The Toronto-Dominion Bank (TSE:TD) Receives Consensus Recommendation of “Hold” from Brokerages

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) has been assigned a consensus recommendation of “Hold” from the thirteen research firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is C$88.75.

A number of analysts have recently issued reports on the company. Canaccord Genuity Group lifted their price target on Toronto-Dominion Bank from C$87.00 to C$89.00 in a research report on Monday, December 16th. UBS Group boosted their target price on Toronto-Dominion Bank from C$83.00 to C$90.00 in a research report on Friday, February 14th. Cormark dropped their target price on Toronto-Dominion Bank from C$99.00 to C$94.00 in a research report on Friday, December 6th. BMO Capital Markets upgraded Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating and set a C$90.00 target price for the company in a research report on Thursday, December 19th. Finally, Scotiabank dropped their target price on Toronto-Dominion Bank from C$83.00 to C$82.00 and set a “sector perform” rating for the company in a research report on Thursday, February 20th.

Toronto-Dominion Bank Trading Up 1.6 %

Shares of TD opened at C$84.63 on Tuesday. The company has a market cap of C$148.47 billion, a PE ratio of 16.77, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82. The stock has a 50-day moving average price of C$83.11 and a 200-day moving average price of C$81.02. Toronto-Dominion Bank has a 12-month low of C$73.22 and a 12-month high of C$87.99.

Toronto-Dominion Bank Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 4.96%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 80.84%.

Insider Activity

In other news, Director Theresa Lynn Currie sold 45,172 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of C$86.50, for a total transaction of C$3,907,378.00. Following the transaction, the director now directly owns 163 shares of the company’s stock, valued at approximately C$14,099.50. The trade was a 99.64 % decrease in their ownership of the stock. Insiders own 0.08% of the company’s stock.

Toronto-Dominion Bank Company Profile

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.