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

Key Points

• Toronto-Dominion Bank has a “Moderate Buy” consensus rating from 11 brokerages, with seven buys, three holds and one sell. The average 12-month price target is C$171.08.
• Analyst targets were mixed but generally positive: Scotiabank raised its target to C$187, RBC to C$173 and Raymond James to C$180, while Canaccord trimmed its target to C$196.
• TD reported quarterly EPS of C$2.77 on C$16.93 billion in revenue and pays an annualized dividend of $4.48 per share, yielding approximately 2.6%. An insider also sold 8,000 shares, reducing their position by 25.1%.

The Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD has received a consensus recommendation of "Moderate Buy" from the eleven brokerages that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$171.08.

Several research firms have issued reports on TD. Scotiabank raised their target price on Toronto-Dominion Bank from C$180.00 to C$187.00 and gave the stock a "sector outperform" rating in a research note on Friday, August 28th. Jefferies Financial Group lifted their target price on Toronto-Dominion Bank from C$164.00 to C$165.00 in a research report on Thursday, September 3rd. Canaccord Genuity Group decreased their price target on Toronto-Dominion Bank from C$197.00 to C$196.00 in a research note on Thursday, September 3rd. Royal Bank Of Canada increased their price target on Toronto-Dominion Bank from C$156.00 to C$173.00 and gave the stock an "outperform" rating in a report on Friday, August 28th. Finally, Raymond James Financial increased their price target on Toronto-Dominion Bank from C$155.00 to C$180.00 and gave the stock an "outperform" rating in a report on Wednesday, August 12th.

Insider Activity

In other news, insider Kelvin Vi Luan Tran sold 8,000 shares of the company's stock in a transaction that occurred on 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 transaction, the insider directly owned 23,877 shares in the company, valued at approximately C$4,128,810.84. This represents a 25.10% decrease in their position. Company insiders own 0.08% of the company's stock.

Toronto-Dominion Bank Trading Down 2.3%

Toronto-Dominion Bank stock opened at C$174.04 on Friday. Toronto-Dominion Bank has a 12-month low of C$112.26 and a 12-month high of C$178.95. The stock has a market cap of C$284.21 billion, a P/E ratio of 18.63, a PEG ratio of 1.22 and a beta of 0.84. The company has a 50-day moving average price of C$169.00 and a 200 day moving average price of C$153.54.

Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD last released its quarterly earnings results on Thursday, August 27th. The company reported C$2.77 EPS for the quarter. The firm had revenue of C$16.93 billion for the quarter. Toronto-Dominion Bank had a net margin of 14.36% and a return on equity of 12.83%. As a group, analysts forecast that Toronto-Dominion Bank will post 7.22 EPS for the current year.

Toronto-Dominion Bank Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, October 31st. Shareholders of record on Saturday, October 31st were given a dividend of $1.12 per share. The ex-dividend date was Friday, October 9th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 2.6%. Toronto-Dominion Bank's dividend payout ratio (DPR) is currently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.