The Toronto-Dominion Bank (TSE:TD) Receives Average Rating of “Moderate Buy” from Analysts

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) has been assigned a consensus rating of “Moderate Buy” from the ten analysts that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is C$150.08.

TD has been the topic of several recent research reports. Canaccord Genuity Group set a C$169.00 price objective on Toronto-Dominion Bank and gave the stock a “buy” rating in a report on Friday, June 5th. Scotiabank upped their price objective on Toronto-Dominion Bank from C$164.00 to C$169.00 and gave the stock a “sector outperform” rating in a report on Tuesday, June 16th. Desjardins upped their price objective on Toronto-Dominion Bank from C$154.00 to C$160.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Raymond James Financial upped their price objective on Toronto-Dominion Bank from C$152.50 to C$155.00 and gave the stock an “outperform” rating in a report on Friday, May 29th. Finally, Barclays upped their price objective on Toronto-Dominion Bank from C$135.00 to C$140.00 and gave the stock an “underweight” rating in a report on Friday, May 29th.

Insider Activity at Toronto-Dominion Bank

In other news, insider Paul Martyn Clark sold 27,649 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of C$161.22, for a total transaction of C$4,457,571.78. Following the transaction, the insider owned 260 shares of the company’s stock, valued at approximately C$41,917.20. The trade was a 99.07% decrease in their position. Also, insider Kelvin Vi Luan Tran sold 8,498 shares of the stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of C$156.61, for a total value of C$1,330,871.78. Following the sale, the insider owned 26,677 shares in the company, valued at C$4,177,884.97. The trade was a 24.16% decrease in their position. 0.08% of the stock is owned by corporate insiders.

Toronto-Dominion Bank Stock Performance

TSE TD opened at C$170.03 on Monday. The stock’s 50 day moving average is C$154.31 and its 200 day moving average is C$138.98. Toronto-Dominion Bank has a 12 month low of C$98.97 and a 12 month high of C$171.48. The stock has a market cap of C$280.90 billion, a PE ratio of 19.96, a P/E/G ratio of 1.22 and a beta of 0.92.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last issued its quarterly earnings data 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 for the quarter. Toronto-Dominion Bank had a return on equity of 11.85% and a net margin of 13.21%. On average, analysts forecast that Toronto-Dominion Bank will post 7.2160149 EPS for the current fiscal year.

Toronto-Dominion Bank Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Thursday, April 30th were issued a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Thursday, April 9th. Toronto-Dominion Bank’s dividend payout ratio is 50.00%.

About Toronto-Dominion Bank

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.