The Toronto-Dominion Bank (TD) Reaches New 52-Week High at $45.98
The Toronto-Dominion Bank (NYSE:TD)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $45.98 and last traded at $45.55, with a volume of 678,381 shares trading hands. The stock had previously closed at $45.27.
A number of equities analysts have issued reports on TD shares. Barclays PLC reiterated an “underweight” rating and set a $55.00 price target (up previously from $51.00) on shares of The Toronto-Dominion Bank in a research note on Sunday, August 21st. BMO Capital Markets reaffirmed a “buy” rating on shares of The Toronto-Dominion Bank in a report on Wednesday, July 6th. Bank of America Corp. reaffirmed a “buy” rating on shares of The Toronto-Dominion Bank in a report on Tuesday, July 12th. Zacks Investment Research cut shares of The Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Wednesday, May 11th. Finally, CIBC cut shares of The Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a report on Friday, August 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $56.81.
The firm has a 50-day moving average of $43.89 and a 200-day moving average of $43.00. The stock has a market cap of $84.58 billion and a PE ratio of 13.31.
The Toronto-Dominion Bank (NYSE:TD) last announced its quarterly earnings results on Thursday, August 25th. The company reported $1.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.06. The firm had revenue of $8.70 billion for the quarter. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.20 earnings per share. Equities analysts expect that The Toronto-Dominion Bank will post $3.73 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Friday, October 7th will be issued a $0.4249 dividend. This represents a $1.70 annualized dividend and a yield of 3.75%. The ex-dividend date is Wednesday, October 5th. This is a boost from The Toronto-Dominion Bank’s previous quarterly dividend of $0.42.
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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