The Toronto-Dominion Bank (TSE:TD) Given Consensus Rating of “Hold” by Brokerages

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) has been assigned a consensus rating of “Hold” from the thirteen research firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is C$87.00.

A number of equities analysts have recently issued reports on TD shares. Canaccord Genuity Group increased their price objective on shares of Toronto-Dominion Bank from C$87.00 to C$89.00 in a research note on Monday, December 16th. Cormark dropped their price objective on shares of Toronto-Dominion Bank from C$99.00 to C$94.00 in a research note on Friday, December 6th. Scotiabank increased their price objective on shares of Toronto-Dominion Bank from C$81.00 to C$83.00 and gave the company a “sector perform” rating in a research note on Wednesday. CIBC dropped their target price on shares of Toronto-Dominion Bank from C$93.00 to C$90.00 in a research report on Friday, December 6th. Finally, National Bankshares dropped their target price on shares of Toronto-Dominion Bank from C$85.00 to C$80.00 in a research report on Friday, December 6th.

Toronto-Dominion Bank Stock Performance

Shares of TD stock opened at C$85.09 on Friday. Toronto-Dominion Bank has a 52-week low of C$73.22 and a 52-week high of C$87.99. The stock has a market cap of C$149.28 billion, a price-to-earnings ratio of 16.86, a P/E/G ratio of 1.22 and a beta of 0.82. The firm has a fifty day moving average of C$79.16 and a 200-day moving average of C$80.18.

Toronto-Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 31st were issued a dividend of $1.05 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $4.20 dividend on an annualized basis and a yield of 4.94%. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $1.02. Toronto-Dominion Bank’s dividend payout ratio is currently 80.84%.

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.