The Toronto-Dominion Bank (TSE:TD) Given Average Rating of "Hold" by Brokerages

Key Points

• The Toronto-Dominion Bank has received an average rating of "Hold" from nine analysts, with one sell, four hold, and four buy recommendations.
• Several analysts have adjusted their price targets, with Jefferies raising it to C$117.00 while National Bankshares set it at C$100.00.
• Toronto-Dominion Bank recently declared a quarterly dividend of $1.05, resulting in an annualized yield of approximately 3.8%.

The Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD has received an average rating of "Hold" from the nine analysts that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is C$100.17.

Several equities research analysts have recently commented on TD shares. National Bankshares set a C$100.00 price target on shares of Toronto-Dominion Bank and gave the stock a "sector perform" rating in a research report on Monday, September 22nd. Jefferies Financial Group raised their price objective on shares of Toronto-Dominion Bank from C$103.00 to C$117.00 in a research note on Wednesday, August 13th. Desjardins lifted their target price on shares of Toronto-Dominion Bank from C$107.00 to C$110.00 and gave the stock a "buy" rating in a report on Friday, August 29th. CIBC increased their price target on Toronto-Dominion Bank from C$109.00 to C$112.00 in a research note on Friday, September 5th. Finally, Barclays raised their price target on Toronto-Dominion Bank from C$95.00 to C$97.00 and gave the stock an "underweight" rating in a research report on Friday, August 29th.

Toronto-Dominion Bank Trading Up 0.4%

Shares of TD stock opened at C$110.35 on Friday. Toronto-Dominion Bank has a 1 year low of C$73.22 and a 1 year high of C$111.11. The firm's 50 day moving average is C$103.65 and its 200-day moving average is C$95.40. The firm has a market capitalization of C$193.31 billion, a price-to-earnings ratio of 9.45, a PEG ratio of 1.22 and a beta of 0.87.

Toronto-Dominion Bank Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Thursday, July 31st were given a $1.05 dividend. The ex-dividend date was Thursday, July 10th. This represents a $4.20 annualized dividend and a dividend yield of 3.8%. Toronto-Dominion Bank's payout ratio is currently 35.70%.

Toronto-Dominion Bank Company Profile

Toronto-Dominion is one of Canada's two largest banks and operates three business segments: Canadian retail banking, U.S. retail banking, and wholesale banking. The bank's U.S. operations span from Maine to Florida, with a strong presence in the Northeast. It also has a 13% ownership stake in Charles Schwab.

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