The Toronto-Dominion Bank (TSE:TD) Given Consensus Recommendation of “Moderate Buy” by Brokerages

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) has earned a consensus recommendation of “Moderate Buy” from the ten research firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$149.75.

Several research firms have recently issued reports on TD. Scotiabank lifted their price target on Toronto-Dominion Bank from C$150.00 to C$165.00 and gave the stock a “sector outperform” rating in a research note on Monday. National Bank Financial lifted their price target on Toronto-Dominion Bank from C$157.00 to C$162.00 and gave the stock an “outperform” rating in a research note on Friday, May 29th. Canaccord Genuity Group lifted their price target on Toronto-Dominion Bank from C$158.00 to C$169.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. Canadian Imperial Bank of Commerce lifted their price target on Toronto-Dominion Bank from C$151.00 to C$164.00 and gave the stock a “neutral” rating in a research note on Friday, May 29th. Finally, Raymond James Financial lifted their price target on Toronto-Dominion Bank from C$152.50 to C$155.00 and gave the stock an “outperform” rating in a research note on Friday, May 29th.

Toronto-Dominion Bank Stock Performance

Shares of TSE TD opened at C$156.24 on Thursday. The firm has a market capitalization of C$260.74 billion, a P/E ratio of 18.34, a PEG ratio of 1.22 and a beta of 0.92. Toronto-Dominion Bank has a one year low of C$94.86 and a one year high of C$157.75. The company’s fifty day moving average is C$143.73 and its two-hundred day moving average is C$133.24.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last released its quarterly earnings results on Thursday, May 28th. The company reported C$2.38 earnings per share (EPS) for the quarter. The business had revenue of C$16.04 billion during the quarter. Toronto-Dominion Bank had a return on equity of 11.85% and a net margin of 13.24%. On average, sell-side analysts forecast that Toronto-Dominion Bank will post 7.2160149 earnings per share for the current fiscal year.

Toronto-Dominion Bank Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Thursday, April 30th were paid a $1.08 dividend. The ex-dividend date of this dividend was Thursday, April 9th. This represents a $4.32 annualized dividend and a yield of 2.8%. Toronto-Dominion Bank’s payout ratio is presently 50.00%.

Toronto-Dominion Bank Company Profile

TD Asset Management Inc (‘TDAM’), a member of TD Bank Group, is a Canadian investment management firm with a growing global presence. Bringing together three decades of investment experience, our broad selection of strategies and solutions includes fundamental equities, quantitative and passive equities, fixed income across the credit quality spectrum and alternatives, such as private credit, infrastructure and real estate. TDAM offers institutional investment solutions to corporations, pension funds, endowments and foundations, sovereign wealth funds and superannuation funds, among others.