Toronto-Dominion Bank (TSE:TD) Reaches New 52-Week High - Here's What Happened

Key Points

• Toronto‑Dominion Bank hit a new 52‑week high, trading as high as C$137.77 (last C$137.21), well above its 50‑day and 200‑day moving averages of C$130.69 and C$123.65 respectively.
• Analyst reactions are mixed but tilted positive: several firms raised targets (BMO to C$144, Desjardins to C$145) while others trimmed theirs, leaving a consensus rating of "Moderate Buy" with a consensus target of C$139.00.
• The firm announced a quarterly dividend of C$1.08 (ex‑dividend date April 9, payable April 30), equal to an annualized C$4.32 and a yield of about 3.2% with a payout ratio near 34%.

The Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD's share price reached a new 52-week high on Wednesday . The stock traded as high as C$137.77 and last traded at C$137.21, with a volume of 5774663 shares trading hands. The stock had previously closed at C$134.86.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TD. BMO Capital Markets increased 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 research note on Friday, February 27th. Desjardins increased their price target on shares of Toronto-Dominion Bank from C$139.00 to C$145.00 and gave the company a "buy" rating in a research note on Friday, February 27th. Royal Bank Of Canada dropped their price target on shares of Toronto-Dominion Bank from C$148.00 to C$138.00 and set an "outperform" rating for the company in a research note on Wednesday, March 25th. Barclays upped their price objective on shares of Toronto-Dominion Bank from C$133.00 to C$135.00 in a report on Friday, February 27th. Finally, Jefferies Financial Group decreased their price objective on shares of Toronto-Dominion Bank from C$130.00 to C$128.00 in a report on Wednesday, February 11th. Six analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of C$139.00.

Toronto-Dominion Bank Trading Up 1.6%

The firm's fifty day moving average price is C$130.69 and its 200 day moving average price is C$123.65. The stock has a market capitalization of C$228.66 billion, a price-to-earnings ratio of 11.09, 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 issued its quarterly earnings data on Thursday, February 26th. The company reported C$2.44 EPS 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. On average, analysts forecast that The Toronto-Dominion Bank will post 7.2160149 earnings per share for the current fiscal year.

Toronto-Dominion Bank Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 30th will be issued a dividend of $1.08 per share. The ex-dividend date is Thursday, April 9th. This represents a $4.32 dividend on an annualized basis and a yield of 3.2%. Toronto-Dominion Bank's dividend payout ratio is 34.25%.

About Toronto-Dominion Bank

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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