Toronto-Dominion Bank (NYSE:TD) (TSE:TD) has been assigned a consensus recommendation of “Buy” from the nine research firms that are currently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $84.00.
Several equities analysts have issued reports on the company. Canaccord Genuity reiterated a “buy” rating on shares of Toronto-Dominion Bank in a research report on Thursday, May 23rd. Zacks Investment Research upgraded Vistra Energy from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research report on Saturday, July 13th. National Bank Financial cut Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a research report on Thursday, May 23rd. Barclays reiterated a “hold” rating on shares of Bank of Montreal in a research report on Tuesday, June 11th. Finally, BMO Capital Markets reiterated a “buy” rating on shares of Toronto-Dominion Bank in a research report on Friday, May 24th.
Large investors have recently made changes to their positions in the company. Citizens Financial Group Inc RI purchased a new stake in shares of Toronto-Dominion Bank during the 1st quarter worth approximately $28,000. Financial Gravity Wealth Inc. purchased a new stake in Toronto-Dominion Bank in the 1st quarter valued at approximately $29,000. Farmers National Bank purchased a new stake in Toronto-Dominion Bank in the 1st quarter valued at approximately $33,000. Manchester Capital Management LLC purchased a new stake in Toronto-Dominion Bank in the 1st quarter valued at approximately $37,000. Finally, Cullen Frost Bankers Inc. purchased a new stake in Toronto-Dominion Bank in the 1st quarter valued at approximately $46,000. 48.13% of the stock is currently owned by institutional investors and hedge funds.
NYSE TD traded down $0.30 on Tuesday, hitting $58.79. 861,506 shares of the company’s stock were exchanged, compared to its average volume of 1,024,139. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.11. The firm has a 50-day moving average price of $57.66. Toronto-Dominion Bank has a fifty-two week low of $47.73 and a fifty-two week high of $62.00. The stock has a market cap of $107.55 billion, a price-to-earnings ratio of 11.69, a price-to-earnings-growth ratio of 1.87 and a beta of 1.03.
Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last released its earnings results on Thursday, May 23rd. The bank reported $1.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.50. Toronto-Dominion Bank had a return on equity of 16.21% and a net margin of 20.24%. The company had revenue of $10.23 billion for the quarter, compared to analysts’ expectations of $9.46 billion. During the same quarter in the previous year, the firm posted $1.62 EPS. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. As a group, equities analysts expect that Toronto-Dominion Bank will post 5.06 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 10th will be paid a dividend of $0.5511 per share. This represents a $2.20 annualized dividend and a dividend yield of 3.75%. The ex-dividend date of this dividend is Tuesday, July 9th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 44.93%.
Toronto-Dominion Bank Company Profile
The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. The company operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. It offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; financing options to customers at point of sale for automotive and recreational vehicle purchases through auto dealer network; credit cards; investing, advice-based, and asset management services to retail and institutional clients; and property and casualty insurance, as well as life and health insurance products.
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