The Toronto-Dominion Bank (TSE:TD) Receives Average Rating of “Moderate Buy” from Brokerages

Posted by on May 6th, 2023

Shares of The Toronto-Dominion Bank (TSE:TD – Get Rating) (NYSE:TD) have been assigned a consensus recommendation of “Moderate Buy” from the sixteen research firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is C$97.48.

TD has been the subject of several analyst reports. Fundamental Research set a C$104.14 price target on shares of Toronto-Dominion Bank and gave the stock a “buy” rating in a research report on Tuesday, March 14th. Barclays lowered their target price on shares of Toronto-Dominion Bank from C$102.00 to C$101.00 in a report on Friday, March 3rd. Cormark decreased their price objective on shares of Toronto-Dominion Bank from C$105.00 to C$98.00 in a report on Thursday, March 30th. CSFB reduced their target price on shares of Toronto-Dominion Bank from C$97.00 to C$94.00 in a research report on Friday, March 3rd. Finally, Scotiabank raised shares of Toronto-Dominion Bank from a “sector perform” rating to an “outperform” rating in a research report on Friday, March 3rd.

Toronto-Dominion Bank Price Performance

Shares of Toronto-Dominion Bank stock opened at C$83.30 on Friday. The company’s fifty day moving average price is C$82.24 and its two-hundred day moving average price is C$86.84. The firm has a market capitalization of C$152.44 billion, a PE ratio of 10.07, a price-to-earnings-growth ratio of 1.06 and a beta of 0.84. Toronto-Dominion Bank has a 52-week low of C$76.40 and a 52-week high of C$97.13.

Toronto-Dominion Bank (TSE:TD – Get Rating) (NYSE:TD) last announced its earnings results on Thursday, March 2nd. The company reported C$2.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$2.16 by C$0.07. The business had revenue of C$12.23 billion during the quarter, compared to analysts’ expectations of C$12.12 billion. Toronto-Dominion Bank had a net margin of 31.78% and a return on equity of 14.29%. Analysts predict that Toronto-Dominion Bank will post 8.9498364 earnings per share for the current fiscal year.

Toronto-Dominion Bank Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Sunday, April 30th. Shareholders of record on Thursday, April 6th were issued a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 4.61%. The ex-dividend date was Wednesday, April 5th. Toronto-Dominion Bank’s dividend payout ratio is presently 46.43%.

Insiders Place Their Bets

In other Toronto-Dominion Bank news, Senior Officer Riaz Ahmed sold 37,832 shares of the stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of C$89.01, for a total transaction of C$3,367,426.32. Company insiders own 0.10% of the company’s stock.

About Toronto-Dominion Bank

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The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking segments. The company offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; and financing options to customers at point of sale for automotive and recreational vehicle purchases.

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Analyst Recommendations for Toronto-Dominion Bank (TSE:TD)

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