TD – The Toronto-Dominion Bank (TSE:TD) Given Consensus Recommendation of “Hold” by Brokerages
Shares of The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) have been given an average recommendation of “Hold” by the twelve ratings firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is C$81.43.
Several analysts recently issued reports on TD shares. CSFB boosted their price target on The Toronto-Dominion Bank from C$76.00 to C$77.00 in a research note on Thursday, March 4th. CIBC restated an “outperform” rating and set a C$88.00 price objective on shares of The Toronto-Dominion Bank in a research report on Tuesday, March 30th. National Bank Financial upped their target price on The Toronto-Dominion Bank from C$75.00 to C$82.00 and gave the stock a “sector perform” rating in a report on Friday, February 26th. Credit Suisse Group upped their target price on The Toronto-Dominion Bank to C$76.00 and gave the stock a “na” rating in a report on Friday, February 26th. Finally, Cormark restated a “na” rating and set a C$82.00 target price (down previously from C$83.00) on shares of The Toronto-Dominion Bank in a research report on Monday, March 1st.
Shares of TSE:TD traded up C$0.24 during trading on Friday, hitting C$82.86. 497,692 shares of the company’s stock traded hands, compared to its average volume of 7,078,094. The company has a 50-day moving average price of C$81.42 and a 200-day moving average price of C$72.14. The Toronto-Dominion Bank has a 52 week low of C$53.19 and a 52 week high of C$83.82. The company has a market cap of C$150.68 billion and a price-to-earnings ratio of 12.57.
The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last posted its quarterly earnings results on Thursday, February 25th. The company reported C$1.83 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$1.50 by C$0.33. The company had revenue of C$10.81 billion for the quarter, compared to analyst estimates of C$9.67 billion. Equities analysts forecast that The Toronto-Dominion Bank will post 7.04 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 30th. Stockholders of record on Friday, April 9th will be paid a $0.79 dividend. The ex-dividend date of this dividend is Thursday, April 8th. This represents a $3.16 annualized dividend and a dividend yield of 3.81%. The Toronto-Dominion Bank’s dividend payout ratio (DPR) is 47.94%.
The Toronto-Dominion Bank Company Profile
The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. The company operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. It offers personal deposits, such as chequing, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; financing options to customers at point of sale for automotive and recreational vehicle purchases through auto dealer network; credit cards; point-of-sale payment solutions for large and small businesses; wealth and asset management products, and advice to retail and institutional clients; and property and casualty insurance, as well as life and health insurance products.
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