Toronto-Dominion Bank (TSE:TD) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$79.34 and traded as high as C$79.60. Toronto-Dominion Bank shares last traded at C$79.31, with a volume of 13,619,651 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts have recently commented on TD shares. Scotiabank downgraded shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from C$98.00 to C$81.00 in a research report on Friday, December 6th. Cormark reduced their price target on shares of Toronto-Dominion Bank from C$99.00 to C$94.00 in a report on Friday, December 6th. Jefferies Financial Group raised shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating and increased their price objective for the stock from C$82.00 to C$90.00 in a research report on Thursday, December 12th. Canaccord Genuity Group boosted their target price on Toronto-Dominion Bank from C$87.00 to C$89.00 in a research report on Monday, December 16th. Finally, Royal Bank of Canada increased their price target on Toronto-Dominion Bank from C$77.00 to C$86.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Toronto-Dominion Bank currently has an average rating of “Hold” and a consensus target price of C$86.83.

Toronto-Dominion Bank Stock Up 4.4 %

The company has a 50-day moving average of C$77.51 and a 200-day moving average of C$79.40. The company has a market cap of C$145.48 billion, a PE ratio of 19.24, a PEG ratio of 1.22 and a beta of 0.82.

Toronto-Dominion Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 31st will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 5.05%. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $1.02. The ex-dividend date is Friday, January 10th. Toronto-Dominion Bank’s payout ratio is currently 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.