Shares of Toronto-Dominion Bank (TSE:TD) are moving above the two hundred day moving average of $79.12

Toronto-Dominion Bank (TSE:TD – Get Your Free Report ) (NYSE:TD) broke above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $79.12 and traded as high as $85.66. Shares of Toronto-Dominion Bank last traded at $85.33 with a volume of 3,156,422 shares.

Analysts on Wall Street are forecasting an increase

TD has been the subject of several recent analyst reports. National Bank Financial raised shares of Toronto-Dominion Bank from a “strong sell” rating to a “hold” rating in a report on Thursday, August 22nd. Cormark dropped their price objective on shares of Toronto-Dominion Bank from $87.00 to $86.00 in a report on Friday, August 23rd. Scotiabank cut their price objective on shares of Toronto-Dominion Bank from $87.00 to $86.00 in a report on Monday, August 19th. Jefferies Financial Group boosted their price objective on shares of Toronto-Dominion Bank from $73.00 to $82.00 and gave the stock a “hold” rating in a report on Monday, August 12th. Finally, National Bankshares raised shares of Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating and boosted their price objective for the stock from $74.00 to $78.00 in – a report from Friday, August 23. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Toronto-Dominion Bank currently has an average rating of “Moderate Buy” and a consensus price target of $87.79, according to MarketBeat.com .

Read the latest stock analysis on Toronto-Dominion Bank

Toronto-Dominion Bank trading up 0.6%

The company has a fifty day simple moving average of $81.28 and a two hundred day simple moving average of $79.12. The stock has a market cap of $149.33 billion, a P/E ratio of 19.75, a P/E/G ratio of 1.08 and a beta of 0.82.

Toronto-Dominion Bank (TSE:TD – Get Your Free Report ) (NYSE:TD) last announced its quarterly earnings data on Thursday, August 22nd. The company reported $2.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.07 by C($0.02). Toronto-Dominion Bank had a net margin of 15.72% and a return on equity of 7.33%. The company had revenue of C$14.18 billion during the quarter, compared to analyst estimates of C$14.12 billion. On average, equities research analysts anticipate that Toronto-Dominion Bank will post 8.2283835 earnings per share for the current year.

Toronto-Dominion Bank announces dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th will be given a $1.02 dividend. This represents a dividend of $4.08 on an annualized basis and a dividend yield of 4.78%. The ex-dividend date of this dividend is Thursday, October 10. Toronto-Dominion Bank’s dividend payout ratio is 94.44%.

About Toronto-Dominion Bank

(Get a free report)

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, US Retail, Wealth Management and Insurance and Wholesale Banking.

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