Brokerages Set The Toronto-Dominion Bank (TSE:TD) PT at C$86.65

Shares of The Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD have earned a consensus recommendation of "Moderate Buy" from the thirteen research firms that are currently covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$86.65.

Several brokerages have weighed in on TD. CIBC reduced their price objective on Toronto-Dominion Bank from C$100.00 to C$96.00 in a research note on Friday, October 11th. Canaccord Genuity Group decreased their price objective on shares of Toronto-Dominion Bank from C$93.50 to C$91.50 in a report on Friday, October 11th. Jefferies Financial Group lifted their price target on shares of Toronto-Dominion Bank from C$73.00 to C$82.00 and gave the company a "hold" rating in a research note on Monday, August 12th. Desjardins lowered their price target on shares of Toronto-Dominion Bank from C$91.00 to C$90.00 and set a "buy" rating for the company in a research report on Friday, August 23rd. Finally, Cormark cut their target price on Toronto-Dominion Bank from C$93.00 to C$91.00 in a research note on Friday, October 11th.

Toronto-Dominion Bank Trading Up 2.2 %

TSE TD traded up C$1.68 during trading hours on Wednesday, hitting C$78.77. 6,597,434 shares of the company's stock traded hands, compared to its average volume of 7,596,212. Toronto-Dominion Bank has a 52 week low of C$73.67 and a 52 week high of C$87.99. The firm has a market capitalization of C$137.85 billion, a P/E ratio of 17.84, a P/E/G ratio of 1.22 and a beta of 0.82. The business's fifty day moving average price is C$81.99 and its two-hundred day moving average price is C$79.20.

Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD last released its earnings results on Thursday, August 22nd. The company reported C$2.05 earnings per share (EPS) for the quarter, missing the consensus estimate of C$2.07 by C($0.02). Toronto-Dominion Bank had a return on equity of 7.33% and a net margin of 15.72%. The business had revenue of C$14.18 billion for the quarter, compared to analysts' expectations of C$14.12 billion. On average, sell-side analysts expect that Toronto-Dominion Bank will post 7.2160149 EPS for the current fiscal year.

Toronto-Dominion Bank Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 31st were issued a $1.02 dividend. The ex-dividend date was Thursday, October 10th. This represents a $4.08 dividend on an annualized basis and a yield of 5.18%. Toronto-Dominion Bank's payout ratio is currently 94.44%.

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.