Traders Buy High Volume of Toronto-Dominion Bank Call Options (TD)
Shares of Toronto-Dominion Bank (NYSE:TD) was the target of unusually large options trading on Wednesday. Stock traders purchased 12,225 call options on the company, American Banking News.com reports. This is an increase of approximately 1,000% compared to the typical daily volume of 1,111 call options.
TD has been the subject of a number of recent research reports. Analysts at Rafferty Capital Markets downgraded shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note to investors on Friday, December 6th. They now have a $93.00 price target on the stock, down previously from $100.00. Analysts at TheStreet upgraded shares of Toronto-Dominion Bank to a “buy” rating in a research note to investors on Wednesday, October 16th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $91.33.
Shares of Toronto-Dominion Bank (NYSE:TD) opened at 94.24 on Thursday. Toronto-Dominion Bank has a one year low of $76.44 and a one year high of $94.66. The stock has a 50-day moving average of $91.78 and a 200-day moving average of $87.36. The company has a market cap of $86.465 billion and a P/E ratio of 13.35.
Toronto-Dominion Bank (NYSE:TD) last issued its quarterly earnings data on Thursday, December 5th. The company reported $1.78 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.86 by $0.08. The company had revenue of $7.00 billion for the quarter. During the same quarter in the prior year, the company posted $1.83 earnings per share. The company’s quarterly revenue was up 6.4% on a year-over-year basis. Analysts expect that Toronto-Dominion Bank will post $8.37 EPS for the current fiscal year.
The company also recently declared a dividend, which is scheduled for Friday, January 31st. Stockholders of record on Monday, January 6th will be given a dividend of 0.8084 per share. The ex-dividend date of this dividend is Thursday, January 2nd.
The Toronto-Dominion Bank is a Canada-based bank. The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group (NYSE:TD).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.