The Toronto-Dominion Bank (TSE:TD) Receives Average Rating of “Hold” from Brokerages

Shares of The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) have been assigned a consensus rating of “Hold” from the thirteen analysts that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$86.83.

Several research analysts have issued reports on the stock. Desjardins cut shares of Toronto-Dominion Bank from a “moderate buy” rating to a “hold” rating in a report on Thursday, December 5th. Scotiabank downgraded shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from C$98.00 to C$81.00 in a research note on Friday, December 6th. Cormark reduced their price objective on shares of Toronto-Dominion Bank from C$99.00 to C$94.00 in a research note on Friday, December 6th. National Bankshares dropped their target price on Toronto-Dominion Bank from C$85.00 to C$80.00 in a research report on Friday, December 6th. Finally, Jefferies Financial Group raised Toronto-Dominion Bank from a “hold” rating to a “buy” rating and boosted their price target for the stock from C$82.00 to C$90.00 in a research report on Thursday, December 12th.

Toronto-Dominion Bank Trading Down 0.1 %

Shares of TD stock opened at C$82.15 on Monday. Toronto-Dominion Bank has a twelve month low of C$73.22 and a twelve month high of C$87.99. The stock has a fifty day simple moving average of C$77.93 and a two-hundred day simple moving average of C$79.72. The stock has a market capitalization of C$143.76 billion, a price-to-earnings ratio of 19.02, a P/E/G ratio of 1.22 and a beta of 0.82.

Toronto-Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 31st will be given a $1.05 dividend. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $1.02. This represents a $4.20 annualized dividend and a dividend yield of 5.11%. The ex-dividend date of this dividend is Friday, January 10th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 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.