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

The Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$79.97 and traded as high as C$82.66. Toronto-Dominion Bank shares last traded at C$82.00, with a volume of 6,585,623 shares traded.

Analysts Set New Price Targets

TD has been the topic of several recent analyst reports. BMO Capital Markets raised Toronto-Dominion Bank from a "market perform" rating to an "outperform" rating and set a C$90.00 price target on the stock in a research note on Thursday, December 19th. Scotiabank downgraded Toronto-Dominion Bank from an "outperform" rating to a "sector perform" rating and cut their price objective for the company from C$98.00 to C$81.00 in a report on Friday, December 6th. National Bankshares cut their price objective on Toronto-Dominion Bank from C$85.00 to C$80.00 in a report on Friday, December 6th. Jefferies Financial Group upgraded Toronto-Dominion Bank from a "hold" rating to a "buy" rating and boosted their price objective for the company from C$82.00 to C$90.00 in a report on Thursday, December 12th. Finally, Royal Bank of Canada upped their price target on Toronto-Dominion Bank from C$77.00 to C$86.00 and gave the stock a "sector perform" rating in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of C$86.83.

Toronto-Dominion Bank Stock Down 0.1 %

The stock has a 50 day simple moving average of C$78.75 and a 200 day simple moving average of C$80.05. The company has a market capitalization of C$144.92 billion, a price-to-earnings ratio of 19.17, a P/E/G ratio of 1.22 and a beta of 0.82.

Toronto-Dominion Bank Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 31st were given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 5.07%. This is an increase from Toronto-Dominion Bank's previous quarterly dividend of $1.02. The ex-dividend date was Friday, January 10th. Toronto-Dominion Bank's dividend payout ratio is 94.44%.

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.