Toronto-Dominion Bank (TSE:TD) Upgraded to Outperform at BMO Capital Markets

BMO Capital Markets upgraded shares of Toronto-Dominion Bank (TSE:TD) (NYSE:TD) from a market perform rating to an outperform rating in a research note issued to investors on Thursday, Marketbeat reports. BMO Capital Markets currently has C$90.00 target price on the stock.

Several other equities analysts also recently issued reports on the stock. Bank of America boosted their price target on shares of Toronto-Dominion Bank from C$85.00 to C$90.00 in a report on Friday, August 23rd. Scotiabank cut shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from C$98.00 to C$81.00 in a report on Friday, December 6th. Barclays cut Toronto-Dominion Bank from a “hold” rating to a “strong sell” rating in a report on Thursday, November 21st. Royal Bank of Canada cut Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from C$88.00 to C$82.00 in a research report on Friday, October 11th. Finally, Jefferies Financial Group upgraded shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating and raised their price objective for the company from C$82.00 to C$90.00 in a research report on Thursday, December 12th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Toronto-Dominion Bank has a consensus rating of “Hold” and an average price target of C$86.50.

Toronto-Dominion Bank Stock Up 1.1 %

TD stock opened at C$75.03 on Thursday. The company has a market cap of C$131.30 billion, a price-to-earnings ratio of 17.37, a PEG ratio of 1.22 and a beta of 0.82. Toronto-Dominion Bank has a 52 week low of C$73.22 and a 52 week high of C$87.99. The business has a fifty day simple moving average of C$78.11 and a 200-day simple moving average of C$79.13.

Toronto-Dominion Bank Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 31st were paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 5.44%. The ex-dividend date of this dividend was Thursday, October 10th. Toronto-Dominion Bank’s dividend payout ratio is currently 94.44%.

About Toronto-Dominion Bank

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.