Brokerages Set The Toronto-Dominion Bank (NYSE:TD) Price Target at $101.02

Shares of The Toronto-Dominion Bank (NYSE:TDGet Rating) (TSE:TD) have received a consensus rating of “Hold” from the fourteen brokerages that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $101.02.

Several brokerages recently weighed in on TD. CIBC downgraded shares of Toronto-Dominion Bank from an “outperform” rating to a “neutral” rating in a report on Monday, April 11th. Scotiabank cut their price target on shares of Toronto-Dominion Bank from C$105.00 to C$102.00 in a report on Friday, May 20th. Credit Suisse Group raised their price objective on shares of Toronto-Dominion Bank from C$102.00 to C$103.00 in a research note on Friday, May 27th. National Bank Financial raised their price objective on shares of Toronto-Dominion Bank from C$100.00 to C$102.00 in a research note on Friday, May 27th. Finally, Stifel Nicolaus raised their price objective on shares of Toronto-Dominion Bank from C$95.00 to C$97.00 in a research note on Friday, May 27th.

A number of hedge funds have recently made changes to their positions in the business. Fairfield Bush & CO. purchased a new stake in Toronto-Dominion Bank during the 1st quarter valued at about $26,000. EverSource Wealth Advisors LLC purchased a new stake in Toronto-Dominion Bank during the 4th quarter valued at about $27,000. Column Capital Advisors LLC grew its stake in Toronto-Dominion Bank by 830.0% during the 4th quarter. Column Capital Advisors LLC now owns 372 shares of the bank’s stock valued at $29,000 after acquiring an additional 332 shares in the last quarter. Vigilant Capital Management LLC purchased a new stake in Toronto-Dominion Bank during the 4th quarter valued at about $31,000. Finally, Benjamin Edwards Inc. purchased a new stake in Toronto-Dominion Bank during the 4th quarter valued at about $32,000. Institutional investors own 50.00% of the company’s stock.

Shares of NYSE:TD opened at $65.76 on Friday. Toronto-Dominion Bank has a twelve month low of $62.81 and a twelve month high of $86.01. The company’s 50 day moving average is $71.61 and its 200 day moving average is $76.51. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.12. The company has a market cap of $118.81 billion, a PE ratio of 10.24, a price-to-earnings-growth ratio of 1.29 and a beta of 0.95.

Toronto-Dominion Bank (NYSE:TDGet Rating) (TSE:TD) last issued its quarterly earnings results on Thursday, May 26th. The bank reported $2.02 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.45. Toronto-Dominion Bank had a net margin of 24.49% and a return on equity of 15.98%. The company had revenue of $11.26 billion for the quarter, compared to the consensus estimate of $10.18 billion. During the same quarter in the prior year, the company earned $1.62 EPS. Toronto-Dominion Bank’s quarterly revenue was up 10.1% on a year-over-year basis. Equities research analysts predict that Toronto-Dominion Bank will post 6.4 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Sunday, July 31st. Stockholders of record on Friday, July 8th will be given a dividend of $0.692 per share. The ex-dividend date of this dividend is Thursday, July 7th. This represents a $2.77 dividend on an annualized basis and a dividend yield of 4.21%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 44.39%.

Toronto-Dominion Bank Company Profile (Get Rating)

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The company offers personal deposits, such as chequing, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; and financing options to customers at point of sale for automotive and recreational vehicle purchases.

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Analyst Recommendations for Toronto-Dominion Bank (NYSE:TD)

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