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

The Toronto-Dominion Bank (TSE:TDGet Free Report) (NYSE:TD) has been given a consensus rating of “Moderate Buy” by the fifteen brokerages that are currently covering the firm, reports. Two analysts have rated the stock with a sell recommendation, four have issued a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$86.97.

A number of equities analysts recently weighed in on TD shares. Canaccord Genuity Group boosted their target price on shares of Toronto-Dominion Bank from C$91.00 to C$93.50 and gave the stock a “buy” rating in a report on Friday, May 24th. Scotiabank decreased their price objective on shares of Toronto-Dominion Bank from C$90.00 to C$87.00 and set an “outperform” rating on the stock in a report on Friday, May 24th. CIBC upgraded shares of Toronto-Dominion Bank from a “neutral” rating to an “outperform” rating and upped their price objective for the company from C$83.50 to C$88.00 in a report on Friday, May 24th. National Bank Financial downgraded shares of Toronto-Dominion Bank from a “hold” rating to a “strong sell” rating in a report on Thursday, May 23rd. Finally, Jefferies Financial Group decreased their price objective on shares of Toronto-Dominion Bank from C$76.00 to C$73.00 and set a “hold” rating on the stock in a report on Thursday, June 6th.

View Our Latest Report on Toronto-Dominion Bank

Toronto-Dominion Bank Stock Up 1.1 %

TSE TD opened at C$76.00 on Thursday. Toronto-Dominion Bank has a 12-month low of C$73.67 and a 12-month high of C$87.10. The company has a market capitalization of C$133.76 billion, a PE ratio of 12.93, a price-to-earnings-growth ratio of 1.08 and a beta of 0.82. The firm’s 50 day moving average is C$75.95 and its 200-day moving average is C$79.46.

Toronto-Dominion Bank (TSE:TDGet Free Report) (NYSE:TD) last issued its earnings results on Thursday, May 23rd. The company reported C$2.04 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.84 by C$0.20. The business had revenue of C$13.82 billion for the quarter, compared to the consensus estimate of C$13.38 billion. Toronto-Dominion Bank had a net margin of 21.91% and a return on equity of 9.89%. As a group, sell-side analysts expect that Toronto-Dominion Bank will post 7.8691589 EPS for the current year.

Toronto-Dominion Bank Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 10th will be given a dividend of $1.02 per share. The ex-dividend date is Wednesday, July 10th. This represents a $4.08 annualized dividend and a yield of 5.37%. Toronto-Dominion Bank’s dividend payout ratio is 69.39%.

About Toronto-Dominion Bank

(Get Free Report

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.

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Analyst Recommendations for Toronto-Dominion Bank (TSE:TD)

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