Analysts Set The Toronto-Dominion Bank (TSE:TD) PT at C$86.50

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) has been assigned a consensus rating of “Hold” from the thirteen analysts that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$86.50.

Several research firms have recently weighed in on TD. BMO Capital Markets upgraded shares of Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating and set a C$90.00 price objective on the stock in a research report on Thursday, December 19th. Barclays cut shares of Toronto-Dominion Bank from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 21st. Canaccord Genuity Group upped their price objective on shares of Toronto-Dominion Bank from C$87.00 to C$89.00 in a research note on Monday, December 16th. Desjardins lowered Toronto-Dominion Bank from a “moderate buy” rating to a “hold” rating in a research note on Thursday, December 5th. Finally, CIBC decreased their price target on Toronto-Dominion Bank from C$93.00 to C$90.00 in a research note on Friday, December 6th.

Toronto-Dominion Bank Stock Performance

Shares of TD stock opened at C$76.42 on Thursday. Toronto-Dominion Bank has a 52-week low of C$73.22 and a 52-week high of C$87.99. The business’s fifty day moving average is C$77.48 and its 200 day moving average is C$79.13. The company has a market capitalization of C$133.74 billion, a PE ratio of 17.69, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82.

Toronto-Dominion Bank Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 31st were given a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 5.34%. The ex-dividend date of this dividend was Thursday, October 10th. Toronto-Dominion Bank’s dividend payout ratio is currently 94.44%.

Toronto-Dominion Bank Company Profile

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.