Shares of The Toronto-Dominion Bank (TSE:TD – Get Free Report) (NYSE:TD) have been assigned an average recommendation of “Moderate Buy” from the ten research firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$142.13.
TD has been the topic of several research analyst reports. Barclays boosted their target price on Toronto-Dominion Bank from C$133.00 to C$135.00 in a research note on Friday, February 27th. Raymond James Financial raised Toronto-Dominion Bank from a “hold” rating to a “moderate buy” rating and boosted their target price for the company from C$141.00 to C$152.50 in a research note on Tuesday. Scotiabank raised Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the company from C$142.00 to C$150.00 in a research note on Monday, May 4th. Canaccord Genuity Group boosted their target price on Toronto-Dominion Bank from C$147.00 to C$149.00 and gave the company a “buy” rating in a research note on Monday, March 9th. Finally, Jefferies Financial Group dropped their price target on Toronto-Dominion Bank from C$130.00 to C$128.00 in a research report on Wednesday, February 11th.
View Our Latest Stock Analysis on TD
Toronto-Dominion Bank Stock Performance
Toronto-Dominion Bank (TSE:TD – Get Free Report) (NYSE:TD) last posted its earnings results on Thursday, February 26th. The company reported C$2.44 earnings per share (EPS) for the quarter. Toronto-Dominion Bank had a return on equity of 17.26% and a net margin of 19.11%.The firm had revenue of C$16.63 billion for the quarter. 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 declared a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Thursday, April 30th were given a dividend of $1.08 per share. The ex-dividend date was Thursday, April 9th. This represents a $4.32 annualized dividend and a dividend yield of 2.9%. Toronto-Dominion Bank’s payout ratio is currently 34.25%.
About Toronto-Dominion Bank
TD Asset Management Inc (‘TDAM’), a member of TD Bank Group, is a Canadian investment management firm with a growing global presence. Bringing together three decades of investment experience, our broad selection of strategies and solutions includes fundamental equities, quantitative and passive equities, fixed income across the credit quality spectrum and alternatives, such as private credit, infrastructure and real estate. TDAM offers institutional investment solutions to corporations, pension funds, endowments and foundations, sovereign wealth funds and superannuation funds, among others.
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