Shares of Toronto-Dominion Bank (TSE:TD) (NYSE:TD) have earned a consensus recommendation of “Buy” from the ten analysts that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$80.60.
Several analysts have weighed in on TD shares. BMO Capital Markets downgraded Toronto-Dominion Bank from an “outperform” rating to a “market perform” rating and cut their target price for the company from C$85.00 to C$78.00 in a research note on Friday, August 30th. Royal Bank of Canada lowered their price target on Toronto-Dominion Bank from C$82.00 to C$80.00 and set a “sector perform” rating on the stock in a research report on Monday, October 7th. Eight Capital lowered their price target on Toronto-Dominion Bank from C$85.00 to C$84.00 in a research report on Wednesday, September 4th. National Bank Financial lowered their price target on Toronto-Dominion Bank from C$84.00 to C$79.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 2nd. Finally, Citigroup lowered their price target on Toronto-Dominion Bank from C$90.00 to C$82.00 in a research report on Tuesday, September 10th.
Shares of TSE TD traded up C$0.21 during mid-day trading on Tuesday, hitting C$76.55. The company had a trading volume of 1,355,700 shares, compared to its average volume of 3,462,650. The stock has a market cap of $139.92 billion and a price-to-earnings ratio of 12.17. Toronto-Dominion Bank has a 12 month low of C$65.56 and a 12 month high of C$77.96. The firm’s 50 day simple moving average is C$75.00 and its two-hundred day simple moving average is C$75.09.
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were issued a dividend of $0.74 per share. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 3.87%. Toronto-Dominion Bank’s dividend payout ratio is 47.05%.
In related news, Senior Officer Ajai Bambawale sold 13,908 shares of Toronto-Dominion Bank stock in a transaction on Friday, September 20th. The stock was sold at an average price of C$76.90, for a total transaction of C$1,069,525.20. Also, Senior Officer Robert E. Dorrance sold 138,636 shares of Toronto-Dominion Bank stock in a transaction on Thursday, September 5th. The shares were sold at an average price of C$72.63, for a total value of C$10,069,132.68. Following the sale, the insider now directly owns 569,584 shares of the company’s stock, valued at approximately C$41,368,885.92. Insiders have sold 157,544 shares of company stock worth $11,506,158 in the last quarter.
Toronto-Dominion Bank Company Profile
The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. The company operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. It offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; financing options to customers at point of sale for automotive and recreational vehicle purchases through auto dealer network; credit cards; investing, advice-based, and asset management services to retail and institutional clients; and property and casualty insurance, as well as life and health insurance products.
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