The Toronto-Dominion Bank (TSE:TD) Receives Consensus Recommendation of "Hold" from Brokerages

Shares of The Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD have been assigned an average rating of "Hold" from the thirteen ratings firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is C$86.50.

TD has been the subject of several research analyst reports. Barclays cut shares of Toronto-Dominion Bank from a "hold" rating to a "strong sell" rating in a research note on Thursday, November 21st. Cormark cut their price objective on shares of Toronto-Dominion Bank from C$99.00 to C$94.00 in a research report on Friday, December 6th. National Bankshares decreased their target price on Toronto-Dominion Bank from C$85.00 to C$80.00 in a research report on Friday, December 6th. Scotiabank cut Toronto-Dominion Bank from an "outperform" rating to a "sector perform" rating and cut their price target for the company from C$98.00 to C$81.00 in a report on Friday, December 6th. Finally, Jefferies Financial Group upgraded Toronto-Dominion Bank from a "hold" rating to a "buy" rating and raised their price objective for the stock from C$82.00 to C$90.00 in a research report on Thursday, December 12th.

Toronto-Dominion Bank Stock Up 0.8 %

TSE TD traded up C$0.61 during trading on Thursday, hitting C$76.22. The company's stock had a trading volume of 1,345,706 shares, compared to its average volume of 7,405,920. Toronto-Dominion Bank has a 52 week low of C$73.22 and a 52 week high of C$87.99. The firm has a market cap of C$133.39 billion, a P/E ratio of 17.64, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82. The firm has a 50 day moving average price of C$77.56 and a 200 day moving average price of C$79.11.

Toronto-Dominion Bank Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 31st were given a $1.02 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $4.08 dividend on an annualized basis and a yield of 5.35%. Toronto-Dominion Bank's dividend payout ratio (DPR) is presently 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.