Brokerages Set The Toronto-Dominion Bank (TSE:TD) PT at C$86.65

Shares of The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) have been assigned an average rating of “Moderate Buy” from the thirteen analysts that are currently covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is C$86.65.

Several brokerages have recently weighed in on TD. Royal Bank of Canada lowered shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from C$88.00 to C$82.00 in a report on Friday, October 11th. Jefferies Financial Group boosted their price objective on shares of Toronto-Dominion Bank from C$73.00 to C$82.00 and gave the company a “hold” rating in a research note on Monday, August 12th. National Bankshares raised Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating and increased their target price for the stock from C$74.00 to C$78.00 in a research report on Friday, August 23rd. Cormark lowered their price target on Toronto-Dominion Bank from C$93.00 to C$91.00 in a research report on Friday, October 11th. Finally, Scotiabank cut their price objective on Toronto-Dominion Bank from C$87.00 to C$86.00 in a report on Monday, August 19th.

Toronto-Dominion Bank Stock Performance

Shares of TSE TD opened at C$78.33 on Wednesday. The firm has a market cap of C$137.08 billion, a P/E ratio of 18.11, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82. Toronto-Dominion Bank has a 1 year low of C$73.67 and a 1 year high of C$87.99. The firm’s 50 day moving average price is C$81.90 and its 200 day moving average price is C$79.17.

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

Toronto-Dominion Bank Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 31st were given a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 5.21%. The ex-dividend date was Thursday, October 10th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 94.44%.

Toronto-Dominion Bank Company Profile

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.