Toronto-Dominion Bank (TSE:TD) Reaches New 12-Month High – What’s Next?

Shares of The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) reached a new 52-week high during trading on Tuesday . The stock traded as high as C$150.22 and last traded at C$148.09, with a volume of 326451 shares. The stock had previously closed at C$148.30.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Canaccord Genuity Group boosted their target price on shares of Toronto-Dominion Bank from C$147.00 to C$149.00 and gave the stock a “buy” rating in a research report on Monday, March 9th. BMO Capital Markets boosted their target price on shares of Toronto-Dominion Bank from C$135.00 to C$144.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. Scotiabank raised shares of Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from C$142.00 to C$150.00 in a research report on Monday, May 4th. Jefferies Financial Group reduced their price objective on shares of Toronto-Dominion Bank from C$130.00 to C$128.00 in a research note on Wednesday, February 11th. Finally, Barclays boosted their price objective on shares of Toronto-Dominion Bank from C$133.00 to C$135.00 in a research note on Friday, February 27th. Seven investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$143.04.

Toronto-Dominion Bank Stock Performance

The stock has a market capitalization of C$247.84 billion, a price-to-earnings ratio of 12.03, a PEG ratio of 1.22 and a beta of 0.92. The company’s 50 day moving average is C$137.66 and its 200 day moving average is C$129.84.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last released its earnings results on Thursday, February 26th. The company reported C$2.44 EPS for the quarter. The firm had revenue of C$16.63 billion during the quarter. Toronto-Dominion Bank had a net margin of 19.11% and a return on equity of 17.26%. On average, equities research analysts anticipate that The Toronto-Dominion Bank will post 7.2160149 earnings per share for the current fiscal year.

Toronto-Dominion Bank Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Thursday, April 30th were paid a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 2.9%. The ex-dividend date was Thursday, April 9th. Toronto-Dominion Bank’s dividend payout ratio is presently 34.25%.

Toronto-Dominion Bank Company Profile

TD Asset Management Inc (‘TDAM’), a member of TD Bank Group, is a Canadian investment management firm with a growing global presence. Bringing together three decades of investment experience, our broad selection of strategies and solutions includes fundamental equities, quantitative and passive equities, fixed income across the credit quality spectrum and alternatives, such as private credit, infrastructure and real estate. TDAM offers institutional investment solutions to corporations, pension funds, endowments and foundations, sovereign wealth funds and superannuation funds, among others.