Toronto-Dominion Bank Receives Consensus Recommendation of “Hold” from Brokerages (TSE:TD)
Shares of Toronto-Dominion Bank (TSE:TD) have received an average rating of “Hold” from the fourteen ratings firms that are covering the company, StockRatingsNetwork reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$66.05.
Toronto-Dominion Bank (TSE:TD) traded down 0.05% on Wednesday, hitting $56.61. 462,429 shares of the company’s stock traded hands. Toronto-Dominion Bank has a 52-week low of $43.03 and a 52-week high of $57.68. The stock has a 50-day moving average of $55.63 and a 200-day moving average of $52.57. The company has a market cap of $104.3 billion and a P/E ratio of 15.04.
Toronto-Dominion Bank (TSE:TD) last announced its earnings results on Friday, May 23rd. The company reported $1.09 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.02 by $0.07. On average, analysts predict that Toronto-Dominion Bank will post $4.32 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on TD shares. Analysts at CIBC raised their price target on shares of Toronto-Dominion Bank from C$58.00 to C$62.00 in a research note on Tuesday. They now have an “outperform” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of Toronto-Dominion Bank from C$57.00 to C$58.00 in a research note on Monday, May 26th. They now have an “outperform” rating on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of Toronto-Dominion Bank from C$53.00 to C$54.50 in a research note on Friday, May 23rd. They now have an “outperform” rating on the stock.
The Toronto-Dominion Bank is a Canada-based bank, offering a range of financial products and services through TD Canada Trust, TD Bank, TD commercial Bank, TD commercial Banking and TD Auto finance.
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