Toronto-Dominion Bank (TSE:TD) Share Price Passes Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Technical breakout: TD's share price climbed above its 200‑day moving average, trading as high as C$131.73 and last at C$131.31 versus the 200‑day MA of C$122.83 on volume of 6,065,896 shares.
• Analyst sentiment: Analysts are mostly positive (six Buy, three Hold, one Sell) with a consensus "Moderate Buy" and an average target of C$139, and several firms recently raised targets into the C$144–C$149 range.
• Fundamentals & dividend: TD reported quarterly EPS of C$2.44 and C$16.63B revenue, and declared a quarterly dividend of $1.08 (annualized $4.32) yielding 3.3% (ex‑dividend April 9, payable April 30).

The Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD's stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$122.83 and traded as high as C$131.73. Toronto-Dominion Bank shares last traded at C$131.31, with a volume of 6,065,896 shares.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TD. Desjardins boosted their price objective on Toronto-Dominion Bank from C$139.00 to C$145.00 and gave the company a "buy" rating in a report on Friday, February 27th. BMO Capital Markets increased their target price on Toronto-Dominion Bank from C$135.00 to C$144.00 and gave the stock an "outperform" rating in a report on Friday, February 27th. Raymond James Financial lifted their price target on shares of Toronto-Dominion Bank from C$138.00 to C$141.00 and gave the company a "market perform" rating in a research report on Friday, February 27th. Canaccord Genuity Group boosted their price target on shares of Toronto-Dominion Bank from C$147.00 to C$149.00 and gave the company a "buy" rating in a research note on Monday, March 9th. Finally, Jefferies Financial Group lowered 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 given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of C$139.00.

Toronto-Dominion Bank Trading Up 1.1%

The stock has a market capitalization of C$219.13 billion, a P/E ratio of 10.63, a price-to-earnings-growth ratio of 1.22 and a beta of 0.98. The business has a fifty day simple moving average of C$130.45 and a 200 day simple moving average of C$122.83.

Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD last announced its earnings results on Thursday, February 26th. The company reported C$2.44 earnings per share (EPS) for the quarter. Toronto-Dominion Bank had a return on equity of 17.26% and a net margin of 19.11%.The company had revenue of C$16.63 billion for the quarter. As a group, research analysts forecast that The Toronto-Dominion Bank will post 7.2160149 earnings per share for the current year.

Toronto-Dominion Bank Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 30th will be paid a dividend of $1.08 per share. The ex-dividend date is Thursday, April 9th. This represents a $4.32 annualized dividend and a yield of 3.3%. Toronto-Dominion Bank's dividend payout ratio (DPR) is 34.25%.

Toronto-Dominion Bank Company Profile

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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