Toronto-Dominion Bank (TD) Receives Average Recommendation of “Buy” from Analysts

Shares of Toronto-Dominion Bank (TSE:TD) (NYSE:TD) have received an average rating of “Buy” from the twelve research firms that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$76.83.

A number of research analysts have commented on the company. Canaccord Genuity increased their price objective on Toronto-Dominion Bank from C$74.00 to C$78.00 in a research report on Wednesday, November 1st. National Bank Financial increased their price objective on Toronto-Dominion Bank from C$78.00 to C$80.00 and gave the company an “outperform” rating in a research report on Tuesday, January 30th. Eight Capital increased their price objective on Toronto-Dominion Bank from C$73.00 to C$76.00 in a research report on Friday, December 1st. Royal Bank of Canada increased their price objective on Toronto-Dominion Bank from C$72.00 to C$78.00 and gave the company a “sector perform” rating in a research report on Friday, December 1st. Finally, CSFB increased their price objective on Toronto-Dominion Bank from C$77.00 to C$79.00 in a research report on Friday, January 19th.

Toronto-Dominion Bank (TD) traded up C$0.05 during mid-day trading on Tuesday, reaching C$71.39. The company had a trading volume of 4,186,900 shares, compared to its average volume of 3,400,000. Toronto-Dominion Bank has a 12-month low of C$61.50 and a 12-month high of C$75.21. The firm has a market cap of $131,600.00, a PE ratio of 13.00 and a beta of 0.55.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last released its quarterly earnings results on Thursday, November 30th. The company reported C$1.36 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$1.41 by C($0.05). Toronto-Dominion Bank had a net margin of 28.14% and a return on equity of 15.43%. The business had revenue of C$9.27 billion for the quarter, compared to analyst estimates of C$9.03 billion.

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 10th were given a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, January 9th. This represents a $2.40 annualized dividend and a dividend yield of 3.36%. Toronto-Dominion Bank’s dividend payout ratio is currently 42.81%.

In other Toronto-Dominion Bank news, insider Robert E. Dorrance sold 374,400 shares of Toronto-Dominion Bank 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. Also, insider Theresa Lynn Currie sold 59,560 shares of Toronto-Dominion Bank stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of C$72.64, for a total value of C$4,326,438.40.

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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.

Analyst Recommendations for Toronto-Dominion Bank (TSE:TD)

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