Toronto-Dominion Bank (TSE: TD) Receives Consensus ‘Hold’ Recommendation From Analysts
Toronto-Dominion Bank (TSE: TD – Get Rating) (NYSE: TD) shares have been assigned a consensus rating of “moderate buy” by the nineteen analysts who currently cover the company, reports Marketbeat.com . One equity research analyst rated the stock with a sell recommendation, one gave the company a hold recommendation and six gave the company a buy recommendation. The 12-month average target price among brokerages that have issued quotes on the stock over the past year is C$99.47.
Several research analysts have recently released reports on TD shares. Credit Suisse Group raised its target price on The Toronto-Dominion Bank to C$95.00 in a Friday, August 26 research report. Kaufman Brothers reduced its target price on the Toronto-Dominion Bank from C$93.00 to C$86.00 in a Monday, August 8 research report. National Bankshares raised its price target on The Toronto-Dominion Bank from C$102.00 to C$106.00 and gave the stock an ‘sector return’ rating in a Friday, August 26 research report . Fundamental Research cut its price target on The Toronto-Dominion Bank to C$100.50 and set a “buy” rating on the stock in a Wednesday, September 7 research report. Finally, Jefferies Financial Group raised its price target on the Toronto-Dominion Bank from C$102.00 to C$106.00 in a Friday, August 26 research report.
Toronto-Dominion Bank Price Performance
Shares of TD opened at C$88.44 on Friday. The Toronto-Dominion Bank has a 1-year low of C$77.27 and a 1-year high of C$109.08. The company has a market cap of C$160.35 billion and a price-earnings ratio of 11.21. The company has a 50-day moving average of C$86.21 and a 200-day moving average of C$87.20.
The Toronto-Dominion Bank (TSE:TD – Get Rating) (NYSE:TD) last announced its results on Thursday, August 25. The company reported earnings per share (EPS) of CA$2.09 for the quarter, beating the consensus estimate of CA$2.00 by CA$0.09. The company had revenue of C$10.93 billion for the quarter. As a group, sell-side analysts expect The Toronto-Dominion Bank to post year-to-date EPS of 7.6299999.
Toronto-Dominion Bank Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, October 31. Shareholders of record on Friday, October 7 received a dividend of $0.89. The ex-dividend date was Thursday, October 6. This represents an annualized dividend of $3.56 and a dividend yield of 4.03%. The Toronto-Dominion Bank’s payout ratio is currently 43.85%.
About The Toronto-Dominion Bank
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The Toronto-Dominion Bank, together with its subsidiaries, offers various financial products and services in Canada, the United States and abroad. It operates through Canadian Personal and Commercial Banking, US Retail, Wealth Management and Insurance and Wholesale Banking segments. The company offers personal deposits, such as checking, savings and investment products; financing, investment, cash management, international trade and day-to-day corporate banking; and point-of-sale customer financing options for the purchase of automobiles and recreational vehicles.
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