Toronto-Dominion Bank (TSE:TD) Hits New 1-Year Low at $73.67

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) reached a new 52-week low during trading on Friday . The company traded as low as C$73.67 and last traded at C$73.78, with a volume of 7102960 shares. The stock had previously closed at C$73.93.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. National Bank Financial cut Toronto-Dominion Bank from a “hold” rating to a “strong sell” rating in a report on Thursday, May 23rd. CIBC raised Toronto-Dominion Bank from a “neutral” rating to an “outperform” rating and boosted their target price for the company from C$83.50 to C$88.00 in a research report on Friday, May 24th. Scotiabank cut their price objective on Toronto-Dominion Bank from C$90.00 to C$87.00 and set an “outperform” rating on the stock in a research report on Friday, May 24th. Royal Bank of Canada upped their price objective on Toronto-Dominion Bank from C$87.00 to C$89.00 and gave the company an “outperform” rating in a research report on Friday, May 24th. Finally, Canaccord Genuity Group upped their target price on Toronto-Dominion Bank from C$91.00 to C$93.50 and gave the stock a “buy” rating in a report on Friday, May 24th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$87.32.

Toronto-Dominion Bank Trading Up 0.0 %

The company has a 50-day moving average of C$77.10 and a 200-day moving average of C$80.13. The company has a market capitalization of C$130.17 billion, a price-to-earnings ratio of 12.58, a price-to-earnings-growth ratio of 1.08 and a beta of 0.82.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last announced its earnings results on Thursday, May 23rd. The company reported C$2.04 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.84 by C$0.20. Toronto-Dominion Bank had a return on equity of 9.89% and a net margin of 21.91%. The company had revenue of C$13.82 billion for the quarter, compared to analyst estimates of C$13.38 billion. On average, research analysts expect that The Toronto-Dominion Bank will post 7.8691589 EPS for the current year.

Toronto-Dominion Bank Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 10th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 5.52%. The ex-dividend date is Wednesday, July 10th. Toronto-Dominion Bank’s dividend payout ratio is currently 69.39%.

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.