Investment Analysts’ Recent Ratings Updates for Toronto-Dominion Bank (TD)

Several brokerages have updated their recommendations and price targets on shares of Toronto-Dominion Bank (TSE: TD) in the last few weeks:

• 12/19/2024 – Toronto-Dominion Bank was upgraded by analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating. They now have a C$90.00 price target on the stock.
• 12/16/2024 – Toronto-Dominion Bank had its price target raised by analysts at Canaccord Genuity Group Inc. from C$87.00 to C$89.00.
• 12/12/2024 – Toronto-Dominion Bank was upgraded by analysts at Jefferies Financial Group Inc. from a “hold” rating to a “buy” rating. They now have a C$90.00 price target on the stock, up previously from C$82.00.
• 12/6/2024 – Toronto-Dominion Bank was downgraded by analysts at Scotiabank from an “outperform” rating to a “sector perform” rating. They now have a C$81.00 price target on the stock, down previously from C$98.00.
• 12/6/2024 – Toronto-Dominion Bank had its price target lowered by analysts at Canaccord Genuity Group Inc. from C$89.00 to C$87.00.
• 12/6/2024 – Toronto-Dominion Bank had its price target lowered by analysts at CIBC from C$93.00 to C$90.00.
• 12/6/2024 – Toronto-Dominion Bank had its price target lowered by analysts at Cormark from C$99.00 to C$94.00.
• 12/6/2024 – Toronto-Dominion Bank had its price target lowered by analysts at National Bankshares, Inc. from C$85.00 to C$80.00.
• 12/5/2024 – Toronto-Dominion Bank was downgraded by analysts at Desjardins from a “moderate buy” rating to a “hold” rating.
• 11/26/2024 – Toronto-Dominion Bank had its price target lowered by analysts at CIBC from C$96.00 to C$93.00.
• 11/25/2024 – Toronto-Dominion Bank had its price target raised by analysts at Scotiabank from C$86.00 to C$98.00.
• 11/21/2024 – Toronto-Dominion Bank was downgraded by analysts at Barclays PLC from a “hold” rating to a “strong sell” rating.
• 11/19/2024 – Toronto-Dominion Bank had its price target lowered by analysts at Canaccord Genuity Group Inc. from C$91.50 to C$89.00.
• 11/18/2024 – Toronto-Dominion Bank had its price target raised by analysts at BMO Capital Markets from C$84.00 to C$94.00.

Toronto-Dominion Bank Trading Up 1.1 %

TSE:TD opened at C$75.03 on Monday. The Toronto-Dominion Bank has a 1-year low of C$73.22 and a 1-year high of C$87.99. The stock has a market cap of C$131.30 billion, a P/E ratio of 17.37, a PEG ratio of 1.22 and a beta of 0.82. The stock has a 50 day simple moving average of C$78.11 and a 200 day simple moving average of C$79.13.

Toronto-Dominion Bank Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 31st were issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 5.44%. The ex-dividend date of this dividend was Thursday, October 10th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 94.44%.

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.