Toronto-Dominion Bank (TSE:TD) Shares Cross Above 200 Day Moving Average - What's Next?

The Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD's stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$127.19 and traded as high as C$146.40. Toronto-Dominion Bank shares last traded at C$146.33, with a volume of 6,340,227 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts have issued reports on TD shares. Scotiabank raised their price target on shares of Toronto-Dominion Bank from C$132.00 to C$142.00 and gave the stock an "outperform" rating in a research report on Friday, February 27th. National Bank Financial increased their target price on shares of Toronto-Dominion Bank from C$138.00 to C$146.00 and gave the company an "outperform" rating in a research note on Friday, February 27th. BMO Capital Markets lifted their target price on Toronto-Dominion Bank from C$135.00 to C$144.00 and gave the stock an "outperform" rating in a research report on Friday, February 27th. Royal Bank Of Canada lowered their price target on Toronto-Dominion Bank from C$148.00 to C$138.00 and set an "outperform" rating on the stock in a research note on Wednesday, March 25th. Finally, Desjardins upped their price target 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. Six equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of C$139.00.

Toronto-Dominion Bank Stock Performance

The company has a market cap of C$244.20 billion, a price-to-earnings ratio of 11.85, a PEG ratio of 1.22 and a beta of 0.86. The business's 50 day moving average price is C$134.84 and its 200-day moving average price is C$127.19.

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

Toronto-Dominion Bank Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Thursday, April 30th were issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Thursday, April 9th. Toronto-Dominion Bank's payout ratio is presently 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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