Toronto-Dominion Bank (NYSE:TD) (TSE:TD) has been assigned an average rating of “Buy” from the ten brokerages that are presently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $74.67.
A number of analysts have commented on the stock. BMO Capital Markets reaffirmed a “buy” rating on shares of Toronto-Dominion Bank in a report on Friday, May 24th. National Bank Financial lowered shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a report on Thursday, May 23rd. Bank of America lowered shares of Toronto-Dominion Bank from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $82.00 to $77.00 in a report on Thursday. Canaccord Genuity reaffirmed a “buy” rating on shares of Toronto-Dominion Bank in a report on Thursday, May 23rd. Finally, Barclays raised shares of Toronto-Dominion Bank from an “equal weight” rating to an “overweight” rating and set a $84.00 target price for the company in a report on Tuesday, June 11th.
TD traded down $0.80 during trading on Friday, reaching $53.80. 84,912 shares of the company’s stock were exchanged, compared to its average volume of 1,037,699. The firm has a fifty day moving average of $58.07. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.95 and a quick ratio of 0.95. Toronto-Dominion Bank has a fifty-two week low of $47.73 and a fifty-two week high of $62.00. The firm has a market cap of $99.21 billion, a price-to-earnings ratio of 10.69, a PEG ratio of 1.77 and a beta of 1.04.
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 10th were issued a $0.5511 dividend. This represents a $2.20 annualized dividend and a dividend yield of 4.10%. The ex-dividend date of this dividend was Tuesday, July 9th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 44.93%.
Several hedge funds have recently made changes to their positions in TD. Citizens Financial Group Inc RI acquired a new position in shares of Toronto-Dominion Bank during the 1st quarter worth about $28,000. Financial Gravity Wealth Inc. bought a new stake in Toronto-Dominion Bank during the first quarter worth about $29,000. Farmers National Bank bought a new stake in Toronto-Dominion Bank during the first quarter worth about $33,000. Manchester Capital Management LLC bought a new stake in Toronto-Dominion Bank during the first quarter worth about $37,000. Finally, Sandy Spring Bank boosted its position in Toronto-Dominion Bank by 640.7% during the second quarter. Sandy Spring Bank now owns 800 shares of the bank’s stock valued at $47,000 after purchasing an additional 692 shares during the last quarter. 48.12% of the stock is owned by institutional investors.
Toronto-Dominion Bank Company Profile
The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. The company operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. It offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; financing options to customers at point of sale for automotive and recreational vehicle purchases through auto dealer network; credit cards; investing, advice-based, and asset management services to retail and institutional clients; and property and casualty insurance, as well as life and health insurance products.
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