Equities research analysts at Credit Suisse Group AG initiated coverage on shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) in a research report issued to clients and investors on Monday. The brokerage set an “outperform” rating on the stock.

Other research analysts also recently issued reports about the stock. TD Securities reiterated a “buy” rating and issued a $64.00 price target (up from $61.00) on shares of The Toronto-Dominion Bank in a research report on Monday, August 29th. Bank of America Corp. assumed coverage on shares of The Toronto-Dominion Bank in a research report on Tuesday, November 1st. They issued a “buy” rating on the stock. Scotiabank reiterated a “sector perform” rating and issued a $60.00 price target on shares of The Toronto-Dominion Bank in a research report on Wednesday, October 26th. Dundee Securities assumed coverage on shares of The Toronto-Dominion Bank in a research report on Wednesday, September 21st. They issued a “buy” rating on the stock. Finally, Zacks Investment Research downgraded shares of The Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Wednesday, October 26th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company’s stock. The Toronto-Dominion Bank presently has an average rating of “Buy” and a consensus target price of $57.81.

Analyst Recommendations for The Toronto-Dominion Bank (NYSE:TD)

The Toronto-Dominion Bank (NYSE:TD) traded down 0.69% on Monday, reaching $46.11. 85,581 shares of the company were exchanged. The firm has a 50-day moving average of $44.69 and a 200 day moving average of $43.98. The Toronto-Dominion Bank has a 12-month low of $33.49 and a 12-month high of $46.23. The firm has a market capitalization of $85.52 billion, a P/E ratio of 13.84 and a beta of 0.97.

The Toronto-Dominion Bank (NYSE:TD) last posted its quarterly earnings results on Thursday, August 25th. The company reported $1.27 EPS for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.06. The Toronto-Dominion Bank had a net margin of 21.02% and a return on equity of 13.56%. The firm had revenue of $8.70 billion for the quarter. During the same quarter in the previous year, the company earned $1.20 EPS. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. On average, equities analysts predict that The Toronto-Dominion Bank will post $3.60 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 31st. Shareholders of record on Friday, October 7th were paid a $0.4249 dividend. This is a boost from The Toronto-Dominion Bank’s previous quarterly dividend of $0.42. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date of this dividend was Wednesday, October 5th. The Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 49.85%.

Several institutional investors have recently modified their holdings of TD. Investment Partners Ltd. OH ADV acquired a new position in shares of The Toronto-Dominion Bank during the second quarter worth approximately $226,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in shares of The Toronto-Dominion Bank by 128.6% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 7,288 shares of the company’s stock worth $313,000 after buying an additional 4,100 shares during the last quarter. Gulf International Bank UK Ltd boosted its position in shares of The Toronto-Dominion Bank by 0.5% in the second quarter. Gulf International Bank UK Ltd now owns 557,490 shares of the company’s stock worth $23,830,000 after buying an additional 3,000 shares during the last quarter. Newman Dignan & Sheerar Inc. boosted its position in shares of The Toronto-Dominion Bank by 8.7% in the second quarter. Newman Dignan & Sheerar Inc. now owns 12,550 shares of the company’s stock worth $539,000 after buying an additional 1,000 shares during the last quarter. Finally, LVM Capital Management Ltd. MI boosted its position in shares of The Toronto-Dominion Bank by 4.0% in the second quarter. LVM Capital Management Ltd. MI now owns 167,890 shares of the company’s stock worth $7,208,000 after buying an additional 6,425 shares during the last quarter. 52.12% of the stock is owned by institutional investors and hedge funds.

About The Toronto-Dominion Bank

The Toronto-Dominion Bank (the Bank) operates as a bank in North America. The Bank is an online financial services firm, with over 10.2 million online and mobile customers. Its segments include Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. The Canadian Retail segment provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses.

5 Day Chart for NYSE:TD

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