Brokerages Set The Toronto-Dominion Bank (NYSE:TD) Price Target at $80.50

by · The Markets Daily

Shares of The Toronto-Dominion Bank (NYSE:TD – Get Free Report) (TSE:TD) have received a consensus rating of “Hold” from the nine research firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $80.50.

Several equities research analysts recently commented on TD shares. Barclays cut Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a report on Thursday, November 21st. Scotiabank lowered Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a report on Friday, December 6th. Desjardins lowered shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Friday, December 6th. 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. Finally, Jefferies Financial Group raised shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a research note on Thursday, December 12th.

View Our Latest Report on TD

Institutional Trading of Toronto-Dominion Bank

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TD. Bank of New Hampshire grew its stake in shares of Toronto-Dominion Bank by 499.2% in the fourth quarter. Bank of New Hampshire now owns 2,996 shares of the bank’s stock valued at $160,000 after buying an additional 2,496 shares in the last quarter. Central Pacific Bank Trust Division acquired a new position in Toronto-Dominion Bank in the 4th quarter valued at about $190,000. Versant Capital Management Inc lifted its position in shares of Toronto-Dominion Bank by 40.0% during the fourth quarter. Versant Capital Management Inc now owns 700 shares of the bank’s stock worth $37,000 after purchasing an additional 200 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Toronto-Dominion Bank in the third quarter valued at approximately $247,000. Finally, World Investment Advisors LLC purchased a new position in shares of Toronto-Dominion Bank in the third quarter valued at approximately $265,000. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Stock Down 0.8 %

Shares of NYSE TD opened at $54.21 on Friday. The stock has a market cap of $94.88 billion, a PE ratio of 15.62, a P/E/G ratio of 1.69 and a beta of 0.83. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.11. Toronto-Dominion Bank has a 12-month low of $51.25 and a 12-month high of $64.91. The company has a 50-day moving average of $54.57 and a 200 day moving average of $57.30.

Toronto-Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 10th will be given a dividend of $0.7482 per share. The ex-dividend date is Friday, January 10th. This represents a $2.99 dividend on an annualized basis and a dividend yield of 5.52%. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 89.34%.

Toronto-Dominion Bank Company Profile

(Get Free Report

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.

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