Toronto-Dominion Bank (TSE:TD) Raised to “Sector Perform” at National Bankshares

National Bankshares updated shares of Toronto-Dominion Bank (TSE:TD – Free Report) (NYSE:TD) from an underperform rating to a sector perform rating in a research report issued on Friday morning, BayStreet.CA reports. They currently have a $78.00 price objective on the stock, up from their previous price objective of $74.00.

A number of other brokerages have also commented on TD. National Bank Financial lowered shares of Toronto-Dominion Bank from a hold rating to a strong sell rating in a research note on Thursday, May 23rd. Royal Bank of Canada cut their price target on shares of Toronto-Dominion Bank from $89.00 to $88.00 and set an outperform rating for the company in a research report on Friday. Jefferies Financial Group upped their target price on shares of Toronto-Dominion Bank from $73.00 to $82.00 and gave the company a hold rating in a research note on Monday, August 12th. BMO Capital Markets decreased their price target on Toronto-Dominion Bank from $86.00 to $84.00 and set a market perform rating on the stock in a research note on Friday, May 24th. Finally, Cibc World Mkts raised Toronto-Dominion Bank from a hold rating to a strong-buy rating in a report on Friday, May 24th. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of $87.27.

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Toronto-Dominion Bank Stock Performance

TSE:TD opened at $80.18 on Friday. The firm has a market cap of $141.12 billion, a P/E ratio of 13.43, a P/E/G ratio of 1.08 and a beta of 0.82. Toronto-Dominion Bank has a fifty-two week low of $73.67 and a fifty-two week high of $86.89. The firm has a 50 day simple moving average of $77.91 and a two hundred day simple moving average of $78.70.

Toronto-Dominion Bank (TSE:TD – Get Your Free Report ) (NYSE:TD) last posted its earnings results on Thursday, May 23rd. The company reported $2.04 EPS for the quarter, topping the consensus estimate of $1.84 by $0.20. Toronto-Dominion Bank had a return on equity of 9.89% and a net margin of 21.91%. The company had revenue of $13.82 billion for the quarter, compared to the consensus estimate of $13.38 billion. On average, equities research analysts anticipate that Toronto-Dominion Bank will post 8.3985432 EPS for the current year.

Toronto-Dominion Bank Dividend Announcement

The company 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 dividend of $1.02 per share. The ex-dividend date is Thursday, October 10. This represents a dividend of $4.08 on an annualized basis and a dividend yield of 5.09%. Toronto-Dominion Bank’s payout ratio is currently 68.34%.

Toronto-Dominion Bank Company Profile

(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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