Toronto-Dominion Bank (TSE:TD) Sets New 12-Month High - Time to Buy?

The Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD's share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$89.13 and last traded at C$88.84, with a volume of 549223 shares changing hands. The stock had previously closed at C$88.07.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TD. National Bankshares lowered their price target on shares of Toronto-Dominion Bank from C$84.00 to C$80.00 and set a "sector perform" rating for the company in a research report on Monday, April 7th. CIBC reduced their price target on Toronto-Dominion Bank from C$96.00 to C$95.00 in a research report on Thursday, March 6th. UBS Group lifted their price objective on Toronto-Dominion Bank from C$83.00 to C$90.00 in a research note on Friday, February 14th. Scotiabank dropped their price objective on Toronto-Dominion Bank from C$83.00 to C$82.00 and set a "sector perform" rating for the company in a report on Thursday, February 20th. Finally, Jefferies Financial Group cut Toronto-Dominion Bank from a "buy" rating to a "hold" rating and raised their target price for the stock from C$90.00 to C$99.00 in a report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of C$88.75.

Toronto-Dominion Bank Price Performance

The stock's 50-day moving average price is C$84.86 and its 200 day moving average price is C$81.60. The firm has a market cap of C$155.51 billion, a P/E ratio of 17.56, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82.

Toronto-Dominion Bank Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Wednesday, April 30th were paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 4.74%. The ex-dividend date was Thursday, April 10th. Toronto-Dominion Bank's dividend payout ratio (DPR) is presently 80.84%.

Insider Buying and Selling

In other news, Director Theresa Lynn Currie sold 45,172 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of C$86.50, for a total value 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. The trade was a 99.64% decrease in their ownership of the stock. Also, Director Michael A. French sold 9,288 shares of Toronto-Dominion Bank stock in a transaction dated Monday, March 17th. The stock was sold at an average price of C$85.25, for a total transaction of C$791,802.00. 0.08% of the stock is currently owned by insiders.

Toronto-Dominion Bank Company Profile

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.

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