The Toronto-Dominion Bank (TSE:TD) Receives C$87.42 Average Price Target from Brokerages

Shares of The Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD have been assigned a consensus recommendation of "Hold" from the thirteen ratings firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned 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 ratings on the stock in the last year is C$87.42.

Several equities research analysts have issued reports on the stock. Canaccord Genuity Group decreased their price target on shares of Toronto-Dominion Bank from C$91.50 to C$89.00 in a research note on Tuesday, November 19th. National Bank Financial upgraded shares of Toronto-Dominion Bank from a "strong sell" rating to a "hold" rating in a research report on Thursday, August 22nd. Barclays downgraded Toronto-Dominion Bank from a "hold" rating to a "strong sell" rating in a report on Thursday, November 21st. Royal Bank of Canada cut Toronto-Dominion Bank from an "outperform" rating to a "sector perform" rating and decreased their price objective for the stock from C$88.00 to C$82.00 in a report on Friday, October 11th. Finally, Bank of America upped their price objective on Toronto-Dominion Bank from C$85.00 to C$90.00 in a report on Friday, August 23rd.

Toronto-Dominion Bank Stock Down 0.2 %

Shares of TD traded down C$0.16 during trading hours on Friday, reaching C$79.23. 2,243,958 shares of the company traded hands, compared to its average volume of 7,381,025. The stock has a market capitalization of C$138.65 billion, a PE ratio of 18.34, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82. The stock has a fifty day simple moving average of C$80.72 and a 200 day simple moving average of C$79.18. Toronto-Dominion Bank has a fifty-two week low of C$73.67 and a fifty-two week high of C$87.99.

Toronto-Dominion Bank Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 31st were paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 5.15%. The ex-dividend date of this dividend was Thursday, October 10th. Toronto-Dominion Bank's payout ratio is 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.