Toronto-Dominion Bank (TSE:TD) (NYSE:TD) has received a consensus rating of “Buy” from the twelve brokerages that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$75.92.
A number of equities research analysts have issued reports on the stock. National Bank Financial raised their price target on shares of Toronto-Dominion Bank from C$74.00 to C$78.00 and gave the stock an “outperform” rating in a report on Friday, December 1st. BMO Capital Markets raised their price target on shares of Toronto-Dominion Bank from C$74.00 to C$76.00 in a report on Friday, December 1st. CIBC raised their price target on shares of Toronto-Dominion Bank from C$73.00 to C$79.00 in a report on Monday, November 13th. CSFB raised their price target on shares of Toronto-Dominion Bank from C$75.00 to C$77.00 in a report on Friday, December 1st. Finally, Royal Bank of Canada raised their price target on shares of Toronto-Dominion Bank from C$72.00 to C$78.00 and gave the stock a “sector perform” rating in a report on Friday, December 1st.
In related news, insider Theresa Lynn Currie sold 59,560 shares of the business’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of C$72.64, for a total transaction of C$4,326,438.40. Also, insider Robert E. Dorrance sold 374,400 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of C$73.69, for a total transaction of C$27,589,536.00.
Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last announced its quarterly earnings results on Thursday, November 30th. The company reported C$1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.41 by C($0.05). Toronto-Dominion Bank had a return on equity of 15.43% and a net margin of 28.14%.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Wednesday, January 10th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.24%. The ex-dividend date of this dividend is Tuesday, January 9th. Toronto-Dominion Bank’s payout ratio is currently 42.81%.
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Toronto-Dominion Bank Company Profile
Toronto-Dominion Bank (the Bank) is a Canada-based bank, which operates in the North America. It is an online financial services firm, with over 10.2 million online and mobile customers. Its segments include Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. The Canadian Retail segment provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses.
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