares in the company, valued at C$370,810.88. This represents a 43.63% increase in their position. Also, insider Ajai Bambawale sold 39,376 shares of the company’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of C$112.07, for a total transaction of C$4,412,868.32. Over the last quarter, insiders have sold 84,384 shares of company stock valued at $9,456,915. 0.08% of the stock is 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.