The Toronto-Dominion Bank (TSE:TD) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• The Toronto‑Dominion Bank received a consensus analyst rating of "Moderate Buy" from 10 analysts (6 buys, 3 holds, 1 sell) with an average 12‑month price target of C$139.00.
• TD opened at C$141.95 (12‑month range C$82.94–C$142.05), has a market cap of C$236.89B and a PE of 11.49, and declared a quarterly dividend of $1.08 (C$4.32 annualized) yielding about 3.0% with an ex‑dividend date of April 9 and payment on April 30.

Shares of The Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD have been assigned a consensus recommendation of "Moderate Buy" from the ten analysts that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is C$139.00.

A number of analysts have recently weighed in on the stock. Jefferies Financial Group reduced their target price on shares of Toronto-Dominion Bank from C$130.00 to C$128.00 in a report on Wednesday, February 11th. Raymond James Financial boosted their target price on shares of Toronto-Dominion Bank from C$138.00 to C$141.00 and gave the stock a "market perform" rating in a report on Friday, February 27th. Desjardins boosted their target price on shares of Toronto-Dominion Bank from C$139.00 to C$145.00 and gave the stock a "buy" rating in a report on Friday, February 27th. BMO Capital Markets upped their price target on shares of Toronto-Dominion Bank from C$135.00 to C$144.00 and gave the company an "outperform" rating in a report on Friday, February 27th. Finally, Barclays upped their price target on shares of Toronto-Dominion Bank from C$133.00 to C$135.00 in a report on Friday, February 27th.

Toronto-Dominion Bank Stock Up 0.9%

Toronto-Dominion Bank stock opened at C$141.95 on Wednesday. The company's 50-day moving average price is C$131.80 and its 200-day moving average price is C$124.71. Toronto-Dominion Bank has a twelve month low of C$82.94 and a twelve month high of C$142.05. The company has a market cap of C$236.89 billion, a PE ratio of 11.49, a price-to-earnings-growth ratio of 1.22 and a beta of 0.86.

Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD last posted its earnings results on Thursday, February 26th. The company reported C$2.44 earnings per share for the quarter. Toronto-Dominion Bank had a net margin of 19.11% and a return on equity of 17.26%. The firm had revenue of C$16.63 billion for the quarter. As a group, sell-side analysts expect that Toronto-Dominion Bank will post 7.2160149 earnings per share for the current fiscal year.

Toronto-Dominion Bank Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 30th will be issued a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 3.0%. The ex-dividend date is Thursday, April 9th. Toronto-Dominion Bank's dividend payout ratio is presently 34.25%.

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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