The Toronto-Dominion Bank (TD) Research Coverage Started at Dundee Securities
Research analysts at Dundee Securities started coverage on shares of The Toronto-Dominion Bank (NYSE:TD) in a research note issued on Wednesday. The firm set a “buy” rating on the stock.
A number of other research analysts also recently commented on TD. Canaccord Genuity reaffirmed a “buy” rating on shares of The Toronto-Dominion Bank in a research report on Thursday, May 26th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $61.00 target price on shares of The Toronto-Dominion Bank in a research report on Friday, May 27th. Citigroup Inc. reaffirmed a “buy” rating and issued a $65.00 target price (up from $60.00) on shares of The Toronto-Dominion Bank in a research report on Friday, June 3rd. Zacks Investment Research raised shares of The Toronto-Dominion Bank from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research report on Saturday, May 28th. Finally, TD Securities reaffirmed a “buy” rating and issued a $64.00 target price (up from $61.00) on shares of The Toronto-Dominion Bank in a research report on Monday, August 29th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $56.88.
The Toronto-Dominion Bank (NYSE:TD) opened at 43.61 on Wednesday. The Toronto-Dominion Bank has a 12 month low of $33.49 and a 12 month high of $45.98. The firm has a market cap of $80.89 billion, a P/E ratio of 12.96 and a beta of 0.98. The firm has a 50 day moving average of $44.10 and a 200-day moving average of $43.43.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/21/the-toronto-dominion-bank-td-research-coverage-started-at-dundee-securities.html
The Toronto-Dominion Bank (NYSE:TD) last posted its earnings results on Thursday, August 25th. The company reported $1.27 EPS for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.06. The firm had revenue of $8.70 billion for the quarter. The Toronto-Dominion Bank had a net margin of 21.02% and a return on equity of 13.56%. The company’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period last year, the business earned $1.20 earnings per share. On average, equities research analysts forecast that The Toronto-Dominion Bank will post $3.68 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Friday, October 7th will be paid a $0.4249 dividend. This is a boost from The Toronto-Dominion Bank’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $1.70 annualized dividend and a dividend yield of 3.90%. The Toronto-Dominion Bank’s dividend payout ratio (DPR) is 50.45%.
Several hedge funds have recently made changes to their positions in the stock. First New York Securities LLC NY bought a new stake in shares of The Toronto-Dominion Bank during the second quarter valued at approximately $107,000. Zions Bancorporation boosted its stake in shares of The Toronto-Dominion Bank by 282.5% in the first quarter. Zions Bancorporation now owns 2,639 shares of the company’s stock valued at $115,000 after buying an additional 1,949 shares during the period. Cribstone Capital Management LLC bought a new stake in shares of The Toronto-Dominion Bank during the second quarter valued at approximately $118,000. Teachers Advisors Inc. boosted its stake in shares of The Toronto-Dominion Bank by 993.0% in the second quarter. Teachers Advisors Inc. now owns 2,820 shares of the company’s stock valued at $121,000 after buying an additional 2,562 shares during the period. Finally, AHL Partners LLP bought a new stake in shares of The Toronto-Dominion Bank during the second quarter valued at approximately $201,000. Hedge funds and other institutional investors own 51.77% of the company’s stock.
The Toronto-Dominion Bank Company Profile
The Toronto-Dominion Bank (the Bank) operates as a bank in North America. The Bank conducts its business through segments, such as Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. Canadian Retail provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses, including credit cards, auto finance, wealth and insurance businesses.
Receive News & Ratings for The Toronto-Dominion Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Toronto-Dominion Bank and related companies with MarketBeat.com's FREE daily email newsletter.