Toronto-Dominion Bank (TSE:TD) Share Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Shares of The Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$79.34 and traded as high as C$79.60. Toronto-Dominion Bank shares last traded at C$79.31, with a volume of 13,619,651 shares traded.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. CIBC reduced their target price on shares of Toronto-Dominion Bank from C$93.00 to C$90.00 in a research note on Friday, December 6th. Royal Bank of Canada raised their target price on shares of Toronto-Dominion Bank from C$77.00 to C$86.00 and gave the stock a "sector perform" rating in a research note on Wednesday, January 8th. Canaccord Genuity Group raised their target price on shares of Toronto-Dominion Bank from C$87.00 to C$89.00 in a research note on Monday, December 16th. Jefferies Financial Group upgraded shares of Toronto-Dominion Bank from a "hold" rating to a "buy" rating and raised their target price for the stock from C$82.00 to C$90.00 in a research note on Thursday, December 12th. Finally, Scotiabank cut shares of Toronto-Dominion Bank from an "outperform" rating to a "sector perform" rating and reduced their target price for the stock from C$98.00 to C$81.00 in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Toronto-Dominion Bank presently has a consensus rating of "Hold" and an average price target of C$86.83.

Toronto-Dominion Bank Price Performance

The company's 50 day moving average is C$77.40 and its 200 day moving average is C$79.34. The stock has a market cap of C$138.79 billion, a price-to-earnings ratio of 18.36, a PEG ratio of 1.22 and a beta of 0.82.

Toronto-Dominion Bank Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 31st will be given a dividend of $1.05 per share. The ex-dividend date is Friday, January 10th. This represents a $4.20 dividend on an annualized basis and a yield of 5.30%. This is a boost from Toronto-Dominion Bank's previous quarterly dividend of $1.02. Toronto-Dominion Bank's payout ratio is presently 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.