Shares of The Toronto-Dominion Bank (TSE:TD – Get Free Report) (NYSE:TD) have received an average recommendation of “Moderate Buy” from the eleven research firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$171.08.
TD has been the topic of a number of recent analyst reports. Raymond James Financial lifted their price target on shares of Toronto-Dominion Bank from C$155.00 to C$180.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 12th. Canadian Imperial Bank of Commerce lifted their target price on Toronto-Dominion Bank from C$184.00 to C$188.00 and gave the stock a “neutral” rating in a report on Thursday, September 3rd. Keefe, Bruyette & Woods boosted their target price on Toronto-Dominion Bank from C$180.00 to C$187.00 in a research note on Monday, August 31st. National Bank Financial increased their price target on Toronto-Dominion Bank from C$190.00 to C$196.00 and gave the stock an “outperform” rating in a report on Sunday, August 30th. Finally, Royal Bank Of Canada raised their price target on Toronto-Dominion Bank from C$156.00 to C$173.00 and gave the stock an “outperform” rating in a research report on Friday, August 28th.
View Our Latest Analysis on TD
Toronto-Dominion Bank Trading Up 0.3%
Toronto-Dominion Bank (TSE:TD – Get Free Report) (NYSE:TD) last posted its earnings results on Thursday, August 27th. The company reported C$2.77 earnings per share (EPS) for the quarter. The company had revenue of C$16.93 billion during the quarter. Toronto-Dominion Bank had a return on equity of 12.83% and a net margin of 14.36%. Sell-side analysts predict that Toronto-Dominion Bank will post 7.2160149 earnings per share for the current year.
Toronto-Dominion Bank Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Friday, July 31st were paid a $1.12 dividend. The ex-dividend date of this dividend was Friday, July 10th. This represents a $4.48 annualized dividend and a dividend yield of 2.7%. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $1.08. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 46.36%.
Toronto-Dominion Bank Company Profile
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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