Toronto-Dominion Bank (TSE:TD) Upgraded by Raymond James Financial to “Moderate Buy” Rating

Raymond James Financial upgraded shares of Toronto-Dominion Bank (TSE:TD) (NYSE:TD) from a hold rating to a moderate buy rating in a research report sent to investors on Tuesday,Zacks.com reports.

Other research analysts have also issued reports about the company. Barclays raised their price objective on Toronto-Dominion Bank from C$133.00 to C$135.00 in a research report on Friday, February 27th. Scotiabank upgraded Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the stock from C$142.00 to C$150.00 in a research note on Monday, May 4th. National Bank Financial boosted their target price on shares of Toronto-Dominion Bank from C$138.00 to C$146.00 and gave the company an “outperform” rating in a research note on Friday, February 27th. Jefferies Financial Group decreased their price target on Toronto-Dominion Bank from C$130.00 to C$128.00 in a research note on Wednesday, February 11th. Finally, Canaccord Genuity Group raised their price objective on shares of Toronto-Dominion Bank from C$147.00 to C$149.00 and gave the company a “buy” rating in a research note on Monday, March 9th. Seven research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Toronto-Dominion Bank currently has an average rating of “Moderate Buy” and an average price target of C$140.42.

Toronto-Dominion Bank Stock Performance

Shares of TD opened at C$147.59 on Tuesday. The stock has a fifty day moving average of C$136.54 and a two-hundred day moving average of C$128.89. Toronto-Dominion Bank has a fifty-two week low of C$88.50 and a fifty-two week high of C$149.08. The company has a market capitalization of C$246.30 billion, a PE ratio of 11.95, a price-to-earnings-growth ratio of 1.22 and a beta of 0.92.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last released its earnings results on Thursday, February 26th. The company reported C$2.44 earnings per share (EPS) for the quarter. The business had revenue of C$16.63 billion for the quarter. Toronto-Dominion Bank had a net margin of 19.11% and a return on equity of 17.26%. As a group, equities research analysts forecast that Toronto-Dominion Bank will post 7.2160149 earnings per share for the current fiscal year.

Toronto-Dominion Bank Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Thursday, April 30th were given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Thursday, April 9th. Toronto-Dominion Bank’s payout ratio is presently 34.25%.

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.