Barclays Downgrades Toronto-Dominion Bank (TSE:TD) to Strong Sell

Barclays downgraded shares of Toronto-Dominion Bank (TSE:TD) (NYSE:TD) from a hold rating to a strong sell rating in a research note released on Thursday morning,Zacks.com reports.

Several other equities analysts also recently issued reports on TD. Cormark reduced their price target on shares of Toronto-Dominion Bank from C$93.00 to C$91.00 in a report on Friday, October 11th. National Bankshares raised shares of Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating and boosted their price target for the company from C$74.00 to C$78.00 in a report on Friday, August 23rd. Scotiabank reduced their price target on shares of Toronto-Dominion Bank from C$87.00 to C$86.00 in a report on Monday, August 19th. National Bank Financial raised shares of Toronto-Dominion Bank from a “strong sell” rating to a “hold” rating in a report on Thursday, August 22nd. Finally, BMO Capital Markets upped their price objective on shares of Toronto-Dominion Bank from C$84.00 to C$94.00 in a report on Monday, November 18th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of C$86.67.

Toronto-Dominion Bank Trading Up 0.5 %

Shares of TSE:TD opened at C$78.51 on Thursday. The company has a fifty day simple moving average of C$81.33 and a 200 day simple moving average of C$79.11. The firm has a market cap of C$137.39 billion, a PE ratio of 18.17, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82. Toronto-Dominion Bank has a 12-month low of C$73.67 and a 12-month high of C$87.99.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last released its quarterly earnings data 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). The business had revenue of C$14.18 billion during the quarter, compared to analyst estimates of C$14.12 billion. Toronto-Dominion Bank had a return on equity of 7.33% and a net margin of 15.72%. As a group, equities research analysts forecast that Toronto-Dominion Bank will post 7.2160149 EPS for the current fiscal year.

Toronto-Dominion Bank Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 31st were issued a $1.02 dividend. The ex-dividend date was Thursday, October 10th. This represents a $4.08 dividend on an annualized basis and a yield of 5.20%. Toronto-Dominion Bank’s dividend payout ratio is currently 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.