The Toronto-Dominion Bank (TSE:TD) Receives Consensus Rating of "Hold" from Analysts

Shares of The Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD have received an average recommendation of "Hold" from the thirteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$88.75.

Several equities analysts have recently issued reports on TD shares. Royal Bank of Canada boosted their price target on shares of Toronto-Dominion Bank from C$77.00 to C$86.00 and gave the company a "sector perform" rating in a report on Wednesday, January 8th. CIBC dropped their price target on shares of Toronto-Dominion Bank from C$96.00 to C$95.00 in a research report on Thursday, March 6th. Scotiabank reduced their price objective on Toronto-Dominion Bank from C$83.00 to C$82.00 and set a "sector perform" rating for the company in a research note on Thursday, February 20th. UBS Group lifted their target price on shares of Toronto-Dominion Bank from C$83.00 to C$90.00 in a research report on Friday, February 14th. Finally, Jefferies Financial Group lowered Toronto-Dominion Bank from a "buy" rating to a "hold" rating and upped their price target for the company from C$90.00 to C$99.00 in a research report on Tuesday, February 18th.

Toronto-Dominion Bank Trading Up 1.1 %

TSE TD traded up C$0.93 during trading hours on Wednesday, reaching C$88.34. 2,902,809 shares of the company traded hands, compared to its average volume of 8,785,719. The company has a 50 day moving average of C$84.62 and a two-hundred day moving average of C$81.19. The stock has a market capitalization of C$154.98 billion, a PE ratio of 17.50, a PEG ratio of 1.22 and a beta of 0.82. Toronto-Dominion Bank has a 12 month low of C$73.22 and a 12 month high of C$88.55.

Toronto-Dominion Bank Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 30th were given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date of this dividend was Thursday, April 10th. Toronto-Dominion Bank's dividend payout ratio (DPR) is presently 80.84%.

Insider Activity

In other news, Director Michael A. French sold 9,288 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of C$85.25, for a total transaction of C$791,802.00. Also, Director Theresa Lynn Currie sold 45,172 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of C$86.50, for a total transaction of C$3,907,378.00. Following the sale, the director now owns 163 shares in the company, valued at C$14,099.50. The trade was a 99.64 % decrease in their ownership of the stock. Insiders own 0.08% of the company's stock.

Toronto-Dominion Bank Company Profile

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.