Toronto Dominion Bank (The) (NYSE:TD) Stock Has Consensus Price Target of $148.00 According to Analysts

Toronto Dominion Bank (The) (NYSE:TD – Get Free Report) (TSE:TD) has been given a consensus rating of “Moderate Buy” by the nine brokerages that are currently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $148.00.

Several equities research analysts have weighed in on TD shares. Weiss Ratings upgraded shares of Toronto Dominion Bank from a “buy (b+)” rating to a “buy (a-)” rating in a report on Wednesday. Keefe, Bruyette & Woods began coverage on Toronto Dominion Bank in a research note on Friday, August 21st. They issued a “market perform” rating for the company. Finally, Wall Street Zen upgraded Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research report on Saturday, August 22nd.

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Institutional Trading of Toronto Dominion Bank

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cornerstone Financial Management LLC raised its position in shares of Toronto Dominion Bank by 77.2% in the second quarter. Cornerstone Financial Management LLC now owns 218 shares of the bank’s stock valued at $26,000 after purchasing an additional 95 shares during the period. Main Line Retirement Advisors LLC lifted its holdings in Toronto Dominion Bank by 0.8% during the 1st quarter. Main Line Retirement Advisors LLC now owns 12,254 shares of the bank’s stock worth $1,143,000 after purchasing an additional 102 shares during the last quarter. Chicago Partners Investment Group LLC lifted its holdings in Toronto Dominion Bank by 1.8% during the 1st quarter. Chicago Partners Investment Group LLC now owns 5,735 shares of the bank’s stock worth $535,000 after purchasing an additional 102 shares during the last quarter. Aspiriant LLC boosted its holdings in Toronto Dominion Bank by 2.4% in the 3rd quarter. Aspiriant LLC now owns 4,343 shares of the bank’s stock valued at $510,000 after purchasing an additional 103 shares during the period. Finally, Checchi Capital Advisers LLC grew its position in Toronto Dominion Bank by 1.5% during the first quarter. Checchi Capital Advisers LLC now owns 7,194 shares of the bank’s stock worth $671,000 after buying an additional 104 shares in the last quarter. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Toronto Dominion Bank Price Performance

Shares of Toronto Dominion Bank stock opened at $124.64 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market cap of $204.21 billion, a PE ratio of 18.52, a price-to-earnings-growth ratio of 1.24 and a beta of 0.75. The firm has a fifty day moving average price of $119.97 and a two-hundred day moving average price of $116.12. Toronto Dominion Bank has a fifty-two week low of $79.52 and a fifty-two week high of $125.64.

Toronto Dominion Bank (NYSE:TD – Get Free Report) (TSE:TD) last announced its quarterly earnings data on Thursday, August 27th. The bank reported $1.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.24. The company had revenue of $12.07 billion during the quarter, compared to analysts’ expectations of $10.70 billion. Toronto Dominion Bank had a net margin of 14.41% and a return on equity of 14.88%. The business’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.20 EPS. Analysts expect that Toronto Dominion Bank will post 7.04 EPS for the current year.

Toronto Dominion Bank Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, October 31st. Shareholders of record on Friday, October 9th will be paid a C$1.12 dividend. The ex-dividend date of this dividend is Friday, October 9th. This represents a $4.48 annualized dividend and a dividend yield of 3.6%. Toronto Dominion Bank’s dividend payout ratio (DPR) is currently 46.81%.

Toronto Dominion Bank Company Profile

(Get Free Report)

Toronto-Dominion Bank, operating as TD Bank Group, is a Canadian financial services company headquartered in Toronto, Ontario. The institution traces its history to the Bank of Toronto, founded in 1855, and the Dominion Bank, founded in 1869; the two banks merged in 1955 to form Toronto-Dominion Bank.

TD provides a broad range of banking and financial services through its Canadian and U.S. operations. Its offerings include personal and business deposit accounts, mortgages, consumer and commercial lending, credit cards, investment products, insurance, wealth management and financial advice.

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Analyst Recommendations for Toronto Dominion Bank (NYSE:TD)

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