The Toronto-Dominion Bank (TSE:TD) Receives C$86.65 Average Price Target from Analysts

Shares of The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) have earned a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are currently covering the company, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$86.65.

Several research firms recently commented on TD. Jefferies Financial Group boosted their target price on Toronto-Dominion Bank from C$73.00 to C$82.00 and gave the stock a “hold” rating in a research note on Monday, August 12th. CIBC lowered their price objective on Toronto-Dominion Bank from C$100.00 to C$96.00 in a research report on Friday, October 11th. Scotiabank reduced their target price on shares of Toronto-Dominion Bank from C$87.00 to C$86.00 in a report on Monday, August 19th. Royal Bank of Canada cut shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from C$88.00 to C$82.00 in a report on Friday, October 11th. Finally, Desjardins reduced their price objective on shares of Toronto-Dominion Bank from C$91.00 to C$90.00 and set a “buy” rating on the stock in a report on Friday, August 23rd.

Toronto-Dominion Bank Price Performance

The stock’s 50-day simple moving average is C$82.47 and its 200-day simple moving average is C$79.37. Toronto-Dominion Bank has a one year low of C$73.67 and a one year high of C$87.99. The stock has a market capitalization of C$135.54 billion, a price-to-earnings ratio of 17.94, a PEG ratio of 1.22 and a beta of 0.82.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last posted its quarterly earnings results on Thursday, August 22nd. The company reported C$2.05 EPS for the quarter, missing the consensus estimate of C$2.07 by C($0.02). Toronto-Dominion Bank had a return on equity of 7.33% and a net margin of 15.72%. The business had revenue of C$14.18 billion during the quarter, compared to analyst estimates of C$14.12 billion. As a group, equities analysts forecast that Toronto-Dominion Bank will post 7.2160149 earnings per share for the current fiscal year.

Toronto-Dominion Bank Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 31st will be given a $1.02 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $4.08 dividend on an annualized basis and a dividend yield of ∞. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 94.44%.

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.