The Toronto-Dominion Bank (TSE:TD – Get Free Report) (NYSE:TD) has earned an average rating of “Moderate Buy” from the twelve ratings firms that are covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$91.02.
TD has been the subject of a number of research reports. Desjardins decreased their price target on Toronto-Dominion Bank from C$96.00 to C$94.00 and set a “buy” rating for the company in a research note on Wednesday, February 7th. CIBC reduced their price objective on Toronto-Dominion Bank from C$88.00 to C$86.00 and set a “neutral” rating for the company in a research note on Friday, March 8th. Bank of America reduced their price objective on Toronto-Dominion Bank from C$88.00 to C$86.00 in a research note on Wednesday, February 14th. BMO Capital Markets raised their price objective on Toronto-Dominion Bank from C$81.00 to C$86.00 in a research note on Friday, April 5th. Finally, Canaccord Genuity Group raised their price objective on Toronto-Dominion Bank from C$95.00 to C$96.00 and gave the stock a “buy” rating in a research note on Friday, March 1st.
Read Our Latest Research Report on TD
Toronto-Dominion Bank Stock Performance
Toronto-Dominion Bank (TSE:TD – Get Free Report) (NYSE:TD) last issued its quarterly earnings results on Thursday, February 29th. The company reported C$2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.93 by C$0.07. The firm had revenue of C$13.71 billion during the quarter, compared to analyst estimates of C$12.63 billion. Toronto-Dominion Bank had a return on equity of 10.72% and a net margin of 23.86%. On average, research analysts predict that Toronto-Dominion Bank will post 7.8683417 earnings per share for the current fiscal year.
Toronto-Dominion Bank Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 30th will be given a $1.02 dividend. The ex-dividend date is Monday, April 8th. This represents a $4.08 annualized dividend and a dividend yield of 5.11%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 64.45%.
Toronto-Dominion Bank Company Profile
The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.
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