Toronto-Dominion Bank (TSE:TD) Stock Price Crosses Above 200-Day Moving Average - Should You Sell?

The Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD's stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 trading hands.

Wall Street Analysts Forecast Growth

Several analysts have commented on TD shares. Jefferies Financial Group upgraded Toronto-Dominion Bank from a "hold" rating to a "buy" rating and increased their target price for the company from C$82.00 to C$90.00 in a research note on Thursday, December 12th. Scotiabank downgraded Toronto-Dominion Bank from an "outperform" rating to a "sector perform" rating and reduced their price objective for the stock from C$98.00 to C$81.00 in a report on Friday, December 6th. Royal Bank of Canada raised their price target on shares of Toronto-Dominion Bank from C$77.00 to C$86.00 and gave the company a "sector perform" rating in a report on Wednesday, January 8th. Barclays cut shares of Toronto-Dominion Bank from a "hold" rating to a "strong sell" rating in a report on Thursday, November 21st. Finally, BMO Capital Markets upgraded shares of Toronto-Dominion Bank from a "market perform" rating to an "outperform" rating and set a C$90.00 target price on the stock in a report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of C$86.83.

Toronto-Dominion Bank Stock Up 0.2 %

The stock has a market cap of C$139.04 billion, a P/E ratio of 18.39, a P/E/G ratio of 1.22 and a beta of 0.82. The firm has a 50 day moving average price of C$77.40 and a 200 day moving average price of C$79.34.

Toronto-Dominion Bank Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 31st will be paid a dividend of $1.05 per share. This is a boost from Toronto-Dominion Bank's previous quarterly dividend of $1.02. The ex-dividend date is Friday, January 10th. This represents a $4.20 dividend on an annualized basis and a yield of 5.29%. 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.