Toronto-Dominion Bank (TSE:TD) Stock Price Crosses Above 200-Day Moving Average of $75.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $75.00 and traded as high as $74.11. Toronto-Dominion Bank shares last traded at $73.76, with a volume of 3,349,600 shares trading hands.

Several research firms have recently weighed in on TD. Royal Bank of Canada lowered their price target on Toronto-Dominion Bank from C$82.00 to C$80.00 and set a “sector perform” rating on the stock in a report on Monday, October 7th. National Bank Financial lowered their price target on Toronto-Dominion Bank from C$84.00 to C$79.00 and set an “outperform” rating on the stock in a report on Wednesday, October 2nd. Citigroup lowered their price target on Toronto-Dominion Bank from C$90.00 to C$82.00 in a report on Tuesday, September 10th. BMO Capital Markets cut Toronto-Dominion Bank from an “outperform” rating to a “market perform” rating and lowered their price target for the company from C$85.00 to C$78.00 in a report on Friday, August 30th. Finally, CIBC lowered their price target on Toronto-Dominion Bank from C$83.00 to C$81.00 in a report on Thursday, October 3rd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of C$80.80.

The firm has a fifty day moving average price of C$73.99 and a two-hundred day moving average price of C$75.00. The stock has a market capitalization of $134.18 billion and a P/E ratio of 11.72.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last released its quarterly earnings results on Thursday, August 29th. The company reported C$1.79 earnings per share for the quarter, meeting the consensus estimate of C$1.79. The firm had revenue of C$10.50 billion for the quarter, compared to the consensus estimate of C$10.09 billion. As a group, research analysts anticipate that Toronto-Dominion Bank will post 7.0599994 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th will be paid a $0.74 dividend. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $2.96 annualized dividend and a dividend yield of 4.01%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 47.05%.

In other news, Senior Officer Frank Joseph Mckenna sold 5,000 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of C$73.50, for a total value of C$367,500.00. Also, Senior Officer Robert E. Dorrance sold 138,636 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of C$72.63, for a total value of C$10,069,132.68. Following the completion of the sale, the insider now owns 569,584 shares of the company’s stock, valued at C$41,368,885.92. Insiders sold a total of 157,544 shares of company stock valued at $11,506,158 over the last 90 days.

Toronto-Dominion Bank Company Profile (TSE:TD)

The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. The company operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. It offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; financing options to customers at point of sale for automotive and recreational vehicle purchases through auto dealer network; credit cards; investing, advice-based, and asset management services to retail and institutional clients; and property and casualty insurance, as well as life and health insurance products.

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