Many analysts are providing their Estimated Earnings analysis for The Toronto-Dominion Bank and for the current quarter 11 analysts have projected that the stock could give an Average Earnings estimate of $0.96/share. Bank of America Corporation started coverage on shares of Toronto Dominion Bank (The) in a report on Tuesday, November 1st. The Toronto-Dominion Bank got Initiated on 1-Nov-16 where investment firm BofA/Merrill Initiated the stock to Buy. The Toronto-Dominion Bank has a 52-week low of $33.49 and a 52-week high of $46.35. Sumitomo Mitsui Trust Holdings Inc. now owns 5,468,117 shares of the company's stock worth $242,786,000 after buying an additional 69,846 shares during the last quarter. Scotiabank restated a "sector perform" rating and set a $60.00 price objective on shares of The Toronto-Dominion Bank in a research note on Wednesday, October 26th.
Taking a brief view of stock performance, we see that company shares are now trading $1.92 off the 50-day moving average of $49.47 and $5.88 off of the 200-day moving average of $45.51. The Toronto-Dominion Bank had a net margin of 21.02% and a return on equity of 13.56%. The company reported $1.22 earnings per share (EPS) for the quarter, meeting the Zacks' consensus estimate of $1.22. TheStreet upgraded shares of Toronto Dominion Bank (The) from a "hold" rating to a "buy" rating in a research note on Tuesday, December 13th. The company's revenue was up 8.7% compared to the same quarter past year. They set an "outperform" rating on the stock.
Toronto-Dominion Bank (TD) witnessed a volatile trading activity on Thursday, and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The firm's revenue for the quarter was up 8.7% compared to the same quarter previous year. During the same quarter in the prior year, the business posted $1.14 earnings per share. Institutional investors and hedge funds own 52.12% of the company's stock. Finally, TD Securities restated a "buy" rating and set a $64.00 price objective (up from $61.00) on shares of The Toronto-Dominion Bank in a research note on Monday, August 29th.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 31st. The ex-dividend date is Friday, January 6th. This represents a $1.63 annualized dividend and a yield of 3.18%. The average stock price target is $44.35 with 0 brokers rating the stock a strong buy, 3 brokers rating the stock a buy, 2 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
The Toronto-Dominion Bank (NYSE:TD) reported the earnings of $1.22/Share in the last quarter where the estimated EPS by analysts was $1.22/share. If you are reading this piece on another publication, it was illegally copied and reposted in violation of global trademark and copyright legislation. The company has a consensus rating of "Buy" and a consensus target price of $59.41. The correct version of this article can be viewed at https://www.thecerbatgem.com/2017/01/12/toronto-dominion-bank-the-td-lifted-to-buy-at-zacks-investment-research.html.
A number of brokerages recently weighed in on TD. The Bank conducts its business through segments such as Canadian Retail U.S. Retail Wholesale Banking and Corporate. The Bank is an online financial services firm, with over 10.2 million online and mobile customers. The Canadian Retail segment provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses.