Toronto Dominion Bank (The) (NYSE:TD) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) have received a consensus rating of “Moderate Buy” from the nine ratings firms that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $156.00.

A number of equities analysts recently weighed in on the company. Raymond James Financial raised Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a research note on Tuesday, May 12th. Wall Street Zen lowered shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Weiss Ratings upgraded shares of Toronto Dominion Bank from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday. Zacks Research downgraded shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Scotiabank upgraded shares of Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a report on Monday, May 4th.

Institutional Trading of Toronto Dominion Bank

Large investors have recently added to or reduced their stakes in the company. Bayban purchased a new position in shares of Toronto Dominion Bank during the fourth quarter valued at $28,000. Harvest Fund Management Co. Ltd raised its position in Toronto Dominion Bank by 112.8% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 317 shares of the bank’s stock valued at $30,000 after buying an additional 168 shares during the period. CBIZ Investment Advisory Services LLC purchased a new stake in Toronto Dominion Bank in the 4th quarter worth about $34,000. Brown Lisle Cummings Inc. lifted its stake in Toronto Dominion Bank by 88.4% in the 1st quarter. Brown Lisle Cummings Inc. now owns 407 shares of the bank’s stock worth $38,000 after acquiring an additional 191 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in Toronto Dominion Bank by 660.9% during the 2nd quarter. Smartleaf Asset Management LLC now owns 525 shares of the bank’s stock worth $38,000 after acquiring an additional 456 shares during the period. 52.37% of the stock is owned by institutional investors and hedge funds.

Toronto Dominion Bank Stock Performance

TD opened at $121.39 on Monday. The firm has a market cap of $199.67 billion, a PE ratio of 18.94, a P/E/G ratio of 1.35 and a beta of 0.72. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.09. The business has a fifty day simple moving average of $119.05 and a 200-day simple moving average of $106.60. Toronto Dominion Bank has a fifty-two week low of $72.72 and a fifty-two week high of $124.87.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its earnings results on Thursday, May 28th. The bank reported $1.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.11. Toronto Dominion Bank had a return on equity of 14.83% and a net margin of 13.20%.The company had revenue of $11.80 billion for the quarter, compared to analyst estimates of $11.04 billion. During the same period in the previous year, the firm earned $1.97 earnings per share. Toronto Dominion Bank’s revenue for the quarter was down 31.1% compared to the same quarter last year. As a group, equities analysts predict that Toronto Dominion Bank will post 6.86 EPS for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Friday, July 10th were given a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a yield of 3.7%. The ex-dividend date was Friday, July 10th. This is a positive change from Toronto Dominion Bank’s previous quarterly dividend of $1.08. Toronto Dominion Bank’s dividend payout ratio is presently 49.14%.

Toronto Dominion Bank Company Profile

Toronto-Dominion Bank (TD) is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. Formed through the 1955 merger of the Bank of Toronto (founded 1855) and the Dominion Bank (founded 1869), TD is one of Canada’s largest banks and offers a broad range of financial products and services to individual, small business, commercial and institutional clients.

TD’s core businesses include Canadian and U.S. personal and commercial banking, wealth management, wholesale banking and insurance.