The Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$79.72 and traded as high as C$82.80. Toronto-Dominion Bank shares last traded at C$82.63, with a volume of 4,889,871 shares traded.
Analysts Set New Price Targets
Several analysts recently weighed in on TD shares. Jefferies Financial Group raised Toronto-Dominion Bank from a "hold" rating to a "buy" rating and raised their price objective for the company from C$82.00 to C$90.00 in a research note on Thursday, December 12th. Scotiabank cut Toronto-Dominion Bank from an "outperform" rating to a "sector perform" rating and reduced their price target for the stock from C$98.00 to C$81.00 in a report on Friday, December 6th. Desjardins cut shares of Toronto-Dominion Bank from a "moderate buy" rating to a "hold" rating in a research note on Thursday, December 5th. National Bankshares lowered their target price on Toronto-Dominion Bank from C$85.00 to C$80.00 in a research report on Friday, December 6th. Finally, Cormark lowered their target price on Toronto-Dominion Bank from C$99.00 to C$94.00 in a research report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Toronto-Dominion Bank has a consensus rating of "Hold" and a consensus price target of C$86.83.
View Our Latest Analysis on Toronto-Dominion Bank
Toronto-Dominion Bank Price Performance
The company has a market cap of C$144.45 billion, a P/E ratio of 19.11, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82. The company has a 50 day moving average of C$77.99 and a 200-day moving average of C$79.74.
Toronto-Dominion Bank Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 31st will be issued a $1.05 dividend. The ex-dividend date is Friday, January 10th. This represents a $4.20 annualized dividend and a dividend yield of 5.09%. This is an increase from Toronto-Dominion Bank's previous quarterly dividend of $1.02. Toronto-Dominion Bank's payout ratio is currently 94.44%.
Toronto-Dominion Bank Company Profile
(
Get Free Report)
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.
Recommended Stories
Before you consider Toronto-Dominion Bank, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Toronto-Dominion Bank wasn't on the list.
While Toronto-Dominion Bank currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
