Shares of The Toronto-Dominion Bank (NYSE:TD – Get Free Report) (TSE:TD) have received an average recommendation of “Hold” from the ten analysts that are presently covering the stock, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $84.00.
TD has been the subject of several recent research reports. Royal Bank of Canada lowered shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a research report on Friday, October 11th. UBS Group initiated coverage on shares of Toronto-Dominion Bank in a research report on Tuesday, July 2nd. They issued a “neutral” rating for the company. StockNews.com lowered shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Thursday, August 22nd. Finally, National Bank Financial raised shares of Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a research report on Thursday, August 22nd.
Read Our Latest Analysis on Toronto-Dominion Bank
Institutional Trading of Toronto-Dominion Bank
Toronto-Dominion Bank Stock Down 0.9 %
Shares of TD opened at $56.34 on Tuesday. The company has a 50-day simple moving average of $60.52 and a 200-day simple moving average of $57.95. The firm has a market capitalization of $98.45 billion, a P/E ratio of 12.80, a P/E/G ratio of 1.68 and a beta of 0.81. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.02 and a current ratio of 1.02. Toronto-Dominion Bank has a 52 week low of $53.52 and a 52 week high of $65.12.
Toronto-Dominion Bank (NYSE:TD – Get Free Report) (TSE:TD) last posted its quarterly earnings results on Thursday, August 22nd. The bank reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.56. Toronto-Dominion Bank had a net margin of 6.94% and a return on equity of 14.34%. The firm had revenue of $14.18 billion during the quarter, compared to analyst estimates of $9.40 billion. During the same quarter in the prior year, the business posted $1.48 earnings per share. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. On average, equities research analysts expect that Toronto-Dominion Bank will post 5.82 earnings per share for the current year.
Toronto-Dominion Bank Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th will be paid a dividend of $0.739 per share. The ex-dividend date is Thursday, October 10th. This represents a $2.96 annualized dividend and a yield of 5.25%. Toronto-Dominion Bank’s dividend payout ratio is 68.41%.
About Toronto-Dominion Bank
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.
Further Reading
- Five stocks we like better than Toronto-Dominion Bank
- 2 Fintech Stocks to Buy Now and 1 to Avoid
- Lam Research Proves Analysts Wrong with a Strong Earnings Report
- How to Choose Top Rated Stocks
- PureCycle: Up 250% in 2024 – Is This Materials Stock Still a Buy?
- How to Calculate Retirement Income: MarketBeat’s Calculator
- MarketBeat Week in Review – 10/21- 10/25
Receive News & Ratings for Toronto-Dominion Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toronto-Dominion Bank and related companies with MarketBeat.com's FREE daily email newsletter.