The Toronto-Dominion Bank (TSE:TD) Given Consensus Recommendation of "Hold" by Analysts

The Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD has been assigned a consensus recommendation of "Hold" from the ten analysts that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$88.67.

Several analysts have issued reports on the company. Jefferies Financial Group cut Toronto-Dominion Bank from a "buy" rating to a "hold" rating and upped their price objective for the company from C$90.00 to C$99.00 in a research note on Tuesday, February 18th. UBS Group raised their target price on Toronto-Dominion Bank from C$83.00 to C$90.00 in a research report on Friday, February 14th. CIBC lowered their target price on Toronto-Dominion Bank from C$95.00 to C$94.00 in a research report on Thursday, May 22nd. Scotiabank upgraded Toronto-Dominion Bank to a "hold" rating in a research report on Wednesday, May 14th. Finally, National Bankshares set a C$80.00 price objective on Toronto-Dominion Bank and gave the stock a "sector perform" rating in a research note on Thursday, May 22nd.

Insider Activity at Toronto-Dominion Bank

In related news, Director Theresa Lynn Currie sold 45,172 shares of Toronto-Dominion Bank stock in a transaction on 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 completion of the sale, the director now owns 163 shares of the company's stock, valued at approximately C$14,099.50. This trade represents a 99.64% decrease in their ownership of the stock. Also, Director Ana Arsov acquired 3,483 shares of Toronto-Dominion Bank stock in a transaction that occurred on Friday, April 11th. The shares were purchased at an average cost of C$80.24 per share, with a total value of C$279,475.92. Insiders own 0.08% of the company's stock.

Toronto-Dominion Bank Price Performance

TD traded up C$0.90 on Friday, reaching C$94.32. The company's stock had a trading volume of 6,322,329 shares, compared to its average volume of 8,228,811. The business's 50 day moving average is C$86.16 and its 200 day moving average is C$82.59. Toronto-Dominion Bank has a 1 year low of C$73.22 and a 1 year high of C$94.70. The stock has a market cap of C$165.47 billion, a price-to-earnings ratio of 18.69, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82.

Toronto-Dominion Bank Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 10th will be given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 4.45%. Toronto-Dominion Bank's payout ratio is 80.84%.

About Toronto-Dominion Bank

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.