Analysts Set The Toronto-Dominion Bank (TSE:TD) PT at C$91.02

Shares of The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) have earned an average recommendation of “Moderate Buy” from the twelve research firms that are currently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is C$91.02.

Several brokerages have recently commented on TD. Scotiabank upgraded Toronto-Dominion Bank from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from C$86.00 to C$93.00 in a research note on Wednesday, April 17th. Bank of America reduced their target price on Toronto-Dominion Bank from C$88.00 to C$86.00 in a research note on Wednesday, February 14th. CIBC reduced their price target on Toronto-Dominion Bank from C$88.00 to C$86.00 and set a “neutral” rating for the company in a research note on Friday, March 8th. BMO Capital Markets boosted their price target on Toronto-Dominion Bank from C$81.00 to C$86.00 in a research note on Friday, April 5th. Finally, Canaccord Genuity Group boosted their price target on Toronto-Dominion Bank from C$95.00 to C$96.00 and gave the company a “buy” rating in a research note on Friday, March 1st.

Toronto-Dominion Bank Stock Up 0.5 %

TD stock opened at C$80.27 on Friday. The business has a 50 day moving average price of C$80.56 and a two-hundred day moving average price of C$81.43. The company has a market cap of C$142.08 billion, a price-to-earnings ratio of 12.68, a P/E/G ratio of 1.08 and a beta of 0.83. Toronto-Dominion Bank has a twelve month low of C$75.89 and a twelve month high of C$87.10.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last issued its earnings results on Thursday, February 29th. The company reported C$2.00 EPS for the quarter, topping the consensus estimate of C$1.93 by C$0.07. Toronto-Dominion Bank had a return on equity of 10.72% and a net margin of 23.86%. The company had revenue of C$13.71 billion during the quarter, compared to the consensus estimate of C$12.63 billion. On average, equities research analysts anticipate that Toronto-Dominion Bank will post 7.8683417 EPS for the current fiscal year.

Toronto-Dominion Bank Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 30th will be issued a dividend of $1.02 per share. The ex-dividend date is Monday, April 8th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 5.08%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 64.45%.

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.