Brokerages Set The Toronto-Dominion Bank (TSE:TD) Price Target at C$171.08

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) has received an average rating of “Moderate Buy” from the eleven research firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and seven have given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$171.08.

Several analysts have recently weighed in on TD shares. Jefferies Financial Group upped their price objective on Toronto-Dominion Bank from C$164.00 to C$165.00 in a report on Thursday, September 3rd. Royal Bank Of Canada lifted their target price on Toronto-Dominion Bank from C$156.00 to C$173.00 and gave the stock an “outperform” rating in a report on Friday, August 28th. Canaccord Genuity Group dropped their price target on shares of Toronto-Dominion Bank from C$197.00 to C$196.00 in a research report on Thursday, September 3rd. Scotiabank upped their price target on shares of Toronto-Dominion Bank from C$180.00 to C$187.00 and gave the company a “sector outperform” rating in a report on Friday, August 28th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Toronto-Dominion Bank from C$180.00 to C$187.00 in a research report on Monday, August 31st.

Toronto-Dominion Bank Price Performance

Shares of TSE:TD opened at C$168.81 on Friday. The stock has a market cap of C$276.60 billion, a price-to-earnings ratio of 18.07, a PEG ratio of 1.22 and a beta of 0.81. Toronto-Dominion Bank has a 12 month low of C$107.00 and a 12 month high of C$175.33. The stock’s 50 day moving average price is C$168.56 and its 200 day moving average price is C$154.97.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last issued its quarterly earnings results on Thursday, August 27th. The company reported C$2.77 earnings per share (EPS) for the quarter. Toronto-Dominion Bank had a return on equity of 12.83% and a net margin of 14.36%.The firm had revenue of C$16.93 billion during the quarter. On average, sell-side analysts expect that Toronto-Dominion Bank will post 7.2160149 EPS for the current year.

Toronto-Dominion Bank Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Friday, July 31st were paid a dividend of $1.12 per share. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $1.08. This represents a $4.48 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Friday, July 10th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 46.36%.

Toronto-Dominion Bank Company Profile

TD Asset Management Inc (‘TDAM’), a member of TD Bank Group, is a Canadian investment management firm with a growing global presence. Bringing together three decades of investment experience, our broad selection of strategies and solutions includes fundamental equities, quantitative and passive equities, fixed income across the credit quality spectrum and alternatives, such as private credit, infrastructure and real estate. TDAM offers institutional investment solutions to corporations, pension funds, endowments and foundations, sovereign wealth funds and superannuation funds, among others.