Toronto-Dominion Bank (TSE:TD) Shares Pass Above 200 Day Moving Average – Here’s What Happened
by Danessa Lincoln · The Markets DailyThe Toronto-Dominion Bank (TSE:TD – Get Free Report) (NYSE:TD)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$122.83 and traded as high as C$131.73. Toronto-Dominion Bank shares last traded at C$131.31, with a volume of 6,065,896 shares changing hands.
Analyst Ratings Changes
A number of equities research analysts recently commented on TD shares. Canaccord Genuity Group increased their price target on Toronto-Dominion Bank from C$147.00 to C$149.00 and gave the company a “buy” rating in a research report on Monday, March 9th. BMO Capital Markets upped their target price on shares of Toronto-Dominion Bank from C$135.00 to C$144.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. Scotiabank increased their target price on shares of Toronto-Dominion Bank from C$132.00 to C$142.00 and gave the company an “outperform” rating in a report on Friday, February 27th. Jefferies Financial Group dropped their price target on shares of Toronto-Dominion Bank from C$130.00 to C$128.00 in a research report on Wednesday, February 11th. Finally, Royal Bank Of Canada reduced their price objective on shares of Toronto-Dominion Bank from C$148.00 to C$138.00 and set an “outperform” rating for the company in a research report on Wednesday, March 25th. Six investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Toronto-Dominion Bank presently has a consensus rating of “Moderate Buy” and a consensus target price of C$139.00.
Get Our Latest Research Report on Toronto-Dominion Bank
Toronto-Dominion Bank Price Performance
The firm has a market cap of C$221.14 billion, a PE ratio of 10.73, a PEG ratio of 1.22 and a beta of 0.98. The company has a 50-day simple moving average of C$130.49 and a two-hundred day simple moving average of C$122.89.
Toronto-Dominion Bank (TSE:TD – Get Free Report) (NYSE:TD) last announced its earnings results on Thursday, February 26th. The company reported C$2.44 earnings per share (EPS) for the quarter. The firm had revenue of C$16.63 billion during the quarter. Toronto-Dominion Bank had a return on equity of 17.26% and a net margin of 19.11%. As a group, equities analysts predict that The Toronto-Dominion Bank will post 7.2160149 earnings per share for the current year.
Toronto-Dominion Bank Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 30th will be given a $1.08 dividend. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $4.32 annualized dividend and a yield of 3.3%. Toronto-Dominion Bank’s payout ratio is currently 34.25%.
Toronto-Dominion Bank Company Profile
Toronto-Dominion is one of Canada’s two largest banks and operates three business segments: Canadian retail banking, U.S. retail banking, and wholesale banking. The bank’s U.S. operations span from Maine to Florida, with a strong presence in the Northeast. It also has a 13% ownership stake in Charles Schwab.