The Toronto-Dominion Bank (TSE:TD – Get Free Report) (NYSE:TD) has earned an average rating of “Moderate Buy” from the fifteen research firms that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$86.97.
TD has been the subject of several analyst reports. Desjardins dropped their target price on Toronto-Dominion Bank from C$93.00 to C$91.00 and set a “buy” rating for the company in a research note on Friday, May 24th. Scotiabank lowered their price target on Toronto-Dominion Bank from C$90.00 to C$87.00 and set an “outperform” rating for the company in a research report on Friday, May 24th. Jefferies Financial Group lowered their price target on Toronto-Dominion Bank from C$76.00 to C$73.00 and set a “hold” rating for the company in a research report on Thursday, June 6th. Cibc World Mkts raised Toronto-Dominion Bank from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 24th. Finally, CIBC raised Toronto-Dominion Bank from a “neutral” rating to an “outperform” rating and boosted their price target for the company from C$83.50 to C$88.00 in a research report on Friday, May 24th.
Read Our Latest Stock Analysis on Toronto-Dominion Bank
Toronto-Dominion Bank Price Performance
Toronto-Dominion Bank (TSE:TD – Get Free Report) (NYSE:TD) last posted its earnings results on Thursday, May 23rd. The company reported C$2.04 EPS for the quarter, topping analysts’ consensus estimates of C$1.84 by C$0.20. Toronto-Dominion Bank had a return on equity of 9.89% and a net margin of 21.91%. The company had revenue of C$13.82 billion for the quarter, compared to the consensus estimate of C$13.38 billion. On average, equities research analysts anticipate that Toronto-Dominion Bank will post 7.8691589 EPS for the current fiscal year.
Toronto-Dominion Bank Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 10th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 5.38%. The ex-dividend date is Wednesday, July 10th. Toronto-Dominion Bank’s dividend payout ratio is 69.39%.
About Toronto-Dominion Bank
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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