Toronto Dominion Bank (The) (NYSE:TD) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Analysts rate TD a “Moderate Buy”: Of nine analysts, four recommend buying, four recommend holding and one gives a strong-buy rating. The average 12-month price target is $156.
• Recent results were strong: TD reported approximately C$4.62 billion in quarterly profit, with EPS of $1.98 beating the $1.74 consensus estimate. Trading activity, deal-making and improved credit performance helped drive the earnings beat.
• Expansion and shareholder returns remain priorities: TD plans to open 100 new U.S. branches and declared a quarterly dividend of $1.12 per share, representing an annualized yield of about 3.7%.

Toronto Dominion Bank (The) (NYSE:TD - Get Free Report) TSE: TD has been given a consensus recommendation of "Moderate Buy" by the nine research firms that are covering the company, MarketBeat reports. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $156.00.

TD has been the subject of several recent research reports. Weiss Ratings raised shares of Toronto Dominion Bank from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday, August 5th. Keefe, Bruyette & Woods initiated coverage on shares of Toronto Dominion Bank in a report on Friday, August 21st. They set a "market perform" rating on the stock. Wall Street Zen raised shares of Toronto Dominion Bank from a "sell" rating to a "hold" rating in a research report on Saturday, August 22nd. Scotiabank upgraded Toronto Dominion Bank from a "sector perform" rating to a "sector outperform" rating in a report on Monday, May 4th. Finally, Royal Bank Of Canada raised their price objective on Toronto Dominion Bank from $138.00 to $156.00 and gave the company an "outperform" rating in a research report on Monday, June 1st.

Hedge Funds Weigh In On Toronto Dominion Bank

Several hedge funds and other institutional investors have recently bought and sold shares of TD. Main Line Retirement Advisors LLC grew its position in Toronto Dominion Bank by 0.8% in the first quarter. Main Line Retirement Advisors LLC now owns 12,254 shares of the bank's stock valued at $1,143,000 after acquiring an additional 102 shares in the last quarter. Chicago Partners Investment Group LLC lifted its position in shares of Toronto Dominion Bank by 1.8% during the first quarter. Chicago Partners Investment Group LLC now owns 5,735 shares of the bank's stock worth $535,000 after purchasing an additional 102 shares in the last quarter. Checchi Capital Advisers LLC boosted its stake in shares of Toronto Dominion Bank by 1.5% in the first quarter. Checchi Capital Advisers LLC now owns 7,194 shares of the bank's stock valued at $671,000 after purchasing an additional 104 shares during the period. Valmark Advisers Inc. grew its holdings in Toronto Dominion Bank by 0.8% during the 1st quarter. Valmark Advisers Inc. now owns 16,057 shares of the bank's stock valued at $1,498,000 after purchasing an additional 122 shares in the last quarter. Finally, CIBC Private Wealth Group LLC grew its holdings in Toronto Dominion Bank by 4.8% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 2,912 shares of the bank's stock valued at $233,000 after purchasing an additional 134 shares in the last quarter. 52.37% of the stock is owned by institutional investors and hedge funds.

Key Toronto Dominion Bank News

Here are the key news stories impacting Toronto Dominion Bank this week:

• Positive Sentiment: Major earnings beat: TD reported approximately C$4.62 billion in quarterly profit, up from C$3.34 billion a year earlier. Reported EPS of $1.98 exceeded the consensus estimate of $1.74, while revenue rose 6.9% year over year. TD quarterly earnings report
• Positive Sentiment: Capital-markets strength drove the beat: Robust trading and deal activity boosted wholesale banking results, with gains reported across TD’s divisions. Credit performance also improved, allowing the bank to set aside less for soured loans. Canada's RBC, TD, CIBC top profit estimates
• Positive Sentiment: Growth investment and shareholder returns: TD plans to open 100 new U.S. branches, expanding its American retail-banking footprint. The bank also declared a quarterly dividend of $1.12 per share, payable October 31 to shareholders of record October 9. TD unveils plan to open 100 new U.S. branches
• Positive Sentiment: AI initiative ahead of schedule: TD generated C$195 million in artificial-intelligence-related value during the first three quarters of fiscal 2026, suggesting progress in cost savings and productivity initiatives. TD Bank Unlocks AI Value Ahead of Schedule
• Neutral Sentiment: Management expressed measured confidence in Canada’s economy, although the outlook remains dependent on tax reform and policies capable of unlocking investment and economic growth. Measured confidence in Canada's economy

Toronto Dominion Bank Stock Up 1.4%

Shares of NYSE:TD opened at $121.08 on Friday. The stock has a 50-day simple moving average of $120.54 and a 200-day simple moving average of $109.15. The stock has a market capitalization of $199.15 billion, a P/E ratio of 18.89, a PEG ratio of 1.21 and a beta of 0.72. Toronto Dominion Bank has a 1 year low of $72.73 and a 1 year high of $125.46. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.04 and a current ratio of 1.04.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last posted its quarterly earnings results on Thursday, May 28th. The bank reported $1.74 EPS for the quarter, beating the consensus estimate of $1.63 by $0.11. The firm had revenue of $11.80 billion for the quarter, compared to analyst estimates of $11.04 billion. Toronto Dominion Bank had a net margin of 13.20% and a return on equity of 14.83%. Toronto Dominion Bank's revenue for the quarter was down 31.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.97 earnings per share. Equities analysts forecast that Toronto Dominion Bank will post 6.99 earnings per share for the current year.

Toronto Dominion Bank Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, October 31st. Stockholders of record on Friday, October 9th 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 3.7%. Toronto Dominion Bank's dividend payout ratio (DPR) is 49.14%.

Toronto Dominion Bank Company Profile

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.

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