Shares of The Toronto-Dominion Bank (TSE:TD – Get Free Report) (NYSE:TD) have received an average rating of “Moderate Buy” from the thirteen ratings firms that are covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$86.65.
A number of equities research analysts have commented on TD shares. Barclays reduced their price target on Toronto-Dominion Bank from C$90.00 to C$80.00 in a research report on Friday, October 11th. Scotiabank reduced their target price on Toronto-Dominion Bank from C$87.00 to C$86.00 in a report on Monday, August 19th. Cormark lowered their price target on shares of Toronto-Dominion Bank from C$93.00 to C$91.00 in a report on Friday, October 11th. Desjardins reduced their price objective on shares of Toronto-Dominion Bank from C$91.00 to C$90.00 and set a “buy” rating on the stock in a research note on Friday, August 23rd. Finally, National Bank Financial upgraded shares of Toronto-Dominion Bank from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 22nd.
Get Our Latest Stock Report on TD
Toronto-Dominion Bank Price Performance
Toronto-Dominion Bank (TSE:TD – Get Free Report) (NYSE:TD) last issued its quarterly earnings results on Thursday, August 22nd. The company reported C$2.05 EPS for the quarter, missing analysts’ consensus estimates of C$2.07 by C($0.02). Toronto-Dominion Bank had a return on equity of 7.33% and a net margin of 15.72%. The business had revenue of C$14.18 billion for the quarter, compared to analyst estimates of C$14.12 billion. Equities research analysts expect that Toronto-Dominion Bank will post 7.2160149 EPS for the current year.
Toronto-Dominion Bank Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 31st were issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 5.29%. The ex-dividend date of this dividend was Thursday, October 10th. Toronto-Dominion Bank’s payout ratio is 94.44%.
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.
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