BMO Capital Markets Upgrades Toronto-Dominion Bank (TSE:TD) to “Outperform”

BMO Capital Markets upgraded shares of Toronto-Dominion Bank (TSE:TD) (NYSE:TD) from a market perform rating to an outperform rating in a research note issued to investors on Thursday,BayStreet.CA reports. They currently have C$90.00 target price on the stock.

Other research analysts have also issued research reports about the stock. Canaccord Genuity Group upped their price objective on shares of Toronto-Dominion Bank from C$87.00 to C$89.00 in a research note on Monday. Scotiabank lowered Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from C$98.00 to C$81.00 in a research report on Friday, December 6th. Barclays lowered shares of Toronto-Dominion Bank from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 21st. Desjardins downgraded Toronto-Dominion Bank from a “moderate buy” rating to a “hold” rating in a research note on Thursday, December 5th. Finally, Bank of America raised their target price on shares of Toronto-Dominion Bank from C$85.00 to C$90.00 in a research note on Friday, August 23rd. One analyst has rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Toronto-Dominion Bank has a consensus rating of “Hold” and a consensus price target of C$86.50.

Toronto-Dominion Bank Stock Performance

TSE TD opened at C$74.20 on Thursday. Toronto-Dominion Bank has a 1 year low of C$73.22 and a 1 year high of C$87.99. The stock has a market capitalization of C$129.85 billion, a P/E ratio of 17.18, a P/E/G ratio of 1.22 and a beta of 0.82. The business’s fifty day moving average is C$78.35 and its two-hundred day moving average is C$79.11.

Toronto-Dominion Bank Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 31st were given a dividend of $1.02 per share. The ex-dividend date was Thursday, October 10th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 5.50%. Toronto-Dominion Bank’s dividend payout ratio is 94.44%.

Toronto-Dominion Bank Company Profile

The 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, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.