The Toronto-Dominion Bank (TSE:TD) Given Average Rating of “Hold” by Analysts

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) has been assigned an average rating of “Hold” from the thirteen ratings firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is C$86.83.

TD has been the subject of several recent analyst reports. Canaccord Genuity Group upped their price objective on shares of Toronto-Dominion Bank from C$87.00 to C$89.00 in a research note on Monday, December 16th. Desjardins downgraded Toronto-Dominion Bank from a “moderate buy” rating to a “hold” rating in a report on Thursday, December 5th. National Bankshares dropped their price objective on Toronto-Dominion Bank from C$85.00 to C$80.00 in a report on Friday, December 6th. BMO Capital Markets raised Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating and set a C$90.00 target price on the stock in a research note on Thursday, December 19th. Finally, Cormark dropped their price target on Toronto-Dominion Bank from C$99.00 to C$94.00 in a research note on Friday, December 6th.

Toronto-Dominion Bank Stock Down 0.1 %

Shares of TSE TD opened at C$82.15 on Monday. The firm’s fifty day moving average is C$77.86 and its 200 day moving average is C$79.65. Toronto-Dominion Bank has a 52 week low of C$73.22 and a 52 week high of C$87.99. The company has a market cap of C$143.76 billion, a price-to-earnings ratio of 19.02, a PEG ratio of 1.22 and a beta of 0.82.

Toronto-Dominion Bank Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 31st will be issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 5.11%. The ex-dividend date of this dividend is Friday, January 10th. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $1.02. Toronto-Dominion Bank’s dividend payout ratio is 94.44%.

About Toronto-Dominion Bank

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.