Toronto-Dominion Bank (TSE:TD) Upgraded at BMO Capital Markets

BMO Capital Markets upgraded shares of Toronto-Dominion Bank (TSE:TD) (NYSE:TD) from a market perform rating to an outperform rating in a report published on Thursday, MarketBeat.com reports. The brokerage currently has C$90.00 price target on the stock.

Other research analysts also recently issued reports about the company. Royal Bank of Canada downgraded Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from C$88.00 to C$82.00 in a research report on Friday, October 11th. Jefferies Financial Group upgraded Toronto-Dominion Bank from a “hold” rating to a “buy” rating and upped their price objective for the company from C$82.00 to C$90.00 in a research note on Thursday, December 12th. Canaccord Genuity Group boosted their price objective on shares of Toronto-Dominion Bank from C$87.00 to C$89.00 in a research report on Monday, December 16th. National Bankshares reduced their target price on Toronto-Dominion Bank from C$85.00 to C$80.00 in a report on Friday, December 6th. Finally, Cormark cut their price target on shares of Toronto-Dominion Bank from C$99.00 to C$94.00 in a research report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of C$86.50.

Toronto-Dominion Bank Trading Up 1.1 %

Shares of TD stock opened at C$75.03 on Thursday. Toronto-Dominion Bank has a 12-month low of C$73.22 and a 12-month high of C$87.99. The business’s fifty day simple moving average is C$78.11 and its 200-day simple moving average is C$79.13. The company has a market cap of C$131.30 billion, a PE ratio of 17.37, a PEG ratio of 1.22 and a beta of 0.82.

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. This represents a $4.08 annualized dividend and a yield of 5.44%. The ex-dividend date was Thursday, October 10th. Toronto-Dominion Bank’s payout ratio is 94.44%.

Toronto-Dominion Bank Company Profile

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.