The Toronto-Dominion Bank (TSE:TD) Receives Average Recommendation of “Hold” from Analysts

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) has earned a consensus rating of “Hold” from the thirteen analysts that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$86.50.

Several equities research analysts have issued reports on TD shares. National Bankshares decreased their price objective on shares of Toronto-Dominion Bank from C$85.00 to C$80.00 in a research note on Friday, December 6th. Jefferies Financial Group raised shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating and upped their price target for the stock from C$82.00 to C$90.00 in a research report on Thursday, December 12th. Cormark cut their price objective on Toronto-Dominion Bank from C$99.00 to C$94.00 in a research report on Friday, December 6th. Canaccord Genuity Group upped their target price on Toronto-Dominion Bank from C$87.00 to C$89.00 in a research report on Monday, December 16th. Finally, Desjardins downgraded Toronto-Dominion Bank from a “moderate buy” rating to a “hold” rating in a report on Thursday, December 5th.

Toronto-Dominion Bank Price Performance

TSE TD opened at C$76.22 on Thursday. The business’s 50-day simple moving average is C$77.67 and its 200-day simple moving average is C$79.11. The firm has a market capitalization of C$133.39 billion, a P/E ratio of 17.64, a P/E/G ratio of 1.22 and a beta of 0.82. Toronto-Dominion Bank has a 1-year low of C$73.22 and a 1-year high of C$87.99.

Toronto-Dominion Bank Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 31st were given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 5.35%. The ex-dividend date was Thursday, October 10th. Toronto-Dominion Bank’s payout ratio is currently 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.