Shares of Toronto-Dominion Bank (TSE:TD) (NYSE:TD) have been given an average recommendation of “Buy” by the ten brokerages that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is C$80.60.
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A number of research analysts have recently weighed in on the company. CSFB cut their price target on Toronto-Dominion Bank from C$78.00 to C$76.00 in a research note on Wednesday, October 2nd. Eight Capital cut their price target on Toronto-Dominion Bank from C$85.00 to C$84.00 in a research note on Wednesday, September 4th. Citigroup cut their price target on Toronto-Dominion Bank from C$90.00 to C$82.00 in a research note on Tuesday, September 10th. National Bank Financial cut their price target on Toronto-Dominion Bank from C$84.00 to C$79.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 2nd. Finally, Desjardins cut their price target on Toronto-Dominion Bank from C$83.00 to C$81.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th.
In related news, Senior Officer Ajai Bambawale sold 13,908 shares of the company’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of C$76.90, for a total value of C$1,069,525.20. Also, Senior Officer Robert E. Dorrance sold 138,636 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of C$72.63, for a total transaction of C$10,069,132.68. Following the completion of the sale, the insider now owns 569,584 shares of the company’s stock, valued at approximately C$41,368,885.92. In the last three months, insiders sold 157,544 shares of company stock worth $11,506,158.
TSE:TD traded up C$0.21 during trading hours on Tuesday, hitting C$76.55. 1,355,700 shares of the stock were exchanged, compared to its average volume of 3,462,650. The company’s 50 day moving average is C$75.00 and its two-hundred day moving average is C$75.09. Toronto-Dominion Bank has a twelve month low of C$65.56 and a twelve month high of C$77.96. The company has a market capitalization of $139.92 billion and a P/E ratio of 12.17.
Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last posted its quarterly earnings data on Thursday, August 29th. The company reported C$1.79 earnings per share (EPS) for the quarter, hitting the consensus estimate of C$1.79. The firm had revenue of C$10.50 billion for the quarter, compared to analyst estimates of C$10.09 billion. On average, research analysts anticipate that Toronto-Dominion Bank will post 7.05 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were paid a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date of this dividend was Wednesday, October 9th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 47.05%.
About Toronto-Dominion Bank
The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. The company operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. It offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; financing options to customers at point of sale for automotive and recreational vehicle purchases through auto dealer network; credit cards; investing, advice-based, and asset management services to retail and institutional clients; and property and casualty insurance, as well as life and health insurance products.
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