The Toronto-Dominion Bank (TD) Shares Gap Up to $43.92
The Toronto-Dominion Bank (NYSE:TD) gapped up before the market opened on Tuesday . The stock had previously closed at $43.72, but opened at $43.92. The Toronto-Dominion Bank shares last traded at $44.42, with a volume of 625,896 shares trading hands.
A number of research analysts recently weighed in on the stock. Zacks Investment Research raised shares of The Toronto-Dominion Bank from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research note on Thursday, April 28th. Vetr raised shares of The Toronto-Dominion Bank from a “sell” rating to a “hold” rating and set a $42.72 price target on the stock in a research note on Monday, April 25th. BMO Capital Markets reaffirmed a “buy” rating on shares of The Toronto-Dominion Bank in a research note on Wednesday, July 6th. Citigroup Inc. reaffirmed a “buy” rating and issued a $65.00 price target (up from $60.00) on shares of The Toronto-Dominion Bank in a research note on Friday, June 3rd. Finally, Canaccord Genuity reaffirmed a “buy” rating on shares of The Toronto-Dominion Bank in a research note on Thursday, May 26th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. The Toronto-Dominion Bank presently has an average rating of “Buy” and a consensus price target of $53.23.
The company’s 50 day moving average is $43.47 and its 200-day moving average is $42.55. The stock has a market cap of $82.04 billion and a PE ratio of 13.07.
The Toronto-Dominion Bank (NYSE:TD) last issued its earnings results on Thursday, May 26th. The company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.03. The company had revenue of $8.26 billion for the quarter. During the same quarter in the prior year, the firm earned $1.14 EPS. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. On average, equities research analysts forecast that The Toronto-Dominion Bank will post $3.73 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Sunday, July 31st. Shareholders of record on Friday, July 8th were given a dividend of $0.4194 per share. This is a positive change from The Toronto-Dominion Bank’s previous quarterly dividend of $0.40. The ex-dividend date was Wednesday, July 6th. This represents a $1.68 annualized dividend and a yield of 3.79%.
A hedge fund recently raised its stake in The Toronto-Dominion Bank stock. Trexquant Investment LP increased its stake in The Toronto-Dominion Bank (NYSE:TD) by 160.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,715 shares of the company’s stock after buying an additional 33,115 shares during the period. Trexquant Investment LP’s holdings in The Toronto-Dominion Bank were worth $2,104,000 at the end of the most recent reporting period.
The Toronto-Dominion Bank (the Bank) operates as a bank in North America. The Bank conducts its business through segments, such as Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. Canadian Retail provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses, including credit cards, auto finance, wealth and insurance businesses.
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