Toronto-Dominion Bank (TSE:TD) Stock Crosses Above 200 Day Moving Average – Time to Sell?

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$79.34 and traded as high as C$79.60. Toronto-Dominion Bank shares last traded at C$79.31, with a volume of 13,619,651 shares.

Analyst Upgrades and Downgrades

TD has been the topic of several research analyst reports. BMO Capital Markets raised shares of 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. Royal Bank of Canada increased their price objective on Toronto-Dominion Bank from C$77.00 to C$86.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 8th. CIBC dropped their target price on Toronto-Dominion Bank from C$93.00 to C$90.00 in a research report on Friday, December 6th. Scotiabank lowered Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from C$98.00 to C$81.00 in a research report on Friday, December 6th. Finally, Desjardins downgraded shares of Toronto-Dominion Bank from a “moderate buy” rating to a “hold” rating in a research report on Thursday, December 5th. One equities 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 assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of C$86.83.

Toronto-Dominion Bank Stock Up 0.9 %

The stock’s fifty day moving average is C$77.40 and its 200-day moving average is C$79.34. The stock has a market cap of C$138.79 billion, a price-to-earnings ratio of 18.36, a PEG ratio of 1.22 and a beta of 0.82.

Toronto-Dominion Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 31st will be given a $1.05 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 5.30%. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $1.02. Toronto-Dominion Bank’s dividend 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.