The Toronto-Dominion Bank (TSE:TD) Receives C$91.02 Average PT from Analysts

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) has earned a consensus recommendation of “Moderate Buy” from the twelve analysts that are currently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$91.02.

Several research firms recently issued reports on TD. Bank of America dropped their price target on shares of Toronto-Dominion Bank from C$88.00 to C$86.00 in a research report on Wednesday, February 14th. BMO Capital Markets raised their price objective on shares of Toronto-Dominion Bank from C$81.00 to C$86.00 in a report on Friday, April 5th. Scotiabank raised shares of Toronto-Dominion Bank from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from C$86.00 to C$93.00 in a report on Wednesday, April 17th. CIBC decreased their price target on shares of Toronto-Dominion Bank from C$88.00 to C$86.00 and set a “neutral” rating on the stock in a research note on Friday, March 8th. Finally, Canaccord Genuity Group increased their price target on shares of Toronto-Dominion Bank from C$95.00 to C$96.00 and gave the company a “buy” rating in a research note on Friday, March 1st.

Toronto-Dominion Bank Stock Performance

Shares of TD opened at C$80.37 on Friday. The company has a 50-day simple moving average of C$80.62 and a 200-day simple moving average of C$81.42. The firm has a market capitalization of C$142.25 billion, a P/E ratio of 12.70, a P/E/G ratio of 1.08 and a beta of 0.83. Toronto-Dominion Bank has a 52 week low of C$75.89 and a 52 week high of C$87.10.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last announced its quarterly earnings data on Thursday, February 29th. The company reported C$2.00 EPS for the quarter, beating analysts’ consensus estimates of C$1.93 by C$0.07. The business had revenue of C$13.71 billion during the quarter, compared to analyst estimates of C$12.63 billion. Toronto-Dominion Bank had a net margin of 23.86% and a return on equity of 10.72%. As a group, equities analysts forecast that Toronto-Dominion Bank will post 7.8683417 earnings per share for the current year.

Toronto-Dominion Bank Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 30th will be issued a dividend of $1.02 per share. The ex-dividend date is Monday, April 8th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 5.08%. Toronto-Dominion Bank’s payout ratio is 64.45%.

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.