Toronto-Dominion Bank (NYSE:TD) Receives $55.06 Average PT from Analysts
Shares of Toronto-Dominion Bank (NYSE:TD) have been assigned a consensus rating of “Buy” from the fourteen ratings firms that are presently covering the stock, Analyst Ratings Net reports. Two analysts have rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $55.06.
A number of equities analysts recently commented on the company. Scotiabank restated a “sector perform” rating and issued a $56.00 price objective on shares of Toronto-Dominion Bank in a report on Friday, October 16th. Zacks Investment Research upgraded Toronto-Dominion Bank from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a report on Wednesday, October 28th. Vetr upgraded Toronto-Dominion Bank from a “buy” rating to a “strong-buy” rating and set a $45.28 price objective on the stock in a report on Monday, November 16th. Canaccord Genuity restated a “hold” rating on shares of Toronto-Dominion Bank in a report on Thursday, December 3rd. Finally, Macquarie increased their price objective on Toronto-Dominion Bank from $44.00 to $45.00 and gave the stock an “outperform” rating in a report on Friday, December 4th.
Several large investors have bought and sold shares of the stock. Watch Point Trust Company acquired a new stake in Toronto-Dominion Bank during the fourth quarter valued at $431,000. Newman Dignan & Sheerar boosted its stake in Toronto-Dominion Bank by 4.7% in the fourth quarter. Newman Dignan & Sheerar now owns 11,250 shares of the company’s stock valued at $441,000 after buying an additional 500 shares in the last quarter. Leavell Investment Management Inc. boosted its stake in Toronto-Dominion Bank by 1.3% in the fourth quarter. Leavell Investment Management Inc. now owns 11,310 shares of the company’s stock valued at $443,000 after buying an additional 150 shares in the last quarter. New England Research & Management boosted its stake in Toronto-Dominion Bank by 6.6% in the fourth quarter. New England Research & Management now owns 18,700 shares of the company’s stock valued at $732,000 after buying an additional 1,150 shares in the last quarter. Finally, Hokanson Associates boosted its stake in Toronto-Dominion Bank by 1.0% in the fourth quarter. Hokanson Associates now owns 23,890 shares of the company’s stock valued at $936,000 after buying an additional 230 shares in the last quarter.
Toronto-Dominion Bank (NYSE:TD) opened at 36.12 on Friday. Toronto-Dominion Bank has a 12 month low of $33.49 and a 12 month high of $46.78. The firm’s 50-day moving average is $37.75 and its 200-day moving average is $39.59. The firm has a market capitalization of $67.01 billion and a PE ratio of 12.25.
Toronto-Dominion Bank (NYSE:TD) last posted its quarterly earnings data on Thursday, December 3rd. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.01. The firm had revenue of $8.05 billion for the quarter. The company’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.98 earnings per share. On average, equities research analysts expect that Toronto-Dominion Bank will post $4.85 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 29th. Stockholders of record on Friday, January 8th will be given a $0.3817 dividend. The ex-dividend date of this dividend is Wednesday, January 6th. This represents a $1.53 annualized dividend and a dividend yield of 4.23%.
The Toronto-Dominion Bank (NYSE:TD) operates as a bank in North America. The Bank conducts its business through segments, such as Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. Canadian Retail provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses, including credit cards, auto finance, wealth and insurance businesses. U.S. Retail consists of the Bank’s retail and commercial banking operations operating under the brand TD Bank, America’s Most Convenient Bank, and wealth management services in the United States. Wholesale Banking provides a range of capital markets, investment banking, and corporate banking products and services, including underwriting and distribution of new debt and equity issues, providing advice on strategic acquisitions and divestitures, and meeting the daily trading, funding and investment needs of its clients. The Bank is also an online financial services firm.
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