The Toronto-Dominion Bank (TSE:TD) Stock Has Average Target Price of C$171.08 According to Brokerages

Key Points

• Analysts have a moderately bullish view of TD: Seven of 11 covering firms rate the stock a buy, while three recommend holding and one recommends selling. The average 12-month price target is C$171.08.
• Several brokerages recently raised their targets, including Scotiabank to C$187 and CIBC to C$188, while maintaining generally positive or neutral ratings.
• TD shares opened at C$168.06 and offer a quarterly dividend of C$1.12, equivalent to an annualized C$4.48 payout and a 2.7% yield. An insider recently sold 8,000 shares, reducing their holdings by 25.1%.

The Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD has received an average recommendation of "Moderate Buy" from the eleven research firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is C$171.08.

A number of analysts have weighed in on the company. Scotiabank boosted their price target on Toronto-Dominion Bank from C$180.00 to C$187.00 and gave the stock a "sector outperform" rating in a research report on Friday, August 28th. Raymond James Financial raised their price target on shares of Toronto-Dominion Bank from C$155.00 to C$180.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 12th. Canadian Imperial Bank of Commerce upped their target price on Toronto-Dominion Bank from C$184.00 to C$188.00 and gave the company a "neutral" rating in a research note on Thursday, September 3rd. Desjardins set a C$183.00 price target on shares of Toronto-Dominion Bank and gave the stock a "buy" rating in a research note on Wednesday, September 2nd. Finally, Royal Bank Of Canada boosted their target price on shares of Toronto-Dominion Bank from C$156.00 to C$173.00 and gave the company an "outperform" rating in a research note on Friday, August 28th.

Insider Buying and Selling at Toronto-Dominion Bank

In other Toronto-Dominion Bank news, insider Kelvin Vi Luan Tran sold 8,000 shares of the business's stock in a transaction dated Tuesday, September 22nd. The shares were sold at an average price of C$172.92, for a total value of C$1,383,360.00. Following the completion of the transaction, the insider directly owned 23,877 shares of the company's stock, valued at approximately C$4,128,810.84. The trade was a 25.10% decrease in their ownership of the stock. Corporate insiders own 0.08% of the company's stock.

Toronto-Dominion Bank Trading Up 0.5%

Shares of TSE TD opened at C$168.06 on Wednesday. The business has a 50-day moving average price of C$168.17 and a two-hundred day moving average price of C$158.75. Toronto-Dominion Bank has a one year low of C$109.50 and a one year high of C$175.33. The firm has a market capitalization of C$274.44 billion, a PE ratio of 17.99, a PEG ratio of 1.22 and a beta of 0.84.

Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD last released its quarterly earnings data on Thursday, August 27th. The company reported C$2.77 earnings per share for the quarter. Toronto-Dominion Bank had a net margin of 14.36% and a return on equity of 12.83%. The firm had revenue of C$16.93 billion for the quarter. Research analysts anticipate that Toronto-Dominion Bank will post 7.2160149 EPS for the current year.

Toronto-Dominion Bank Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, October 31st. Stockholders of record on Saturday, October 31st will be paid a $1.12 dividend. The ex-dividend date is Friday, October 9th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 2.7%. Toronto-Dominion Bank's dividend payout ratio (DPR) is 46.36%.

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.

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