Toronto-Dominion Bank (TSE:TD) Raised to Outperform at BMO Capital Markets

BMO Capital Markets upgraded shares of Toronto-Dominion Bank (TSE:TD - Free Report) NYSE: TD from a market perform rating to an outperform rating in a report released on Thursday,BayStreet.CA reports. The brokerage currently has C$90.00 price target on the stock.

A number of other analysts also recently weighed in on TD. CIBC decreased their price target on shares of Toronto-Dominion Bank from C$93.00 to C$90.00 in a research report on Friday, December 6th. National Bank Financial upgraded shares of Toronto-Dominion Bank from a "strong sell" rating to a "hold" rating in a research note on Thursday, August 22nd. Canaccord Genuity Group boosted their target price on shares of Toronto-Dominion Bank from C$87.00 to C$89.00 in a research report on Monday. National Bankshares cut their target price on shares of Toronto-Dominion Bank from C$85.00 to C$80.00 in a research note on Friday, December 6th. Finally, Royal Bank of Canada downgraded Toronto-Dominion Bank from an "outperform" rating to a "sector perform" rating and decreased their price target for the stock from C$88.00 to C$82.00 in a research note on Friday, October 11th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of C$86.50.

Toronto-Dominion Bank Stock Performance

Shares of TSE:TD traded down C$0.60 during trading on Thursday, hitting C$74.20. The company's stock had a trading volume of 6,248,508 shares, compared to its average volume of 7,414,942. The company has a market capitalization of C$129.85 billion, a PE ratio of 17.18, a PEG ratio of 1.22 and a beta of 0.82. Toronto-Dominion Bank has a fifty-two week low of C$73.22 and a fifty-two week high of C$87.99. The stock's 50-day moving average price is C$78.59 and its two-hundred day moving average price is C$79.12.

Toronto-Dominion Bank Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 31st were given a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 5.50%. The ex-dividend date was Thursday, October 10th. Toronto-Dominion Bank's dividend 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.