The Toronto-Dominion Bank (TSE:TD) Stock Has Average Price Target of C$171.08 According to Analysts

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) has earned a consensus rating of “Moderate Buy” from the eleven ratings firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$171.08.

TD has been the topic of a number of research analyst reports. National Bank Financial raised their price objective on shares of Toronto-Dominion Bank from C$190.00 to C$196.00 and gave the stock an “outperform” rating in a report on Sunday, August 30th. Canaccord Genuity Group reduced their target price on shares of Toronto-Dominion Bank from C$197.00 to C$196.00 in a research note on Thursday, September 3rd. Royal Bank Of Canada increased their target price on Toronto-Dominion Bank from C$156.00 to C$173.00 and gave the stock an “outperform” rating in a report on Friday, August 28th. Barclays increased their target price on Toronto-Dominion Bank from C$164.00 to C$167.00 and gave the stock an “underweight” rating in a report on Friday, August 28th. Finally, Scotiabank lifted their price target on Toronto-Dominion Bank from C$180.00 to C$187.00 and gave the company a “sector outperform” rating in a research note on Friday, August 28th.

Toronto-Dominion Bank Stock Performance

TSE TD opened at C$174.75 on Friday. The stock has a market cap of C$285.37 billion, a price-to-earnings ratio of 18.71, a PEG ratio of 1.22 and a beta of 0.84. The business has a 50 day simple moving average of C$169.54 and a 200 day simple moving average of C$153.99. Toronto-Dominion Bank has a 52-week low of C$112.26 and a 52-week high of C$178.95.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last announced its quarterly earnings results on Thursday, August 27th. The company reported C$2.77 earnings per share for the quarter. Toronto-Dominion Bank had a net margin of 14.36% and a return on equity of 12.83%. The firm had revenue of C$16.93 billion for the quarter. On average, analysts predict that Toronto-Dominion Bank will post 7.22 EPS for the current year.

Toronto-Dominion Bank Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, October 31st. Stockholders of record on Saturday, October 31st were issued a $1.12 dividend. The ex-dividend date was Friday, October 9th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 2.6%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 46.36%.

Insider Buying and Selling

In related news, insider Kelvin Vi Luan Tran sold 8,000 shares of the stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of C$172.92, for a total transaction of C$1,383,360.00. Following the completion of the transaction, the insider owned 23,877 shares in the company, valued at approximately C$4,128,810.84. This represents a 25.10% decrease in their ownership of the stock. Insiders own 0.08% of the company’s stock.

About Toronto-Dominion Bank

TD Asset Management Inc (‘TDAM’), a member of TD Bank Group, is a Canadian investment management firm with a growing global presence. Bringing together three decades of investment experience, our broad selection of strategies and solutions includes fundamental equities, quantitative and passive equities, fixed income across the credit quality spectrum and alternatives, such as private credit, infrastructure and real estate. TDAM offers institutional investment solutions to corporations, pension funds, endowments and foundations, sovereign wealth funds and superannuation funds, among others.