Toronto Dominion Bank (The) (NYSE:TD) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) have earned an average rating of “Moderate Buy” from the nine analysts that are presently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $93.00.

A number of brokerages recently commented on TD. Wall Street Zen upgraded Toronto Dominion Bank from a “sell” rating to a “hold” rating in a report on Saturday. Natl Bk Canada upgraded Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 17th. National Bank Financial upgraded shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 18th. Weiss Ratings restated a “buy (b)” rating on shares of Toronto Dominion Bank in a report on Wednesday, January 21st. Finally, Jefferies Financial Group cut shares of Toronto Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, November 25th.

Toronto Dominion Bank Stock Down 0.3%

Toronto Dominion Bank stock opened at $95.33 on Monday. Toronto Dominion Bank has a fifty-two week low of $54.87 and a fifty-two week high of $99.04. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.03 and a current ratio of 1.03. The firm’s 50-day simple moving average is $94.06 and its 200 day simple moving average is $83.93. The stock has a market cap of $159.32 billion, a PE ratio of 11.31, a price-to-earnings-growth ratio of 1.31 and a beta of 0.67.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last posted its quarterly earnings data on Thursday, December 4th. The bank reported $1.56 EPS for the quarter, beating the consensus estimate of $1.46 by $0.10. Toronto Dominion Bank had a net margin of 16.52% and a return on equity of 13.90%. The firm had revenue of $11.44 billion during the quarter, compared to analyst estimates of $10.10 billion. During the same quarter last year, the business posted $1.72 EPS. The company’s revenue for the quarter was down .1% on a year-over-year basis. Research analysts predict that Toronto Dominion Bank will post 5.48 EPS for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, January 31st. Investors of record on Friday, January 9th were paid a $1.08 dividend. The ex-dividend date was Friday, January 9th. This is a positive change from Toronto Dominion Bank’s previous quarterly dividend of $1.05. This represents a $4.32 annualized dividend and a yield of 4.5%. Toronto Dominion Bank’s dividend payout ratio (DPR) is currently 37.37%.

Institutional Trading of Toronto Dominion Bank

Several hedge funds have recently made changes to their positions in the company. Harvest Fund Management Co. Ltd grew its stake in shares of Toronto Dominion Bank by 112.8% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 317 shares of the bank’s stock worth $30,000 after acquiring an additional 168 shares during the period. True Wealth Design LLC purchased a new stake in Toronto Dominion Bank during the third quarter valued at about $27,000. CBIZ Investment Advisory Services LLC purchased a new stake in Toronto Dominion Bank during the fourth quarter valued at about $34,000. Mather Group LLC. bought a new position in Toronto Dominion Bank during the third quarter worth about $30,000. Finally, Sachetta LLC purchased a new position in shares of Toronto Dominion Bank in the third quarter worth about $33,000. 52.37% of the stock is currently owned by institutional investors.

Toronto Dominion Bank Company Profile

Toronto-Dominion Bank (TD) is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. Formed through the 1955 merger of the Bank of Toronto (founded 1855) and the Dominion Bank (founded 1869), TD is one of Canada’s largest banks and offers a broad range of financial products and services to individual, small business, commercial and institutional clients.

TD’s core businesses include Canadian and U.S. personal and commercial banking, wealth management, wholesale banking and insurance.