Toronto-Dominion Bank (TSE:TD) Sets New 52-Week High – Still a Buy?

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) reached a new 52-week high during trading on Monday . The stock traded as high as C$159.35 and last traded at C$158.99, with a volume of 185834 shares changing hands. The stock had previously closed at C$157.74.

Analysts Set New Price Targets

TD has been the topic of several research reports. Royal Bank Of Canada lowered their price target on shares of Toronto-Dominion Bank from C$148.00 to C$138.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 25th. Canadian Imperial Bank of Commerce raised their price objective on shares of Toronto-Dominion Bank from C$151.00 to C$164.00 and gave the stock a “neutral” rating in a report on Friday, May 29th. Barclays boosted their target price on shares of Toronto-Dominion Bank from C$135.00 to C$140.00 and gave the company an “underweight” rating in a report on Friday, May 29th. BMO Capital Markets raised their price target on Toronto-Dominion Bank from C$135.00 to C$144.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. Finally, Raymond James Financial boosted their price objective on Toronto-Dominion Bank from C$152.50 to C$155.00 and gave the company an “outperform” rating in a research note on Friday, May 29th. Seven equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$149.75.

Toronto-Dominion Bank Trading Up 0.3%

The stock has a market cap of C$264.21 billion, a P/E ratio of 18.77, a price-to-earnings-growth ratio of 1.22 and a beta of 0.92. The stock’s fifty day moving average price is C$146.14 and its 200 day moving average price is C$134.49.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last issued its quarterly earnings results on Thursday, May 28th. The company reported C$2.38 earnings per share (EPS) for the quarter. Toronto-Dominion Bank had a return on equity of 11.85% and a net margin of 13.21%.The firm had revenue of C$16.04 billion during the quarter. On average, analysts anticipate that The Toronto-Dominion Bank will post 7.2160149 earnings per share for the current year.

Toronto-Dominion Bank Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Thursday, April 30th were issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Thursday, April 9th. Toronto-Dominion Bank’s payout ratio is presently 50.00%.

Insider Transactions at Toronto-Dominion Bank

In other Toronto-Dominion Bank news, insider Kelvin Vi Luan Tran sold 8,498 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of C$156.61, for a total transaction of C$1,330,871.78. Following the completion of the sale, the insider directly owned 26,677 shares in the company, valued at C$4,177,884.97. This represents a 24.16% decrease in their ownership of the stock. 0.08% of the stock is currently owned by insiders.

Toronto-Dominion Bank Company Profile

TD Asset Management Inc (‘TDAM’), a member of TD Bank Group, is a Canadian investment management firm with a growing global presence. Bringing together three decades of investment experience, our broad selection of strategies and solutions includes fundamental equities, quantitative and passive equities, fixed income across the credit quality spectrum and alternatives, such as private credit, infrastructure and real estate. TDAM offers institutional investment solutions to corporations, pension funds, endowments and foundations, sovereign wealth funds and superannuation funds, among others.