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

Key Points

• Moderate Buy consensus from nine analysts (4 hold, 2 buy, 3 strong buy) with an average 1-year price target of $93.00, which is below the recent market price near $105.
• TD beat quarterly estimates—EPS $1.76 vs. $1.63 and revenue $11.01B vs. $10.43B (revenue +18.1% YoY)—and pays a quarterly dividend of $1.08 (annualized $4.32) for a 4.1% yield.

Shares of Toronto Dominion Bank (The) (NYSE:TD - Get Free Report) TSE: TD have earned a consensus rating of "Moderate Buy" from the nine research firms that are covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold rating, two have issued a buy rating and three have given a strong buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $93.00.

Several analysts recently issued reports on TD shares. Zacks Research upgraded Toronto Dominion Bank from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 18th. Weiss Ratings upgraded Toronto Dominion Bank from a "buy (b)" rating to a "buy (a-)" rating in a research note on Friday, March 27th. Canadian Imperial Bank of Commerce downgraded Toronto Dominion Bank from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 12th. Finally, Wall Street Zen upgraded Toronto Dominion Bank from a "sell" rating to a "hold" rating in a research report on Saturday.

Toronto Dominion Bank Stock Performance

TD opened at $105.08 on Friday. The business has a fifty day simple moving average of $97.41 and a 200 day simple moving average of $91.43. The company has a market capitalization of $174.03 billion, a PE ratio of 11.61, a price-to-earnings-growth ratio of 1.20 and a beta of 0.65. Toronto Dominion Bank has a 1 year low of $61.88 and a 1 year high of $106.94. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.05 and a quick ratio of 1.05.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last released its quarterly earnings results on Thursday, February 26th. The bank reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.13. The business had revenue of $11.01 billion during the quarter, compared to the consensus estimate of $10.43 billion. Toronto Dominion Bank had a return on equity of 14.29% and a net margin of 17.52%.The firm's quarterly revenue was up 18.1% on a year-over-year basis. During the same period in the previous year, the company posted $2.02 EPS. Research analysts expect that Toronto Dominion Bank will post 6.87 EPS for the current year.

Toronto Dominion Bank Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 9th will be given a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Thursday, April 9th. Toronto Dominion Bank's dividend payout ratio is presently 34.36%.

Institutional Trading of Toronto Dominion Bank

A number of institutional investors have recently modified their holdings of the stock. Essex Financial Services Inc. lifted its position in shares of Toronto Dominion Bank by 2.3% during the 1st quarter. Essex Financial Services Inc. now owns 8,254 shares of the bank's stock valued at $770,000 after acquiring an additional 183 shares during the period. USS Investment Management Ltd lifted its position in shares of Toronto Dominion Bank by 1.1% during the 1st quarter. USS Investment Management Ltd now owns 280,408 shares of the bank's stock valued at $26,183,000 after acquiring an additional 3,092 shares during the period. MQS Management LLC bought a new stake in shares of Toronto Dominion Bank during the 1st quarter valued at $489,000. Patriot Financial Group Insurance Agency LLC bought a new stake in shares of Toronto Dominion Bank during the 1st quarter valued at $212,000. Finally, Sterling Capital Management LLC bought a new stake in shares of Toronto Dominion Bank during the 1st quarter valued at $111,000. 52.37% of the stock is currently owned by institutional investors.

About Toronto Dominion Bank

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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