Toronto Dominion Bank (The) (NYSE:TD) Given Consensus Rating of “Moderate Buy” by Analysts

Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) has received an average recommendation of “Moderate Buy” from the nine analysts that are covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $93.00.

Several research firms have weighed in on TD. National Bank Financial upgraded shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 18th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Toronto Dominion Bank in a report on Wednesday, January 21st. Jefferies Financial Group lowered Toronto Dominion Bank from a “buy” rating to a “hold” rating in a report on Tuesday, November 25th. Canadian Imperial Bank of Commerce cut Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 12th. Finally, Raymond James Financial raised Toronto Dominion Bank to a “hold” rating in a research report on Monday, November 24th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Bayban bought a new stake in Toronto Dominion Bank during the fourth quarter valued at about $28,000. Harvest Fund Management Co. Ltd boosted its stake in shares of Toronto Dominion Bank by 112.8% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 317 shares of the bank’s stock worth $30,000 after acquiring an additional 168 shares during the period. True Wealth Design LLC purchased a new stake in shares of Toronto Dominion Bank during the third quarter worth about $27,000. CBIZ Investment Advisory Services LLC bought a new stake in Toronto Dominion Bank during the 4th quarter valued at approximately $34,000. Finally, Mather Group LLC. bought a new stake in Toronto Dominion Bank during the 3rd quarter valued at approximately $30,000. Institutional investors own 52.37% of the company’s stock.

Toronto Dominion Bank Stock Down 1.7%

TD stock opened at $97.07 on Friday. The company has a market cap of $162.23 billion, a price-to-earnings ratio of 10.73, a P/E/G ratio of 1.12 and a beta of 0.66. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.05 and a current ratio of 1.05. The business’s 50-day moving average is $95.41 and its two-hundred day moving average is $86.21. Toronto Dominion Bank has a fifty-two week low of $54.87 and a fifty-two week high of $99.84.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings results on Thursday, February 26th. The bank reported $1.76 EPS for the quarter, beating the consensus estimate of $1.63 by $0.13. The firm had revenue of $11.01 billion during the quarter, compared to analyst estimates of $10.43 billion. Toronto Dominion Bank had a net margin of 17.52% and a return on equity of 14.29%. The business’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.02 EPS. As a group, analysts forecast that Toronto Dominion Bank will post 5.48 earnings per share for the current year.

Toronto Dominion Bank Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 9th will be given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Thursday, April 9th. Toronto Dominion Bank’s dividend payout ratio (DPR) is presently 34.92%.

About Toronto Dominion Bank

Toronto-Dominion Bank (TD) is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. Formed through the 1955 merger of the Bank of Toronto (founded 1855) and the Dominion Bank (founded 1869), TD is one of Canada’s largest banks and offers a broad range of financial products and services to individual, small business, commercial and institutional clients.

TD’s core businesses include Canadian and U.S. personal and commercial banking, wealth management, wholesale banking and insurance.