Analysts Set Toronto Dominion Bank (The) (NYSE:TD) Price Target at $93.00

Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) has earned a consensus rating of “Moderate Buy” from the nine research firms that are presently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $93.00.

A number of analysts recently issued reports on the company. National Bank Financial raised Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 18th. Natl Bk Canada upgraded shares of Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 17th. Weiss Ratings restated a “buy (b)” rating on shares of Toronto Dominion Bank in a report on Wednesday, October 8th. Wall Street Zen lowered shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research note on Saturday, January 10th. Finally, Royal Bank Of Canada raised Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research note on Friday, October 3rd.

Hedge Funds Weigh In On Toronto Dominion Bank

Large investors have recently bought and sold shares of the company. CogentBlue Wealth Advisors LLC acquired a new stake in shares of Toronto Dominion Bank in the fourth quarter valued at approximately $206,000. YHB Investment Advisors Inc. bought a new position in Toronto Dominion Bank in the fourth quarter valued at $233,000. Blue Trust Inc. increased its stake in Toronto Dominion Bank by 2,248.9% in the 4th quarter. Blue Trust Inc. now owns 5,238 shares of the bank’s stock valued at $493,000 after buying an additional 5,015 shares during the last quarter. Applied Capital LLC FL lifted its position in Toronto Dominion Bank by 1.2% during the 4th quarter. Applied Capital LLC FL now owns 24,041 shares of the bank’s stock worth $2,265,000 after buying an additional 281 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC boosted its stake in shares of Toronto Dominion Bank by 5.6% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 9,773 shares of the bank’s stock worth $921,000 after buying an additional 516 shares during the last quarter. Institutional investors and hedge funds own 52.37% of the company’s stock.

Toronto Dominion Bank Price Performance

TD opened at $93.79 on Thursday. The stock has a market cap of $157.41 billion, a P/E ratio of 11.13, a P/E/G ratio of 1.31 and a beta of 0.67. Toronto Dominion Bank has a 12 month low of $54.14 and a 12 month high of $96.44. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.09. The company has a fifty day simple moving average of $89.15 and a 200 day simple moving average of $81.07.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last posted its earnings results on Thursday, December 4th. The bank reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.10. The firm had revenue of $11.44 billion during the quarter, compared to analysts’ expectations of $10.10 billion. Toronto Dominion Bank had a return on equity of 13.90% and a net margin of 16.52%.The company’s revenue was down .1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.72 earnings per share. On average, research analysts expect that Toronto Dominion Bank will post 5.48 EPS for the current year.

Toronto Dominion Bank Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, January 31st. Investors of record on Friday, January 9th will be given a $1.08 dividend. The ex-dividend date of this dividend is Friday, January 9th. This represents a $4.32 dividend on an annualized basis and a yield of 4.6%. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $1.05. Toronto Dominion Bank’s payout ratio is 37.37%.

About Toronto Dominion Bank

Toronto-Dominion Bank (TD) is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. Formed through the 1955 merger of the Bank of Toronto (founded 1855) and the Dominion Bank (founded 1869), TD is one of Canada’s largest banks and offers a broad range of financial products and services to individual, small business, commercial and institutional clients.

TD’s core businesses include Canadian and U.S. personal and commercial banking, wealth management, wholesale banking and insurance.