Toronto Dominion Bank (The) (NYSE:TD) Stock Has Consensus Price Target of $156.00 According to Analysts

Shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) have earned an average rating of “Moderate Buy” from the nine brokerages that are currently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $156.00.

Several research analysts have recently weighed in on TD shares. Keefe, Bruyette & Woods started coverage on shares of Toronto Dominion Bank in a research report on Friday, August 21st. They issued a “market perform” rating on the stock. Weiss Ratings upgraded shares of Toronto Dominion Bank from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, August 5th. Wall Street Zen upgraded shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research report on Saturday, August 22nd. Finally, Royal Bank Of Canada boosted their target price on shares of Toronto Dominion Bank from $138.00 to $156.00 and gave the company an “outperform” rating in a research note on Monday, June 1st.

Institutional Investors Weigh In On Toronto Dominion Bank

Several hedge funds have recently bought and sold shares of TD. Hillsdale Investment Management Inc. increased its holdings in shares of Toronto Dominion Bank by 3.0% during the 1st quarter. Hillsdale Investment Management Inc. now owns 1,201,500 shares of the bank’s stock valued at $112,185,000 after acquiring an additional 34,921 shares during the last quarter. Alberta Investment Management Corp acquired a new stake in Toronto Dominion Bank in the 4th quarter worth approximately $299,850,000. State of Wyoming boosted its position in Toronto Dominion Bank by 1,018.7% during the first quarter. State of Wyoming now owns 22,765 shares of the bank’s stock worth $2,119,000 after purchasing an additional 20,730 shares during the period. Bank of New York Mellon Corp bought a new stake in Toronto Dominion Bank during the second quarter worth approximately $202,900,000. Finally, Ninepoint Partners LP acquired a new position in Toronto Dominion Bank during the second quarter valued at approximately $29,903,000. 52.37% of the stock is owned by hedge funds and other institutional investors.

Toronto Dominion Bank Trading Down 0.1%

Shares of NYSE TD opened at $119.30 on Tuesday. Toronto Dominion Bank has a 12 month low of $77.26 and a 12 month high of $125.46. The company has a market cap of $196.22 billion, a price-to-earnings ratio of 17.73, a P/E/G ratio of 1.22 and a beta of 0.73. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.09. The business has a fifty day simple moving average of $120.75 and a 200-day simple moving average of $112.58.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings results on Thursday, August 27th. The bank reported $1.98 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.24. The firm had revenue of $12.07 billion for the quarter, compared to analysts’ expectations of $10.70 billion. Toronto Dominion Bank had a return on equity of 14.88% and a net margin of 14.41%.Toronto Dominion Bank’s revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the business posted $2.20 EPS. Sell-side analysts predict that Toronto Dominion Bank will post 7.04 EPS for the current year.

Toronto Dominion Bank Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, October 31st. Stockholders of record on Friday, October 9th will be issued a dividend of C$1.12 per share. The ex-dividend date is Friday, October 9th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.8%. Toronto Dominion Bank’s payout ratio is currently 46.81%.

Toronto Dominion Bank Company Profile

Toronto-Dominion Bank, operating under the TD name, is a Canadian financial services company headquartered in Toronto, Ontario. The bank traces its history to the formation of The Toronto-Dominion Bank in 1955 through the merger of The Bank of Toronto, founded in 1855, and The Dominion Bank, founded in 1869.

TD provides a broad range of banking and financial services to individuals, businesses and institutions. Its offerings include personal and commercial deposit accounts, mortgages, consumer and business lending, credit cards, payment services, investment products, insurance and wealth management.