Shares of Toronto-Dominion Bank (NYSE:TD) (TSE:TD) have earned an average rating of “Hold” from the thirteen ratings firms that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $68.22.
TD has been the subject of a number of recent research reports. Royal Bank of Canada boosted their price objective on Toronto-Dominion Bank from $61.00 to $69.00 and gave the company a “sector perform” rating in a research note on Friday, August 28th. Scotiabank boosted their price target on Toronto-Dominion Bank from $65.00 to $66.00 and gave the stock an “outperform” rating in a report on Friday, May 29th. ValuEngine raised Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a report on Monday, June 1st. Wolfe Research cut Toronto-Dominion Bank from an “outperform” rating to an “underperform” rating in a report on Monday, June 8th. Finally, Barclays cut Toronto-Dominion Bank from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $64.00 to $63.00 in a report on Wednesday, August 19th.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Fifth Third Bancorp boosted its stake in shares of Toronto-Dominion Bank by 39.0% during the 1st quarter. Fifth Third Bancorp now owns 891 shares of the bank’s stock worth $38,000 after purchasing an additional 250 shares during the period. Pacifica Partners Inc. boosted its stake in shares of Toronto-Dominion Bank by 0.6% during the 2nd quarter. Pacifica Partners Inc. now owns 43,424 shares of the bank’s stock worth $1,940,000 after purchasing an additional 263 shares during the period. Security National Bank of SO Dak boosted its stake in shares of Toronto-Dominion Bank by 1.4% during the 1st quarter. Security National Bank of SO Dak now owns 20,018 shares of the bank’s stock worth $848,000 after purchasing an additional 275 shares during the period. Private Advisor Group LLC boosted its stake in shares of Toronto-Dominion Bank by 2.1% during the 2nd quarter. Private Advisor Group LLC now owns 16,523 shares of the bank’s stock worth $737,000 after purchasing an additional 338 shares during the period. Finally, AdvisorNet Financial Inc boosted its stake in shares of Toronto-Dominion Bank by 69.5% during the 2nd quarter. AdvisorNet Financial Inc now owns 868 shares of the bank’s stock worth $39,000 after purchasing an additional 356 shares during the period. 47.67% of the stock is owned by institutional investors.
Shares of NYSE:TD opened at $47.95 on Friday. The stock has a 50 day moving average of $47.41 and a 200 day moving average of $44.26. The company has a market cap of $86.49 billion, a PE ratio of 12.42, a price-to-earnings-growth ratio of 1.84 and a beta of 0.91. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. Toronto-Dominion Bank has a 12-month low of $33.74 and a 12-month high of $58.51.
Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings data on Thursday, August 27th. The bank reported $1.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.50. The company had revenue of $10.67 billion during the quarter, compared to the consensus estimate of $9.99 billion. Toronto-Dominion Bank had a return on equity of 11.84% and a net margin of 17.44%. The firm’s revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.79 EPS. Equities research analysts predict that Toronto-Dominion Bank will post 3.74 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, October 31st. Stockholders of record on Friday, October 9th will be issued a dividend of $0.589 per share. This represents a $2.36 annualized dividend and a dividend yield of 4.91%. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.57. The ex-dividend date is Thursday, October 8th. Toronto-Dominion Bank’s dividend payout ratio is 46.32%.
About Toronto-Dominion Bank
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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