Toronto-Dominion Bank (TSE:TD) (NYSE:TD) has been given an average rating of “Buy” by the twelve brokerages that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is C$85.25.
Separately, National Bank Financial decreased their target price on shares of Toronto-Dominion Bank from C$85.00 to C$83.00 and set an “outperform” rating on the stock in a research report on Friday, March 1st.
Shares of TD traded up C$0.33 during mid-day trading on Monday, hitting C$74.80. The company had a trading volume of 1,207,832 shares, compared to its average volume of 3,909,278. Toronto-Dominion Bank has a 1-year low of C$65.56 and a 1-year high of C$80.05. The stock has a market capitalization of $136.49 billion and a PE ratio of 12.38.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Wednesday, April 10th will be issued a $0.74 dividend. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.67. The ex-dividend date is Tuesday, April 9th. This represents a $2.96 annualized dividend and a yield of 3.96%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 44.36%.
Toronto-Dominion Bank Company Profile
The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. The company operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. It offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; financing options to customers at point of sale for automotive and recreational vehicle purchases through auto dealer network; credit cards; investing, advice-based, and asset management services to retail and institutional clients; and property and casualty insurance, as well as life and health insurance products.
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