The Toronto-Dominion Bank (TSE:TD) Stock Has Average Price Target of C$171.08 According to Brokerages

Shares of The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) have been given a consensus rating of “Moderate Buy” by the eleven ratings firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$171.08.

Several research firms recently commented on TD. Keefe, Bruyette & Woods boosted their price objective on shares of Toronto-Dominion Bank from C$180.00 to C$187.00 in a research report on Monday, August 31st. Royal Bank Of Canada upped their target price on shares of Toronto-Dominion Bank from C$156.00 to C$173.00 and gave the stock an “outperform” rating in a research note on Friday, August 28th. Desjardins set a C$183.00 target price on shares of Toronto-Dominion Bank and gave the stock a “buy” rating in a research note on Wednesday, September 2nd. Scotiabank increased their target price on Toronto-Dominion Bank from C$180.00 to C$187.00 and gave the stock a “sector outperform” rating in a report on Friday, August 28th. Finally, Jefferies Financial Group increased their target price on Toronto-Dominion Bank from C$164.00 to C$165.00 in a report on Thursday, September 3rd.

Insider Activity

In related news, insider Kelvin Vi Luan Tran sold 8,000 shares of the stock in a transaction dated Tuesday, September 22nd. The stock was sold at an average price of C$172.92, for a total transaction of C$1,383,360.00. Following the completion of the transaction, the insider directly owned 23,877 shares in the company, valued at approximately C$4,128,810.84. This trade represents a 25.10% decrease in their ownership of the stock. Insiders own 0.08% of the company’s stock.

Toronto-Dominion Bank Stock Performance

Shares of TSE:TD opened at C$167.83 on Wednesday. The company has a 50 day moving average price of C$167.87 and a two-hundred day moving average price of C$160.01. The company has a market capitalization of C$274.07 billion, a PE ratio of 17.97, a PEG ratio of 1.22 and a beta of 0.84. Toronto-Dominion Bank has a 52 week low of C$109.56 and a 52 week high of C$175.33.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last posted its earnings results on Thursday, August 27th. The company reported C$2.77 earnings per share (EPS) for the quarter. Toronto-Dominion Bank had a return on equity of 12.83% and a net margin of 14.36%. The firm had revenue of C$16.93 billion during the quarter. On average, sell-side analysts forecast that Toronto-Dominion Bank will post 7.22 earnings per share for the current year.

Toronto-Dominion Bank Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, October 31st. Stockholders of record on Saturday, October 31st will be given a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, October 9th. Toronto-Dominion Bank’s dividend payout ratio is currently 46.36%.

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.