Brokerages Set The Toronto-Dominion Bank (TSE:TD) PT at C$87.32

The Toronto-Dominion Bank (TSE:TDGet Free Report) (NYSE:TD) has received a consensus rating of “Moderate Buy” from the fourteen analysts that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$87.32.

Several analysts recently commented on TD shares. Jefferies Financial Group cut their price objective on shares of Toronto-Dominion Bank from C$76.00 to C$73.00 and set a “hold” rating on the stock in a research report on Thursday, June 6th. National Bank Financial downgraded shares of Toronto-Dominion Bank from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 23rd. Royal Bank of Canada increased their price objective on shares of Toronto-Dominion Bank from C$87.00 to C$89.00 and gave the company an “outperform” rating in a research report on Friday, May 24th. Canaccord Genuity Group increased their price objective on shares of Toronto-Dominion Bank from C$91.00 to C$93.50 and gave the company a “buy” rating in a research report on Friday, May 24th. Finally, Desjardins dropped their price target on shares of Toronto-Dominion Bank from C$93.00 to C$91.00 and set a “buy” rating on the stock in a report on Friday, May 24th.

View Our Latest Stock Report on Toronto-Dominion Bank

Toronto-Dominion Bank Trading Down 1.6 %

Shares of TSE TD opened at C$74.56 on Friday. Toronto-Dominion Bank has a 12 month low of C$73.98 and a 12 month high of C$87.10. The firm has a market capitalization of C$131.23 billion, a PE ratio of 12.68, a price-to-earnings-growth ratio of 1.08 and a beta of 0.82. The firm has a fifty day simple moving average of C$77.74 and a two-hundred day simple moving average of C$80.50.

Toronto-Dominion Bank (TSE:TDGet Free Report) (NYSE:TD) last released its earnings results on Thursday, May 23rd. The company reported C$2.04 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.84 by C$0.20. The firm had revenue of C$13.82 billion for the quarter, compared to the consensus estimate of C$13.38 billion. Toronto-Dominion Bank had a net margin of 21.91% and a return on equity of 9.89%. On average, sell-side analysts predict that Toronto-Dominion Bank will post 7.8691589 earnings per share for the current year.

Toronto-Dominion Bank Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 10th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 5.47%. The ex-dividend date of this dividend is Wednesday, July 10th. Toronto-Dominion Bank’s payout ratio is 69.39%.

Toronto-Dominion Bank Company Profile

(Get Free Report

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

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