Toronto-Dominion Bank Reaches New 52-Week High at $51.87 (TD)
Toronto-Dominion Bank (NYSE:TD)’s share price hit a new 52-week high on Monday , Analyst RN reports. The stock traded as high as $51.87 and last traded at $51.72, with a volume of 456,568 shares. The stock had previously closed at $51.36.
Separately, analysts at Canaccord Genuity initiated coverage on shares of Toronto-Dominion Bank in a research note on Thursday, May 1st. They set a “hold” rating on the stock. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $103.00.
The stock’s 50-day moving average is $49.51 and its 200-day moving average is $46.69. The company has a market cap of $94.682 billion and a price-to-earnings ratio of 14.65.
Toronto-Dominion Bank (NYSE:TD) last announced its earnings results on Thursday, May 22nd. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.07. The company had revenue of $7.44 billion for the quarter, compared to the consensus estimate of $6.80 billion. During the same quarter in the previous year, the company posted $1.90 earnings per share. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. On average, analysts predict that Toronto-Dominion Bank will post $4.28 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, July 31st. Stockholders of record on Wednesday, July 9th will be given a dividend of $0.4322 per share. This represents a $1.73 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date of this dividend is Monday, July 7th.
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).
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