Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$94.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective upped by CIBC from C$90.00 to C$94.00 in a research report sent to investors on Tuesday morning,BayStreet.CA reports.

Several other research analysts also recently commented on TD. UBS Group increased their price objective on Toronto-Dominion Bank from C$83.00 to C$90.00 in a research note on Friday, February 14th. Barclays cut Toronto-Dominion Bank from a “hold” rating to a “strong sell” rating in a report on Thursday, November 21st. Canaccord Genuity Group lifted their price objective on Toronto-Dominion Bank from C$87.00 to C$89.00 in a research note on Monday, December 16th. BMO Capital Markets raised Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating and set a C$90.00 price objective on the stock in a research report on Thursday, December 19th. Finally, National Bankshares lowered their target price on shares of Toronto-Dominion Bank from C$85.00 to C$80.00 in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Toronto-Dominion Bank has an average rating of “Hold” and a consensus price target of C$88.67.

Toronto-Dominion Bank Stock Performance

Toronto-Dominion Bank stock opened at C$85.59 on Tuesday. The stock has a market capitalization of C$150.16 billion, a P/E ratio of 16.96, a P/E/G ratio of 1.22 and a beta of 0.82. The company’s fifty day moving average price is C$80.21 and its 200 day moving average price is C$80.38. Toronto-Dominion Bank has a 1 year low of C$73.22 and a 1 year high of C$87.99.

Toronto-Dominion Bank Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 31st were paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 4.91%. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $1.02. The ex-dividend date of this dividend was Friday, January 10th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 80.84%.

About Toronto-Dominion Bank

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.