Shares of Toronto-Dominion Bank (TSE:TD) (NYSE:TD) have earned an average recommendation of “Buy” from the twelve research firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$85.25.
Separately, National Bank Financial cut their price target on Toronto-Dominion Bank from C$85.00 to C$83.00 and set an “outperform” rating on the stock in a research note on Friday, March 1st.
Shares of TD traded up C$0.12 during trading hours on Monday, hitting C$75.75. 1,993,300 shares of the stock traded hands, compared to its average volume of 3,893,058. Toronto-Dominion Bank has a 1-year low of C$65.56 and a 1-year high of C$80.05. The firm has a market capitalization of $138.84 billion and a PE ratio of 12.54.
Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last issued its quarterly earnings results on Thursday, February 28th. The company reported C$1.57 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.73 by C($0.16). The firm had revenue of C$10 billion during the quarter, compared to analyst estimates of C$9.67 billion. As a group, equities analysts predict that Toronto-Dominion Bank will post 7.38999945883557 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Wednesday, April 10th will be issued a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date of this dividend is Tuesday, April 9th. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.67. Toronto-Dominion Bank’s dividend payout ratio is currently 44.36%.
Toronto-Dominion Bank Company Profile
The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. The company operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. It offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; financing options to customers at point of sale for automotive and recreational vehicle purchases through auto dealer network; credit cards; investing, advice-based, and asset management services to retail and institutional clients; and property and casualty insurance, as well as life and health insurance products.
Further Reading: Price to Earnings Ratio (PE), For Valuing Stocks
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