The Toronto-Dominion Bank (NYSE:TD) Given Average Rating of “Hold” by Brokerages

The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) has been given a consensus rating of “Hold” by the eleven ratings firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $88.00.

A number of research firms recently commented on TD. UBS Group began coverage on Toronto-Dominion Bank in a research report on Tuesday, July 2nd. They set a “neutral” rating for the company. Cibc World Mkts upgraded Toronto-Dominion Bank from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 24th. National Bank Financial cut Toronto-Dominion Bank from a “sector perform” rating to an “underperform” rating in a research report on Thursday, May 23rd. Scotiabank upgraded Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research report on Wednesday, April 17th. Finally, StockNews.com upgraded Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a research report on Wednesday.

Toronto-Dominion Bank Stock Up 0.2 %

Toronto-Dominion Bank stock opened at $57.91 on Thursday. The firm has a market cap of $101.19 billion, a price-to-earnings ratio of 13.16, a PEG ratio of 1.57 and a beta of 0.82. The stock has a fifty day simple moving average of $56.24 and a two-hundred day simple moving average of $57.74. Toronto-Dominion Bank has a 12 month low of $53.52 and a 12 month high of $65.12. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.11.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last posted its quarterly earnings data on Thursday, May 23rd. The bank reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.15. The company had revenue of $10.18 billion during the quarter, compared to analysts’ expectations of $9.90 billion. Toronto-Dominion Bank had a return on equity of 14.38% and a net margin of 9.96%. Equities analysts predict that Toronto-Dominion Bank will post 5.86 EPS for the current fiscal year.

Toronto-Dominion Bank Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Wednesday, July 10th were paid a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a yield of 5.11%. The ex-dividend date of this dividend was Wednesday, July 10th. Toronto-Dominion Bank’s payout ratio is presently 67.73%.

Hedge Funds Weigh In On Toronto-Dominion Bank

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TD. Mather Group LLC. bought a new position in Toronto-Dominion Bank during the first quarter valued at approximately $29,000. LifeSteps Financial Inc. bought a new stake in shares of Toronto-Dominion Bank in the 1st quarter valued at approximately $30,000. Triad Wealth Partners LLC bought a new stake in shares of Toronto-Dominion Bank in the 2nd quarter valued at approximately $31,000. Bank of New Hampshire bought a new stake in shares of Toronto-Dominion Bank in the 4th quarter valued at approximately $32,000. Finally, Avior Wealth Management LLC lifted its stake in shares of Toronto-Dominion Bank by 92.9% in the 4th quarter. Avior Wealth Management LLC now owns 594 shares of the bank’s stock valued at $38,000 after purchasing an additional 286 shares during the last quarter. 52.37% of the stock is owned by institutional investors.

About Toronto-Dominion Bank

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.