The Toronto-Dominion Bank (TSE:TD) Stock Has Consensus Price Target of C$171.08

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

Several research firms recently issued reports on TD. Jefferies Financial Group upped their target price on Toronto-Dominion Bank from C$164.00 to C$165.00 in a research report on Thursday, September 3rd. Raymond James Financial lifted their price target on Toronto-Dominion Bank from C$155.00 to C$180.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 12th. Canadian Imperial Bank of Commerce lifted their price target 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. Scotiabank boosted their price target on Toronto-Dominion Bank from C$180.00 to C$187.00 and gave the company a “sector outperform” rating in a research note on Friday, August 28th. Finally, Desjardins set a C$183.00 price target on Toronto-Dominion Bank and gave the company a “buy” rating in a research note on Wednesday, September 2nd.

Insider Activity at Toronto-Dominion Bank

In related news, insider Kelvin Vi Luan Tran sold 8,000 shares of Toronto-Dominion Bank stock in a transaction dated Tuesday, September 22nd. The stock was sold at an average price of C$172.92, for a total transaction of C$1,383,360.00. Following the completion of the sale, the insider owned 23,877 shares of the company’s stock, valued at C$4,128,810.84. The trade was a 25.10% decrease in their ownership of the stock. 0.08% of the stock is owned by company insiders.

Toronto-Dominion Bank Trading Up 0.2%

Shares of Toronto-Dominion Bank stock opened at C$172.92 on Friday. The firm’s 50 day simple moving average is C$170.06 and its two-hundred day simple moving average is C$154.66. The firm has a market capitalization of C$282.38 billion, a price-to-earnings ratio of 18.51, a PEG ratio of 1.22 and a beta of 0.79. Toronto-Dominion Bank has a 12-month low of C$112.26 and a 12-month high of C$179.80.

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 business 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%. On average, sell-side analysts predict that Toronto-Dominion Bank will post 7.22 EPS for the current fiscal year.

Toronto-Dominion Bank Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, October 31st. Stockholders of record on Saturday, October 31st were paid a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Friday, October 9th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 46.36%.

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.