The Toronto-Dominion Bank (TSE:TD) Given Average Rating of "Hold" by Analysts

The Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD has earned a consensus recommendation of "Hold" from the thirteen brokerages that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$86.83.

A number of equities analysts have commented on TD shares. CIBC reduced their price target on shares of Toronto-Dominion Bank from C$93.00 to C$90.00 in a research report on Friday, December 6th. Scotiabank lowered shares of Toronto-Dominion Bank from an "outperform" rating to a "sector perform" rating and reduced their price target for the company from C$98.00 to C$81.00 in a research report on Friday, December 6th. Royal Bank of Canada boosted their price target on shares of Toronto-Dominion Bank from C$77.00 to C$86.00 and gave the company a "sector perform" rating in a research report on Wednesday, January 8th. Barclays lowered shares of Toronto-Dominion Bank from a "hold" rating to a "strong sell" rating in a research report on Thursday, November 21st. Finally, Cormark reduced 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.

Toronto-Dominion Bank Trading Up 0.5 %

TSE TD traded up C$0.37 on Monday, reaching C$82.23. The company's stock had a trading volume of 4,144,925 shares, compared to its average volume of 13,440,970. The firm has a market cap of C$143.90 billion, a PE ratio of 19.03, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82. The business has a 50-day moving average price of C$77.78 and a 200 day moving average price of C$79.60. Toronto-Dominion Bank has a 52 week low of C$73.22 and a 52 week 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 paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 5.11%. The ex-dividend date of this dividend is Friday, January 10th. This is a boost from Toronto-Dominion Bank's previous quarterly dividend of $1.02. Toronto-Dominion Bank's dividend payout ratio (DPR) is currently 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.