Toronto-Dominion Bank (TSE:TD) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$122.83 and traded as high as C$131.73. Toronto-Dominion Bank shares last traded at C$131.31, with a volume of 6,065,896 shares changing hands.

Wall Street Analyst Weigh In

TD has been the topic of several analyst reports. National Bank Financial boosted their price target on shares of Toronto-Dominion Bank from C$138.00 to C$146.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. Canaccord Genuity Group lifted their target price on shares of Toronto-Dominion Bank from C$147.00 to C$149.00 and gave the stock a “buy” rating in a research report on Monday, March 9th. Bank of America boosted their target price on Toronto-Dominion Bank from C$130.00 to C$132.00 in a research note on Friday, December 5th. Scotiabank upped their target price on Toronto-Dominion Bank from C$132.00 to C$142.00 and gave the company an “outperform” rating in a report on Friday, February 27th. Finally, UBS Group increased their price target on Toronto-Dominion Bank from C$122.00 to C$126.00 in a research report on Monday, December 8th. Six research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Toronto-Dominion Bank has an average rating of “Moderate Buy” and an average target price of C$139.00.

Toronto-Dominion Bank Stock Up 1.1%

The company’s 50-day moving average is C$130.45 and its two-hundred day moving average is C$122.83. The company has a market cap of C$219.13 billion, a P/E ratio of 10.63, a price-to-earnings-growth ratio of 1.22 and a beta of 0.98.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last announced its quarterly earnings data on Thursday, February 26th. The company reported C$2.44 EPS for the quarter. The business had revenue of C$16.63 billion for the quarter. Toronto-Dominion Bank had a net margin of 19.11% and a return on equity of 17.26%. On average, analysts anticipate that The Toronto-Dominion Bank will post 7.2160149 EPS for the current fiscal year.

Toronto-Dominion Bank Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 30th will be issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Thursday, April 9th. Toronto-Dominion Bank’s payout ratio is 34.25%.

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.