Brokerages Set The Toronto-Dominion Bank (TSE:TD) PT at C$140.42

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) has been assigned a consensus recommendation of “Moderate Buy” from the ten brokerages that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is C$143.04.

TD has been the topic of a number of recent analyst reports. National Bank Financial increased their target price on shares of Toronto-Dominion Bank from C$146.00 to C$157.00 and gave the company an “outperform” rating in a research report on Friday. 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. BMO Capital Markets increased their price target on shares of Toronto-Dominion Bank from C$135.00 to C$144.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. Scotiabank upgraded shares of Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating and increased their price target for the stock from C$142.00 to C$150.00 in a research note on Monday, May 4th. Finally, Raymond James Financial upgraded shares of Toronto-Dominion Bank from a “hold” rating to a “moderate buy” rating and increased their price target for the stock from C$141.00 to C$152.50 in a research note on Tuesday, May 12th.

Toronto-Dominion Bank Price Performance

TSE TD opened at C$148.30 on Friday. The firm’s fifty day moving average price is C$137.35 and its 200 day moving average price is C$129.50. The company has a market capitalization of C$247.49 billion, a price-to-earnings ratio of 12.01, a price-to-earnings-growth ratio of 1.22 and a beta of 0.92. Toronto-Dominion Bank has a 12 month low of C$89.34 and a 12 month high of C$149.08.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last posted its earnings results on Thursday, February 26th. The company reported C$2.44 EPS for the quarter. The firm had revenue of C$16.63 billion for the quarter. Toronto-Dominion Bank had a net margin of 19.11% and a return on equity of 17.26%. As a group, sell-side analysts forecast that Toronto-Dominion Bank will post 7.2160149 earnings per share for the current year.

Toronto-Dominion Bank Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Thursday, April 30th were paid a dividend of $1.08 per share. The ex-dividend date was Thursday, April 9th. This represents a $4.32 dividend on an annualized basis and a yield of 2.9%. Toronto-Dominion Bank’s dividend payout ratio is currently 34.25%.

Toronto-Dominion Bank Company Profile

TD Asset Management Inc (‘TDAM’), a member of TD Bank Group, is a Canadian investment management firm with a growing global presence. Bringing together three decades of investment experience, our broad selection of strategies and solutions includes fundamental equities, quantitative and passive equities, fixed income across the credit quality spectrum and alternatives, such as private credit, infrastructure and real estate. TDAM offers institutional investment solutions to corporations, pension funds, endowments and foundations, sovereign wealth funds and superannuation funds, among others.