The Toronto-Dominion Bank (TSE:TD) Receives C$128.17 Consensus PT from Brokerages

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) has received a consensus recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$128.58.

A number of brokerages have weighed in on TD. UBS Group upped their price target on Toronto-Dominion Bank from C$122.00 to C$126.00 in a research report on Monday, December 8th. Canaccord Genuity Group boosted their target price on shares of Toronto-Dominion Bank from C$122.00 to C$126.00 in a research note on Friday, December 5th. Desjardins upped their target price on shares of Toronto-Dominion Bank from C$126.00 to C$133.00 and gave the stock a “buy” rating in a report on Thursday, December 18th. Scotiabank increased their target price on shares of Toronto-Dominion Bank from C$114.00 to C$125.00 and gave the stock a “sector perform” rating in a research report on Friday, December 5th. Finally, BMO Capital Markets boosted their price target on shares of Toronto-Dominion Bank from C$128.00 to C$135.00 in a research report on Wednesday, December 17th.

Toronto-Dominion Bank Stock Down 0.4%

TSE:TD opened at C$130.16 on Monday. The firm has a market capitalization of C$219.90 billion, a PE ratio of 11.26, a price-to-earnings-growth ratio of 1.22 and a beta of 1.03. Toronto-Dominion Bank has a 12-month low of C$76.33 and a 12-month high of C$132.72. The firm has a 50-day moving average price of C$121.38 and a 200 day moving average price of C$110.81.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last released its quarterly earnings data on Thursday, December 4th. The company reported C$2.18 earnings per share for the quarter. Toronto-Dominion Bank had a return on equity of 7.84% and a net margin of 15.80%.The company had revenue of C$16.03 billion for the quarter. On average, research analysts expect that Toronto-Dominion Bank will post 7.2160149 EPS for the current year.

Toronto-Dominion Bank Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Friday, October 31st were issued a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Friday, October 10th. Toronto-Dominion Bank’s payout ratio is presently 36.33%.

About Toronto-Dominion Bank

Toronto-Dominion is one of Canada’s two largest banks and operates three business segments: Canadian retail banking, U.S. retail banking, and wholesale banking. The bank’s U.S. operations span from Maine to Florida, with a strong presence in the Northeast. It also has a 13% ownership stake in Charles Schwab.