The Toronto-Dominion Bank (TSE:TD) Given Consensus Rating of “Moderate Buy” by Brokerages

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) has been given an average recommendation of “Moderate Buy” by the thirteen brokerages that are presently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$87.79.

TD has been the topic of a number of recent analyst reports. Bank of America increased their price target on Toronto-Dominion Bank from C$85.00 to C$90.00 in a research note on Friday, August 23rd. Scotiabank reduced their target price on Toronto-Dominion Bank from C$87.00 to C$86.00 in a research report on Monday, August 19th. CIBC lifted their price target on Toronto-Dominion Bank from C$88.00 to C$100.00 in a report on Friday, September 6th. National Bankshares raised shares of Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating and raised their target price for the stock from C$74.00 to C$78.00 in a research report on Friday, August 23rd. Finally, Royal Bank of Canada lowered their target price on shares of Toronto-Dominion Bank from C$89.00 to C$88.00 and set an “outperform” rating for the company in a report on Friday, August 23rd.

Toronto-Dominion Bank Trading Down 1.4 %

TSE:TD opened at C$86.31 on Tuesday. Toronto-Dominion Bank has a 12-month low of C$73.67 and a 12-month high of C$87.99. The firm has a market cap of C$151.04 billion, a price-to-earnings ratio of 19.98, a price-to-earnings-growth ratio of 1.08 and a beta of 0.82. The company’s 50-day moving average is C$81.06 and its two-hundred day moving average is C$79.05.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last announced its quarterly earnings data on Thursday, August 22nd. The company reported C$2.05 earnings per share (EPS) for the quarter, missing the consensus estimate of C$2.07 by C($0.02). The firm had revenue of C$14.18 billion for the quarter, compared to analysts’ expectations of C$14.12 billion. Toronto-Dominion Bank had a net margin of 15.72% and a return on equity of 7.33%. On average, equities research analysts forecast that Toronto-Dominion Bank will post 8.2283835 earnings per share for the current fiscal year.

Toronto-Dominion Bank Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 10th will be given a dividend of $1.02 per share. The ex-dividend date is Thursday, October 10th. This represents a $4.08 dividend on an annualized basis and a yield of 4.73%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 94.44%.

Toronto-Dominion Bank Company Profile

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.