The Toronto-Dominion Bank (TSE:TD) Receives C$151.42 Consensus Price Target from Analysts

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) has been given an average rating of “Moderate Buy” by the ten research firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$151.42.

TD has been the topic of several recent analyst reports. Jefferies Financial Group lifted their price target on Toronto-Dominion Bank from C$134.00 to C$142.00 in a research note on Wednesday, May 20th. Raymond James Financial upped their price objective on Toronto-Dominion Bank from C$152.50 to C$155.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. National Bank Financial raised their price objective on Toronto-Dominion Bank from C$157.00 to C$162.00 and gave the company an “outperform” rating in a research note on Friday, May 29th. Barclays raised their price objective on Toronto-Dominion Bank from C$135.00 to C$140.00 and gave the company an “underweight” rating in a research note on Friday, May 29th. Finally, Canaccord Genuity Group lifted their target price on Toronto-Dominion Bank from C$169.00 to C$185.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th.

Toronto-Dominion Bank Stock Performance

Shares of TD opened at C$169.97 on Friday. Toronto-Dominion Bank has a 52 week low of C$99.51 and a 52 week high of C$175.33. The firm has a market cap of C$280.80 billion, a P/E ratio of 19.95, a price-to-earnings-growth ratio of 1.22 and a beta of 0.89. The firm’s 50-day simple moving average is C$165.41 and its 200 day simple moving average is C$145.59.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last issued its quarterly earnings data on Thursday, May 28th. The company reported C$2.38 EPS for the quarter. Toronto-Dominion Bank had a return on equity of 11.85% and a net margin of 13.21%.The firm had revenue of C$16.04 billion for the quarter. As a group, equities analysts forecast that Toronto-Dominion Bank will post 7.2160149 earnings per share for the current year.

Toronto-Dominion Bank Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 31st will be paid a $1.12 dividend. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $1.08. This represents a $4.48 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, July 10th. Toronto-Dominion Bank’s payout ratio is presently 50.00%.

Insider Activity at Toronto-Dominion Bank

In other Toronto-Dominion Bank news, insider Paul Martyn Clark sold 27,649 shares of the company’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of C$161.22, for a total transaction of C$4,457,571.78. Following the sale, the insider owned 260 shares of the company’s stock, valued at approximately C$41,917.20. This represents a 99.07% decrease in their ownership of the stock. Also, insider Kelvin Vi Luan Tran sold 8,498 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of C$156.61, for a total value of C$1,330,871.78. Following the transaction, the insider owned 26,677 shares in the company, valued at C$4,177,884.97. The trade was a 24.16% decrease in their ownership of the stock. Corporate insiders own 0.08% of the company’s stock.

Toronto-Dominion Bank Company Profile

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.