The Toronto-Dominion Bank (TSE:TD) Given Consensus Recommendation of “Hold” by Analysts

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) has been given a consensus rating of “Hold” by the twelve research firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$90.85.

Several equities analysts have commented on the stock. Barclays increased their price objective on shares of Toronto-Dominion Bank from C$83.00 to C$91.00 in a research report on Monday, June 9th. Scotiabank upgraded shares of Toronto-Dominion Bank to a “hold” rating in a research report on Wednesday, May 14th. Canaccord Genuity Group set a C$101.00 price objective on shares of Toronto-Dominion Bank and gave the company a “buy” rating in a research report on Tuesday. CIBC increased their price objective on shares of Toronto-Dominion Bank from C$96.00 to C$99.00 and gave the company an “outperform” rating in a research report on Thursday, June 5th. Finally, National Bankshares set a C$80.00 price objective on shares of Toronto-Dominion Bank and gave the company a “sector perform” rating in a research report on Thursday, May 22nd.

Toronto-Dominion Bank Stock Performance

Shares of TD opened at C$98.84 on Thursday. Toronto-Dominion Bank has a fifty-two week low of C$73.22 and a fifty-two week high of C$98.98. The company’s fifty day moving average is C$91.77 and its 200 day moving average is C$85.28. The stock has a market capitalization of C$173.40 billion, a PE ratio of 19.58, a P/E/G ratio of 1.22 and a beta of 0.82.

Toronto-Dominion Bank Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 10th will be paid a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 4.25%. Toronto-Dominion Bank’s dividend payout ratio is presently 80.84%.

Insider Buying and Selling

In related news, Senior Officer Melanie Burns sold 6,272 shares of the firm’s stock in a transaction dated Friday, June 20th. The shares were sold at an average price of C$97.46, for a total value of C$611,269.12. Also, Director Ana Arsov purchased 3,483 shares of Toronto-Dominion Bank stock in a transaction that occurred on Friday, April 11th. The stock was bought at an average cost of C$80.24 per share, for a total transaction of C$279,475.92. In the last 90 days, insiders have purchased 31,154 shares of company stock valued at $2,567,191 and have sold 81,612 shares valued at $7,748,610. 0.08% of the stock is currently owned by insiders.

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.