The Toronto-Dominion Bank (TSE:TD) Receives Consensus Recommendation of “Moderate Buy” from Analysts

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) has been assigned an average recommendation of “Moderate Buy” from the eleven brokerages that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$171.08.

Several brokerages have recently commented on TD. Canadian Imperial Bank of Commerce raised their target price on Toronto-Dominion Bank from C$184.00 to C$188.00 and gave the stock a “neutral” rating in a research report on Thursday, September 3rd. Desjardins set a C$183.00 target price on Toronto-Dominion Bank and gave the company a “buy” rating in a report on Wednesday, September 2nd. Canaccord Genuity Group decreased their price target on shares of Toronto-Dominion Bank from C$197.00 to C$196.00 in a report on Thursday, September 3rd. Jefferies Financial Group upped their price objective on shares of Toronto-Dominion Bank from C$164.00 to C$165.00 in a research note on Thursday, September 3rd. Finally, Raymond James Financial lifted their target price on shares of Toronto-Dominion Bank from C$155.00 to C$180.00 and gave the company an “outperform” rating in a research note on Wednesday, August 12th.

Toronto-Dominion Bank Stock Up 0.7%

TSE:TD opened at C$171.48 on Friday. Toronto-Dominion Bank has a 1-year low of C$107.60 and a 1-year high of C$175.33. The firm has a market capitalization of C$280.97 billion, a price-to-earnings ratio of 18.36, a price-to-earnings-growth ratio of 1.22 and a beta of 0.81. The stock has a fifty day simple moving average of C$168.59 and a 200 day simple moving average of C$155.35.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last posted its quarterly earnings data on Thursday, August 27th. The company reported C$2.77 EPS for the quarter. The company had revenue of C$16.93 billion during the quarter. Toronto-Dominion Bank had a net margin of 14.36% and a return on equity of 12.83%. Equities analysts predict that Toronto-Dominion Bank will post 7.2160149 earnings per share for the current year.

Toronto-Dominion Bank Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Friday, July 31st were given a dividend of $1.12 per share. The ex-dividend date of this dividend was Friday, July 10th. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $1.08. This represents a $4.48 annualized dividend and a yield of 2.6%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 46.36%.

About Toronto-Dominion Bank

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.