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

Shares of The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) have received an average rating of “Hold” from the thirteen research firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$88.75.

Several equities analysts have commented on the stock. UBS Group raised their target price on shares of Toronto-Dominion Bank from C$83.00 to C$90.00 in a report on Friday, February 14th. Cormark decreased their target price on shares of Toronto-Dominion Bank from C$99.00 to C$94.00 in a report on Friday, December 6th. Barclays lowered shares of Toronto-Dominion Bank from a “hold” rating to a “strong sell” rating in a report on Thursday, November 21st. BMO Capital Markets raised shares of Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating and set a C$90.00 target price on the stock in a report on Thursday, December 19th. Finally, Desjardins lowered shares of Toronto-Dominion Bank from a “moderate buy” rating to a “hold” rating in a report on Thursday, December 5th.

Toronto-Dominion Bank Stock Up 0.6 %

TD stock opened at C$85.13 on Friday. Toronto-Dominion Bank has a 12 month low of C$73.22 and a 12 month high of C$87.99. The firm has a market cap of C$149.35 billion, a P/E ratio of 16.87, a P/E/G ratio of 1.22 and a beta of 0.82. The company’s 50-day moving average price is C$79.60 and its two-hundred day moving average price is C$80.29.

Toronto-Dominion Bank Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 31st were given a dividend of $1.05 per share. The ex-dividend date of this dividend was Friday, January 10th. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $1.02. This represents a $4.20 annualized dividend and a yield of 4.93%. Toronto-Dominion Bank’s dividend payout ratio (DPR) 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.