Toronto-Dominion Bank (TSE:TD) Stock Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• The Toronto-Dominion Bank stock has surpassed its two hundred-day moving average, trading at C$109.96 on a volume of over 4.5 million shares.
• Analyst ratings are mixed, with four 'Buy', four 'Hold', and one 'Sell' rating, while target prices range from C$100.00 to C$113.00.
• The bank recently announced a quarterly dividend of $1.05 per share, yielding 3.8% annually, with a payout ratio of 35.70%.

Shares of The Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$95.22 and traded as high as C$110.04. Toronto-Dominion Bank shares last traded at C$109.96, with a volume of 4,543,103 shares.

Analyst Ratings Changes

TD has been the topic of several recent analyst reports. Canaccord Genuity Group upped their price objective on shares of Toronto-Dominion Bank from C$109.00 to C$113.00 and gave the stock a "buy" rating in a report on Friday, August 29th. Scotiabank increased their target price on shares of Toronto-Dominion Bank from C$95.00 to C$104.00 and gave the stock a "sector perform" rating in a report on Friday, August 29th. CIBC increased their target price on shares of Toronto-Dominion Bank from C$109.00 to C$112.00 in a report on Friday, September 5th. Desjardins increased their target price on shares of Toronto-Dominion Bank from C$107.00 to C$110.00 and gave the stock a "buy" rating in a report on Friday, August 29th. Finally, National Bankshares set a C$100.00 target price on shares of Toronto-Dominion Bank and gave the stock a "sector perform" rating in a report on Monday. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of C$100.17.

Toronto-Dominion Bank Trading Up 1.3%

The stock's fifty day moving average price is C$103.47 and its two-hundred day moving average price is C$95.22. The firm has a market capitalization of C$192.63 billion, a price-to-earnings ratio of 9.41, a price-to-earnings-growth ratio of 1.22 and a beta of 0.87.

Toronto-Dominion Bank Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Thursday, July 31st were issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Thursday, July 10th. Toronto-Dominion Bank's dividend payout ratio (DPR) is presently 35.70%.

About Toronto-Dominion Bank

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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