The Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$86.99 and last traded at C$86.71, with a volume of 680716 shares traded. The stock had previously closed at C$85.26.
Wall Street Analyst Weigh In
TD has been the subject of several analyst reports. BMO Capital Markets reduced their price target on shares of Toronto-Dominion Bank from C$86.00 to C$84.00 and set a "market perform" rating for the company in a research report on Friday, May 24th. Jefferies Financial Group boosted their price target on Toronto-Dominion Bank from C$73.00 to C$82.00 and gave the stock a "hold" rating in a research note on Monday, August 12th. Cibc World Mkts raised Toronto-Dominion Bank from a "hold" rating to a "strong-buy" rating in a report on Friday, May 24th. Canaccord Genuity Group lifted their price objective on Toronto-Dominion Bank from C$91.00 to C$93.50 and gave the stock a "buy" rating in a report on Friday, May 24th. Finally, UBS Group set a C$82.00 target price on Toronto-Dominion Bank and gave the stock a "neutral" rating in a research report on Tuesday, July 2nd. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of C$87.79.
Read Our Latest Report on TD
Toronto-Dominion Bank Stock Performance
The company's 50-day moving average price is C$80.70 and its 200 day moving average price is C$78.99. The stock has a market capitalization of C$152.81 billion, a P/E ratio of 20.21, a P/E/G ratio of 1.08 and a beta of 0.82.
Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD last released its earnings results on Thursday, August 22nd. The company reported C$2.05 earnings per share (EPS) for the quarter, missing the consensus estimate of C$2.07 by C($0.02). Toronto-Dominion Bank had a return on equity of 7.33% and a net margin of 15.72%. The business had revenue of C$14.18 billion for the quarter, compared to analysts' expectations of C$14.12 billion. Analysts predict that The Toronto-Dominion Bank will post 8.3630893 earnings per share for the current year.
Toronto-Dominion Bank Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th will be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 4.67%. The ex-dividend date is Thursday, October 10th. Toronto-Dominion Bank's dividend payout ratio (DPR) is presently 94.44%.
About Toronto-Dominion Bank
(
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.
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