The Toronto-Dominion Bank (TSE:TD) Receives Consensus Recommendation of “Hold” from Brokerages

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) has been given a consensus recommendation of “Hold” by the ten brokerages that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$122.77.

A number of equities research analysts recently commented on the company. UBS Group lifted their target price on Toronto-Dominion Bank from C$122.00 to C$126.00 in a report on Monday. Raymond James Financial raised their price target on shares of Toronto-Dominion Bank from C$119.00 to C$122.00 and gave the stock a “market perform” rating in a research report on Friday, December 5th. Scotiabank increased their price target on Toronto-Dominion Bank from C$114.00 to C$125.00 and gave the stock a “sector perform” rating in a research report on Friday, December 5th. Barclays boosted their price objective on Toronto-Dominion Bank from C$114.00 to C$118.00 and gave the company an “underweight” rating in a report on Friday, December 5th. Finally, National Bankshares upped their target price on Toronto-Dominion Bank from C$116.00 to C$124.00 and gave the stock a “sector perform” rating in a research note on Friday, December 5th.

Insider Buying and Selling

In other news, Director Nathalie Palladitcheff bought 1,000 shares of the business’s stock in a transaction dated Monday, October 6th. The stock was purchased at an average cost of C$112.64 per share, with a total value of C$112,640.00. Following the acquisition, the director directly owned 3,292 shares in the company, valued at C$370,810.88. This trade represents a 43.63% increase in their ownership of the stock. Also, insider Ajai Bambawale sold 7,328 shares of the business’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of C$112.07, for a total transaction of C$821,248.96. Following the completion of the transaction, the insider owned 800 shares of the company’s stock, valued at approximately C$89,656. This represents a 90.16% decrease in their ownership of the stock. Insiders have sold a total of 84,384 shares of company stock worth $9,456,915 in the last ninety days. Corporate insiders own 0.08% of the company’s stock.

Toronto-Dominion Bank Trading Up 2.0%

TSE:TD opened at C$125.88 on Thursday. The company has a market capitalization of C$212.67 billion, a P/E ratio of 10.78, a PEG ratio of 1.22 and a beta of 0.98. Toronto-Dominion Bank has a 12 month low of C$73.73 and a 12 month high of C$126.19. The firm has a fifty day simple moving average of C$114.92 and a 200-day simple moving average of C$106.23.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last posted its quarterly earnings results on Thursday, December 4th. The company reported C$2.18 earnings per share for the quarter. The business had revenue of C$16.03 billion for the quarter. Toronto-Dominion Bank had a return on equity of 7.84% and a net margin of 15.80%. Equities analysts forecast that Toronto-Dominion Bank will post 7.2160149 EPS for the current year.

Toronto-Dominion Bank Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Friday, October 31st were given a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 3.3%. The ex-dividend date was Friday, October 10th. Toronto-Dominion Bank’s dividend payout ratio is currently 35.70%.

About Toronto-Dominion Bank

Toronto-Dominion is one of Canada’s two largest banks and operates three business segments: Canadian retail banking, U.S. retail banking, and wholesale banking. The bank’s U.S. operations span from Maine to Florida, with a strong presence in the Northeast. It also has a 13% ownership stake in Charles Schwab.