The Toronto-Dominion Bank (TSE:TD) Receives C$149.75 Average Target Price from Analysts

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) has received an average rating of “Moderate Buy” from the ten research firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$149.75.

A number of research analysts have recently weighed in on TD shares. Canadian Imperial Bank of Commerce increased their price objective on Toronto-Dominion Bank from C$151.00 to C$164.00 and gave the company a “neutral” rating in a report on Friday, May 29th. Barclays boosted their price target on Toronto-Dominion Bank from C$135.00 to C$140.00 and gave the company an “underweight” rating in a report on Friday, May 29th. Desjardins boosted their price target on 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. Scotiabank boosted their price target on Toronto-Dominion Bank from C$150.00 to C$165.00 and gave the company a “sector outperform” rating in a report on Monday, June 1st. Finally, Raymond James Financial boosted their price target on Toronto-Dominion Bank from C$152.50 to C$155.00 and gave the company an “outperform” rating in a report on Friday, May 29th.

Toronto-Dominion Bank Price Performance

Shares of TSE TD opened at C$159.65 on Thursday. The stock has a market capitalization of C$263.75 billion, a P/E ratio of 18.74, a price-to-earnings-growth ratio of 1.22 and a beta of 0.92. Toronto-Dominion Bank has a 1-year low of C$95.52 and a 1-year high of C$160.96. The business has a fifty day moving average price of C$146.78 and a 200 day moving average price of C$134.80.

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

Toronto-Dominion Bank Dividend Announcement

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. The ex-dividend date of this dividend was Thursday, April 9th. This represents a $4.32 dividend on an annualized basis and a yield of 2.7%. Toronto-Dominion Bank’s payout ratio is presently 50.00%.

Insider Buying and Selling

In other Toronto-Dominion Bank news, insider Kelvin Vi Luan Tran sold 8,498 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of C$156.61, for a total value of C$1,330,871.78. Following the sale, the insider directly owned 26,677 shares of the company’s stock, valued at approximately C$4,177,884.97. This trade represents a 24.16% decrease in their ownership of the stock. 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.