Shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) have received a consensus recommendation of “Buy” from the thirteen analysts that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $66.50.

Several equities research analysts have recently commented on the company. BidaskClub cut Toronto Dominion Bank (The) from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. Zacks Investment Research upgraded Toronto Dominion Bank (The) from a “sell” rating to a “hold” rating in a research note on Thursday, June 1st. Barclays PLC upgraded Toronto Dominion Bank (The) from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, May 23rd. Howard Weil upgraded Toronto Dominion Bank (The) to an “outperform” rating in a research note on Monday, August 21st. Finally, Canaccord Genuity assumed coverage on Toronto Dominion Bank (The) in a research note on Tuesday, July 18th. They set a “buy” rating for the company.

COPYRIGHT VIOLATION WARNING: This story was reported by Daily Political and is the property of of Daily Political. If you are viewing this story on another website, it was stolen and reposted in violation of international trademark & copyright laws. The legal version of this story can be accessed at https://www.dailypolitical.com/2017/09/14/toronto-dominion-bank-the-td-receives-66-50-average-target-price-from-analysts.html.

A number of large investors have recently added to or reduced their stakes in the business. Family Management Corp raised its position in Toronto Dominion Bank (The) by 12.6% in the second quarter. Family Management Corp now owns 79,872 shares of the bank’s stock worth $4,024,000 after acquiring an additional 8,935 shares in the last quarter. Advisory Services Network LLC raised its position in Toronto Dominion Bank (The) by 26.1% in the second quarter. Advisory Services Network LLC now owns 2,353 shares of the bank’s stock worth $119,000 after acquiring an additional 487 shares in the last quarter. Beaton Management Co. Inc. purchased a new position in Toronto Dominion Bank (The) in the second quarter worth $3,709,000. Public Employees Retirement System of Ohio purchased a new position in Toronto Dominion Bank (The) in the second quarter worth $12,948,000. Finally, Koch Industries Inc. raised its position in Toronto Dominion Bank (The) by 6,081.3% in the second quarter. Koch Industries Inc. now owns 262,089 shares of the bank’s stock worth $257,000 after acquiring an additional 257,849 shares in the last quarter. Hedge funds and other institutional investors own 47.71% of the company’s stock.

Shares of Toronto Dominion Bank (TD) traded up 0.31% during midday trading on Friday, hitting $55.22. 1,090,983 shares of the stock were exchanged. The firm has a 50 day moving average of $51.85 and a 200-day moving average of $49.84. Toronto Dominion Bank has a one year low of $43.09 and a one year high of $55.24. The company has a market cap of $101.79 billion, a price-to-earnings ratio of 13.84 and a beta of 0.88.

Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) last issued its quarterly earnings data on Thursday, August 31st. The bank reported $1.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.06. Toronto Dominion Bank (The) had a return on equity of 14.71% and a net margin of 22.85%. The company had revenue of $9.29 billion during the quarter, compared to analysts’ expectations of $9.05 billion. During the same quarter in the previous year, the business earned $1.27 earnings per share. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. Equities analysts expect that Toronto Dominion Bank will post $4.57 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, October 6th will be given a $0.475 dividend. This is a boost from Toronto Dominion Bank (The)’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $1.90 annualized dividend and a yield of 3.44%. Toronto Dominion Bank (The)’s dividend payout ratio is presently 46.37%.

Toronto Dominion Bank (The) declared that its board has initiated a stock buyback program on Thursday, August 31st that allows the company to repurchase 20,000,000 shares. This repurchase authorization allows the bank to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Toronto Dominion Bank (The) Company Profile

Toronto-Dominion Bank (the Bank) is a Canada-based bank, which operates in the North America. It is an online financial services firm, with over 10.2 million online and mobile customers. Its segments include Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. The Canadian Retail segment provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses.

Analyst Recommendations for Toronto Dominion Bank (The) (NYSE:TD)

Receive News & Ratings for Toronto Dominion Bank (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toronto Dominion Bank (The) and related companies with MarketBeat.com's FREE daily email newsletter.