Toronto Dominion Bank (NYSE:TD) (TSE:TD) had its price target hoisted by Bank of America from $71.00 to $87.00 in a research note issued to investors on Tuesday, January 30th, Marketbeat reports. The brokerage currently has a buy rating on the bank’s stock.
TD has been the subject of several other research reports. Zacks Investment Research cut Toronto Dominion Bank from a hold rating to a sell rating in a research note on Saturday, December 2nd. Scotiabank reissued a buy rating and issued a $83.00 price target on shares of Toronto Dominion Bank in a research note on Wednesday, November 22nd. Canaccord Genuity reaffirmed a buy rating and set a $80.00 target price on shares of Toronto Dominion Bank in a research note on Thursday, November 30th. Finally, Macquarie assumed coverage on Toronto Dominion Bank in a research note on Tuesday, October 24th. They set an outperform rating for the company. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has an average rating of Buy and a consensus target price of $77.60.
Shares of Toronto Dominion Bank (TD) opened at $56.73 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.18. Toronto Dominion Bank has a 1 year low of $45.18 and a 1 year high of $61.06. The firm has a market capitalization of $104,283.80, a price-to-earnings ratio of 13.48, a P/E/G ratio of 1.25 and a beta of 0.92.
Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings data on Thursday, November 30th. The bank reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.11 by ($0.02). The business had revenue of $7.42 billion for the quarter, compared to the consensus estimate of $7.13 billion. Toronto Dominion Bank had a return on equity of 15.17% and a net margin of 23.09%. analysts predict that Toronto Dominion Bank will post 4.69 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 10th were paid a $0.466 dividend. The ex-dividend date of this dividend was Tuesday, January 9th. This represents a $1.86 dividend on an annualized basis and a yield of 3.29%. Toronto Dominion Bank’s dividend payout ratio (DPR) is presently 46.32%.
Institutional investors have recently made changes to their positions in the business. Icon Wealth Partners LLC acquired a new stake in Toronto Dominion Bank in the fourth quarter valued at approximately $102,000. Advisory Services Network LLC lifted its holdings in shares of Toronto Dominion Bank by 26.1% in the second quarter. Advisory Services Network LLC now owns 2,353 shares of the bank’s stock valued at $119,000 after purchasing an additional 487 shares in the last quarter. Teachers Advisors LLC lifted its holdings in shares of Toronto Dominion Bank by 3.7% in the second quarter. Teachers Advisors LLC now owns 2,556 shares of the bank’s stock valued at $129,000 after purchasing an additional 92 shares in the last quarter. Calton & Associates Inc. bought a new position in shares of Toronto Dominion Bank in the fourth quarter valued at approximately $141,000. Finally, Financial Gravity Companies Inc. bought a new position in shares of Toronto Dominion Bank in the fourth quarter valued at approximately $176,000. 48.93% of the stock is owned by hedge funds and other institutional investors.
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About Toronto Dominion Bank
Toronto-Dominion Bank (the Bank) is a Canada-based bank, which operates in the North America. It is an online financial services firm, with over 10.2 million online and mobile customers. Its segments include Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. The Canadian Retail segment provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses.
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