The Toronto-Dominion Bank (NYSE:TD) Receives $80.50 Consensus Target Price from Analysts

The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) has been assigned an average rating of “Hold” from the ten brokerages that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $80.50.

Several research analysts have commented on TD shares. BMO Capital Markets raised shares of Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 19th. Barclays downgraded Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research report on Thursday, November 21st. Bank of America upgraded Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a research report on Friday, January 17th. StockNews.com downgraded Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Friday, December 27th. Finally, Desjardins downgraded Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Friday, December 6th.

Toronto-Dominion Bank Stock Down 0.8 %

NYSE TD opened at $56.64 on Thursday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.11. The company has a fifty day moving average of $54.70 and a two-hundred day moving average of $57.39. The firm has a market capitalization of $99.15 billion, a price-to-earnings ratio of 16.32, a PEG ratio of 1.82 and a beta of 0.84. Toronto-Dominion Bank has a 52 week low of $51.25 and a 52 week high of $64.91.

Toronto-Dominion Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 10th were issued a $0.7482 dividend. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. This represents a $2.99 annualized dividend and a dividend yield of 5.28%. The ex-dividend date was Friday, January 10th. Toronto-Dominion Bank’s payout ratio is presently 84.15%.

Institutional Trading of Toronto-Dominion Bank

Institutional investors and hedge funds have recently made changes to their positions in the company. Dunhill Financial LLC raised its holdings in shares of Toronto-Dominion Bank by 164.9% in the third quarter. Dunhill Financial LLC now owns 400 shares of the bank’s stock valued at $25,000 after acquiring an additional 249 shares in the last quarter. Bank of Jackson Hole Trust bought a new stake in shares of Toronto-Dominion Bank in the fourth quarter valued at about $32,000. Versant Capital Management Inc raised its holdings in shares of Toronto-Dominion Bank by 40.0% in the fourth quarter. Versant Capital Management Inc now owns 700 shares of the bank’s stock valued at $37,000 after acquiring an additional 200 shares in the last quarter. Morse Asset Management Inc bought a new position in Toronto-Dominion Bank in the third quarter worth about $63,000. Finally, Eastern Bank bought a new position in Toronto-Dominion Bank in the third quarter worth about $66,000. 52.37% of the stock is currently owned by institutional investors.

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.