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.

Analyst Recommendations for The Toronto-Dominion Bank (NYSE:TD)

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.

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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.

5 Day Chart for NYSE:TD

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