The Toronto-Dominion Bank (TSE:TD) Receives Consensus Recommendation of “Hold” from Analysts

Shares of The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) have been assigned an average recommendation of “Hold” from the thirteen research firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$86.83.

TD has been the subject of a number of research reports. Cormark decreased their target price on shares of Toronto-Dominion Bank from C$99.00 to C$94.00 in a research report on Friday, December 6th. Scotiabank cut Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from C$98.00 to C$81.00 in a report on Friday, December 6th. National Bankshares dropped their target price on Toronto-Dominion Bank from C$85.00 to C$80.00 in a report on Friday, December 6th. BMO Capital Markets raised Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating and set a C$90.00 price target for the company in a report on Thursday, December 19th. Finally, Jefferies Financial Group raised shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating and raised their price objective for the stock from C$82.00 to C$90.00 in a research note on Thursday, December 12th.

Toronto-Dominion Bank Trading Down 0.1 %

TD opened at C$82.15 on Monday. The firm has a 50 day moving average of C$77.93 and a two-hundred day moving average of C$79.72. The firm has a market capitalization of C$143.76 billion, a PE ratio of 19.02, a P/E/G ratio of 1.22 and a beta of 0.82. Toronto-Dominion Bank has a 12-month low of C$73.22 and a 12-month high of C$87.99.

Toronto-Dominion Bank Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 31st will be given a $1.05 dividend. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $1.02. The ex-dividend date of this dividend is Friday, January 10th. This represents a $4.20 annualized dividend and a dividend yield of 5.11%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 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.