Toronto-Dominion Bank (TSE:TD) Reaches New 12-Month High – Should You Buy?

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as C$171.60 and last traded at C$171.42, with a volume of 144809 shares trading hands. The stock had previously closed at C$171.01.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TD. Royal Bank Of Canada decreased their price objective on shares of Toronto-Dominion Bank from C$148.00 to C$138.00 and set an “outperform” rating for the company in a research report on Wednesday, March 25th. Desjardins boosted their target price on shares of Toronto-Dominion Bank from C$154.00 to C$160.00 and gave the company a “buy” rating in a report on Friday, May 29th. Jefferies Financial Group upped their price target on shares of Toronto-Dominion Bank from C$134.00 to C$142.00 in a research report on Wednesday, May 20th. Scotiabank increased their price target on Toronto-Dominion Bank from C$164.00 to C$169.00 and gave the stock a “sector outperform” rating in a report on Tuesday, June 16th. Finally, Canadian Imperial Bank of Commerce lifted their price objective on Toronto-Dominion Bank from C$151.00 to C$164.00 and gave the stock a “neutral” rating in a research report on Friday, May 29th. Seven analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Toronto-Dominion Bank has an average rating of “Moderate Buy” and a consensus price target of C$150.08.

Toronto-Dominion Bank Stock Performance

The stock has a market capitalization of C$284.85 billion, a P/E ratio of 20.24, a PEG ratio of 1.22 and a beta of 0.92. The business has a fifty day simple moving average of C$154.88 and a 200-day simple moving average of C$139.32.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last released its quarterly earnings data on Thursday, May 28th. The company reported C$2.38 earnings per share for the quarter. Toronto-Dominion Bank had a net margin of 13.21% and a return on equity of 11.85%. The company had revenue of C$16.04 billion during the quarter. On average, sell-side analysts anticipate that The Toronto-Dominion Bank will post 7.2160149 earnings per share for the current year.

Toronto-Dominion Bank Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Thursday, April 30th were issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Thursday, April 9th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 50.00%.

Insider Buying and Selling at Toronto-Dominion Bank

In other news, insider Kelvin Vi Luan Tran sold 8,498 shares of the stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of C$156.61, for a total transaction of C$1,330,871.78. Following the transaction, the insider owned 26,677 shares of the company’s stock, valued at C$4,177,884.97. This represents a 24.16% decrease in their position. Also, insider Paul Martyn Clark sold 27,649 shares of the stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of C$161.22, for a total transaction of C$4,457,571.78. Following the transaction, the insider directly owned 260 shares in the company, valued at C$41,917.20. This trade represents a 99.07% decrease in their position. Insiders own 0.08% of the company’s stock.

Toronto-Dominion Bank Company Profile

TD Asset Management Inc (‘TDAM’), a member of TD Bank Group, is a Canadian investment management firm with a growing global presence. Bringing together three decades of investment experience, our broad selection of strategies and solutions includes fundamental equities, quantitative and passive equities, fixed income across the credit quality spectrum and alternatives, such as private credit, infrastructure and real estate. TDAM offers institutional investment solutions to corporations, pension funds, endowments and foundations, sovereign wealth funds and superannuation funds, among others.