Brokerages Set The Toronto-Dominion Bank (TSE:TD) Target Price at C$139.00

Shares of The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) have been assigned an average rating of “Moderate Buy” from the ten brokerages that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is C$139.00.

A number of analysts have commented on the stock. Scotiabank boosted their price target on shares of Toronto-Dominion Bank from C$132.00 to C$142.00 and gave the company an “outperform” rating in a research note on Friday, February 27th. Desjardins boosted their price target on shares of Toronto-Dominion Bank from C$139.00 to C$145.00 and gave the company a “buy” rating in a research note on Friday, February 27th. BMO Capital Markets boosted their price target on shares of Toronto-Dominion Bank from C$135.00 to C$144.00 and gave the company an “outperform” rating in a research note on Friday, February 27th. Royal Bank Of Canada decreased their price target on shares of Toronto-Dominion Bank from C$148.00 to C$138.00 and set an “outperform” rating for the company in a research note on Wednesday, March 25th. Finally, Jefferies Financial Group decreased their price target on shares of Toronto-Dominion Bank from C$130.00 to C$128.00 in a research note on Wednesday, February 11th.

Toronto-Dominion Bank Price Performance

TD stock opened at C$144.11 on Wednesday. The stock has a market capitalization of C$240.50 billion, a PE ratio of 11.67, a price-to-earnings-growth ratio of 1.22 and a beta of 0.86. The company’s 50-day moving average is C$132.99 and its 200-day moving average is C$125.83. Toronto-Dominion Bank has a 1 year low of C$84.76 and a 1 year high of C$145.90.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last announced its quarterly earnings results on Thursday, February 26th. The company reported C$2.44 EPS for the quarter. The business had revenue of C$16.63 billion during the quarter. Toronto-Dominion Bank had a net margin of 19.11% and a return on equity of 17.26%. On average, analysts anticipate that Toronto-Dominion Bank will post 7.2160149 earnings per share for the current fiscal year.

Toronto-Dominion Bank Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 30th will be paid a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Thursday, April 9th. Toronto-Dominion Bank’s payout ratio is 34.25%.

Toronto-Dominion Bank Company Profile

Toronto-Dominion is one of Canada’s two largest banks and operates three business segments: Canadian retail banking, U.S. retail banking, and wholesale banking. The bank’s U.S. operations span from Maine to Florida, with a strong presence in the Northeast. It also has a 13% ownership stake in Charles Schwab.