Toronto-Dominion Bank (TD) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Toronto-Dominion Bank (TSE:TD) (NYSE:TD) have received a consensus rating of “Buy” from the thirteen ratings firms that are covering the firm, reports. One investment analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$85.15.

Several brokerages have recently issued reports on TD. Desjardins boosted their price target on shares of Toronto-Dominion Bank from C$86.00 to C$87.00 and gave the company a “buy” rating in a report on Friday, August 31st. National Bank Financial boosted their price target on shares of Toronto-Dominion Bank from C$84.00 to C$86.00 and gave the company an “outperform” rating in a report on Friday, August 31st. Eight Capital boosted their price target on shares of Toronto-Dominion Bank from C$89.00 to C$93.00 in a report on Friday, August 31st. BMO Capital Markets boosted their price target on shares of Toronto-Dominion Bank from C$82.00 to C$83.00 in a report on Friday, August 31st. Finally, CIBC cut their price objective on shares of Toronto-Dominion Bank from C$85.00 to C$84.00 in a research note on Monday, June 11th.

In related news, insider Michael George Rhodes sold 25,824 shares of Toronto-Dominion Bank stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of C$78.98, for a total transaction of C$2,039,579.52.

Shares of TD traded up C$0.09 during midday trading on Thursday, hitting C$79.31. 1,200,704 shares of the stock traded hands, compared to its average volume of 3,115,400. Toronto-Dominion Bank has a 1-year low of C$69.21 and a 1-year high of C$80.05.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last announced its quarterly earnings results on Thursday, August 30th. The company reported C$1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.61 by C$0.05. Toronto-Dominion Bank had a net margin of 23.57% and a return on equity of 13.38%. The company had revenue of C$9.89 billion during the quarter, compared to the consensus estimate of C$9.39 billion.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 31st. Investors of record on Wednesday, October 10th will be paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date of this dividend is Tuesday, October 9th.

About Toronto-Dominion Bank

The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. It operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The company offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to small, medium, and large 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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Analyst Recommendations for Toronto-Dominion Bank (TSE:TD)

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