Analysts Set The Toronto-Dominion Bank (TSE:TD) Price Target at C$159.17

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) has received a consensus rating of “Moderate Buy” from the ten brokerages that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$160.83.

A number of equities analysts recently commented on TD shares. Scotiabank raised their price objective on shares of Toronto-Dominion Bank from C$164.00 to C$169.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, June 16th. Desjardins boosted their target price on shares of Toronto-Dominion Bank from C$160.00 to C$183.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Jefferies Financial Group increased their target price on Toronto-Dominion Bank from C$151.00 to C$159.00 in a report on Thursday, August 13th. Canadian Imperial Bank of Commerce raised their target price on Toronto-Dominion Bank from C$164.00 to C$184.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, Raymond James Financial lifted their price target on Toronto-Dominion Bank from C$155.00 to C$180.00 and gave the company an “outperform” rating in a report on Wednesday, August 12th.

Insider Transactions at Toronto-Dominion Bank

In other Toronto-Dominion Bank news, insider Paul Martyn Clark sold 27,649 shares of Toronto-Dominion Bank stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of C$161.22, for a total transaction of C$4,457,571.78. Following the transaction, the insider owned 260 shares of the company’s stock, valued at C$41,917.20. The trade was a 99.07% decrease in their position. Also, insider Kelvin Vi Luan Tran sold 8,498 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of C$156.61, for a total value of C$1,330,871.78. Following the completion of the transaction, the insider owned 26,677 shares in the company, valued at C$4,177,884.97. This represents a 24.16% decrease in their position. Company insiders own 0.08% of the company’s stock.

Toronto-Dominion Bank Trading Down 1.4%

TSE TD opened at C$161.42 on Tuesday. Toronto-Dominion Bank has a 1 year low of C$100.01 and a 1 year high of C$175.33. The company has a market cap of C$266.67 billion, a PE ratio of 18.95, a PEG ratio of 1.22 and a beta of 0.88. The stock’s 50-day moving average price is C$169.48 and its two-hundred day moving average price is C$150.23.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last announced its earnings results on Thursday, May 28th. The company reported C$2.38 EPS for the quarter. The company had revenue of C$16.04 billion during the quarter. Toronto-Dominion Bank had a net margin of 13.21% and a return on equity of 11.85%. Research analysts forecast that Toronto-Dominion Bank will post 7.2160149 EPS for the current fiscal year.

Toronto-Dominion Bank Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Friday, July 31st were given a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Friday, July 10th. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $1.08. Toronto-Dominion Bank’s dividend payout ratio is 50.00%.

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.