The Toronto-Dominion Bank (TSE:TD) Receives C$89.23 Average Target Price from Analysts

The Toronto-Dominion Bank (TSE:TDGet Free Report) (NYSE:TD) has earned an average rating of “Moderate Buy” from the thirteen analysts that are currently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$89.05.

TD has been the subject of several research analyst reports. CIBC reduced their target price on shares of Toronto-Dominion Bank from C$86.00 to C$83.50 and set a “neutral” rating for the company in a report on Monday, May 6th. Scotiabank reduced their price objective on Toronto-Dominion Bank from C$93.00 to C$90.00 and set an “outperform” rating for the company in a report on Friday. Bank of America lowered their target price on Toronto-Dominion Bank from C$88.00 to C$86.00 in a research note on Wednesday, February 14th. Jefferies Financial Group reduced their price target on Toronto-Dominion Bank from C$82.00 to C$74.00 and set a “hold” rating for the company in a research note on Monday, May 6th. Finally, National Bankshares lowered their price objective on Toronto-Dominion Bank from C$92.00 to C$84.00 and set a “sector perform” rating on the stock in a research report on Friday, May 3rd.

Check Out Our Latest Stock Analysis on Toronto-Dominion Bank

Toronto-Dominion Bank Stock Up 0.6 %

TD opened at C$77.95 on Wednesday. Toronto-Dominion Bank has a 12-month low of C$73.98 and a 12-month high of C$87.10. The business has a 50 day moving average of C$79.69 and a 200-day moving average of C$81.34. The stock has a market cap of C$137.97 billion, a price-to-earnings ratio of 12.31, a PEG ratio of 1.08 and a beta of 0.82.

Toronto-Dominion Bank (TSE:TDGet Free Report) (NYSE:TD) last announced its quarterly earnings results on Thursday, February 29th. The company reported C$2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.93 by C$0.07. Toronto-Dominion Bank had a return on equity of 10.72% and a net margin of 23.86%. The business had revenue of C$13.71 billion during the quarter, compared to the consensus estimate of C$12.63 billion. As a group, analysts expect that Toronto-Dominion Bank will post 7.8263052 earnings per share for the current year.

Toronto-Dominion Bank Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 30th were issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 5.23%. The ex-dividend date of this dividend was Monday, April 8th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 64.45%.

About Toronto-Dominion Bank

(Get Free Report

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.

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Analyst Recommendations for Toronto-Dominion Bank (TSE:TD)

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