The Toronto-Dominion Bank (TSE:TD) Receives Consensus Rating of “Hold” from Brokerages

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) has been assigned an average rating of “Hold” from the thirteen ratings firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$86.50.

A number of equities research analysts have issued reports on the company. Royal Bank of Canada downgraded Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from C$88.00 to C$82.00 in a research report on Friday, October 11th. Desjardins lowered Toronto-Dominion Bank from a “moderate buy” rating to a “hold” rating in a report on Thursday, December 5th. BMO Capital Markets raised shares of Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating and set a C$90.00 price objective for the company in a research note on Thursday, December 19th. Scotiabank cut shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from C$98.00 to C$81.00 in a research report on Friday, December 6th. Finally, Barclays lowered shares of Toronto-Dominion Bank from a “hold” rating to a “strong sell” rating in a report on Thursday, November 21st.

Toronto-Dominion Bank Price Performance

TSE TD opened at C$76.53 on Thursday. The stock has a market capitalization of C$133.93 billion, a PE ratio of 17.72, a P/E/G ratio of 1.22 and a beta of 0.82. Toronto-Dominion Bank has a 1-year low of C$73.22 and a 1-year high of C$87.99. The business has a 50 day simple moving average of C$77.39 and a two-hundred day simple moving average of C$79.12.

Toronto-Dominion Bank Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 31st will be paid a $1.05 dividend. The ex-dividend date is Friday, January 10th. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $1.02. This represents a $4.20 dividend on an annualized basis and a yield of 5.49%. Toronto-Dominion Bank’s dividend payout ratio is 94.44%.

Toronto-Dominion Bank Company Profile

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.