Toronto-Dominion Bank (TSE:TD) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$125.95 and traded as high as C$144.62. Toronto-Dominion Bank shares last traded at C$142.93, with a volume of 2,258,383 shares traded.

Wall Street Analysts Forecast Growth

TD has been the topic of several recent analyst reports. Desjardins boosted their price target on Toronto-Dominion Bank from C$139.00 to C$145.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. National Bank Financial boosted their price target on Toronto-Dominion Bank from C$138.00 to C$146.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. Scotiabank boosted their price target on Toronto-Dominion Bank from C$132.00 to C$142.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. BMO Capital Markets boosted their price target on 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. Finally, Jefferies Financial Group cut their price target on Toronto-Dominion Bank from C$130.00 to C$128.00 in a research note on Wednesday, February 11th. Six analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$139.00.

Toronto-Dominion Bank Stock Down 0.2%

The company has a 50 day simple moving average of C$133.48 and a 200-day simple moving average of C$126.08. The stock has a market cap of C$239.59 billion, a price-to-earnings ratio of 11.63, a PEG ratio of 1.22 and a beta of 0.86.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last announced its quarterly earnings data on Thursday, February 26th. The company reported C$2.44 earnings per share (EPS) for the quarter. Toronto-Dominion Bank had a return on equity of 17.26% and a net margin of 19.11%.The firm had revenue of C$16.63 billion for the quarter. On average, equities research analysts expect that The Toronto-Dominion Bank will post 7.2160149 EPS for the current fiscal year.

Toronto-Dominion Bank Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 30th will be paid a dividend of $1.08 per share. The ex-dividend date is Thursday, April 9th. This represents a $4.32 annualized dividend and a yield of 3.0%. Toronto-Dominion Bank’s dividend payout ratio is presently 34.25%.

Toronto-Dominion Bank Company Profile

Toronto-Dominion is one of Canada’s two largest banks and operates three business segments: Canadian retail banking, U.S. retail banking, and wholesale banking. The bank’s U.S. operations span from Maine to Florida, with a strong presence in the Northeast. It also has a 13% ownership stake in Charles Schwab.