The Toronto-Dominion Bank (TSE:TD) Stock Has Average Price Target of C$171.08

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) has been given a consensus rating of “Moderate Buy” by the eleven brokerages that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$171.08.

Several equities research analysts have issued reports on the company. Canaccord Genuity Group dropped their price target on Toronto-Dominion Bank from C$197.00 to C$196.00 in a research note on Thursday, September 3rd. Keefe, Bruyette & Woods increased their price objective on Toronto-Dominion Bank from C$180.00 to C$187.00 in a research report on Monday, August 31st. Jefferies Financial Group raised their price objective on Toronto-Dominion Bank from C$164.00 to C$165.00 in a report on Thursday, September 3rd. Barclays boosted their target price on Toronto-Dominion Bank from C$164.00 to C$167.00 and gave the stock an “underweight” rating in a research report on Friday, August 28th. Finally, Scotiabank upped their target price on Toronto-Dominion Bank from C$180.00 to C$187.00 and gave the stock a “sector outperform” rating in a research note on Friday, August 28th.

Insider Activity

In related news, insider Kelvin Vi Luan Tran sold 8,000 shares of the stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of C$172.92, for a total transaction of C$1,383,360.00. Following the transaction, the insider owned 23,877 shares of the company’s stock, valued at approximately C$4,128,810.84. This trade represents a 25.10% decrease in their position. Company insiders own 0.08% of the company’s stock.

Toronto-Dominion Bank Stock Performance

Toronto-Dominion Bank stock opened at C$164.19 on Wednesday. Toronto-Dominion Bank has a fifty-two week low of C$109.50 and a fifty-two week high of C$175.33. The stock has a market cap of C$268.13 billion, a P/E ratio of 17.58, a price-to-earnings-growth ratio of 1.22 and a beta of 0.84. The firm’s fifty day moving average price is C$167.94 and its 200-day moving average price is C$159.28.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last announced 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 net margin of 14.36% and a return on equity of 12.83%. On average, analysts predict that Toronto-Dominion Bank will post 7.22 earnings per share for the current year.

Toronto-Dominion Bank Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, October 31st. Stockholders of record on Saturday, October 31st will be paid a $1.12 dividend. The ex-dividend date of this dividend is Friday, October 9th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 2.7%. Toronto-Dominion Bank’s dividend payout ratio is 46.36%.

About Toronto-Dominion Bank

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.