Toronto-Dominion Bank (TSE:TD) Hits New 52-Week High - Should You Buy?

The Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD's stock price reached a new 52-week high on Monday . The stock traded as high as C$93.85 and last traded at C$93.26, with a volume of 228127 shares changing hands. The stock had previously closed at C$92.91.

Analyst Ratings Changes

Several equities analysts have commented on the company. CIBC cut their price objective on Toronto-Dominion Bank from C$95.00 to C$94.00 in a research report on Thursday, May 22nd. Jefferies Financial Group cut shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating and upped their price target for the stock from C$90.00 to C$99.00 in a report on Tuesday, February 18th. UBS Group lifted their price objective on shares of Toronto-Dominion Bank from C$83.00 to C$90.00 in a report on Friday, February 14th. Scotiabank upgraded shares of Toronto-Dominion Bank to a "hold" rating in a research note on Wednesday, May 14th. Finally, National Bankshares set a C$80.00 price target on Toronto-Dominion Bank and gave the company a "sector perform" rating in a report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of C$88.67.

Toronto-Dominion Bank Trading Down 0.1%

The business has a 50-day moving average price of C$86.51 and a 200-day moving average price of C$82.81. The stock has a market cap of C$165.33 billion, a PE ratio of 18.67, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82.

Toronto-Dominion Bank Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 10th will be given a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 4.46%. Toronto-Dominion Bank's dividend payout ratio (DPR) is presently 80.84%.

Insider Activity at Toronto-Dominion Bank

In other Toronto-Dominion Bank news, Director Michael A. French sold 9,288 shares of the firm's stock in a transaction on Monday, March 17th. The stock was sold at an average price of C$85.25, for a total value of C$791,802.00. Also, Director Ana Arsov acquired 3,483 shares of the company's stock in a transaction that occurred on Friday, April 11th. The stock was purchased at an average cost of C$80.24 per share, with a total value of C$279,475.92. 0.08% of the stock is owned by corporate 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.