The Toronto-Dominion Bank (TSE:TD) Receives Consensus Rating of “Moderate Buy” from Brokerages

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) has earned a consensus recommendation of “Moderate Buy” from the ten analysts that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$128.17.

Several equities research analysts have recently issued reports on the company. Scotiabank raised their price objective on Toronto-Dominion Bank from C$114.00 to C$125.00 and gave the company a “sector perform” rating in a research note on Friday, December 5th. National Bankshares upgraded shares of Toronto-Dominion Bank from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from C$124.00 to C$134.00 in a research report on Thursday, December 18th. Raymond James Financial raised their target price 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. Jefferies Financial Group boosted their target price on Toronto-Dominion Bank from C$125.00 to C$130.00 in a research report on Friday, December 5th. Finally, UBS Group increased their price target on Toronto-Dominion Bank from C$122.00 to C$126.00 in a report on Monday, December 8th.

Toronto-Dominion Bank Stock Up 0.4%

Toronto-Dominion Bank stock opened at C$129.82 on Monday. Toronto-Dominion Bank has a 52-week low of C$76.33 and a 52-week high of C$130.16. The firm’s fifty day moving average is C$120.39 and its 200 day moving average is C$110.19. The company has a market cap of C$219.33 billion, a price-to-earnings ratio of 11.23, a PEG ratio of 1.22 and a beta of 1.03.

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

Toronto-Dominion Bank Announces Dividend

The firm also recently announced 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. This represents a $4.20 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Friday, October 10th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 36.33%.

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.