(TSE: TD) (NYSE: TD) (NYSE: TD) The Trust and Savings Department of the Toronto-Dominion Bank Research analysts working for National Bank Financial contributed to a report distributed on Monday, December 19. It included their projections for the amount of money the Toronto-Dominion Bank will earn in revenue during 2024. The forecasts that G. Dechaine of National Bank Financial provided indicate that the amount of revenue generated by each share of the company’s stock in 2018 will be $9.55. The most recent earnings forecast that Toronto-Dominion Bank has provided for the entire year is $9.61 per share.
On Wednesday, the price of a share of TSE TD was 87.56 Canadian dollars when it was first traded. The share price of the company’s stock has averaged C$88.18 over the past 50 days, which is higher than the moving average of C$86.35 calculated for the past 200 trading days. The lowest price that Toronto-Dominion Bank has been at in the past year is 77.27 Canadian dollars, and the highest price that the bank has been at in the past year is 109.08 Canadian dollars. The stock has a price-to-earnings ratio of 9.25, which translates to a market capitalization of 159.42 billion Canadian dollars for the company.
Recently, several different analysts have made their thoughts and opinions regarding the stock available in publications they have released. BMO Capital Markets stated in a report made public on Friday, December 2, that the company had raised its price objective on shares of Toronto-Dominion Bank from C$95.00 to C$98.00. The previous price objective for these shares was C$95.00. Jefferies Financial Group disclosed in a report made available to the public on Friday, August 26, that they had increased their price objective on shares of Toronto-Dominion Bank from C$102.00 to C$106.00. Fundamental Research kept its “buy” rating on shares of Toronto-Dominion Bank. It issued a price objective of C$106.42 per share for the company in a research report published on Tuesday, December 13. In a report distributed on September 12, Cormark changed its recommendation on the share price of Toronto-Dominion Bank from “market perform” to “buy,” indicating that it expects the share price to increase. National Bankshares lowered their price objective on Toronto-Dominion Bank shares from C$106.00 (the previous price objective) to C$103.00 (the new price objective) in the report they issued on Friday, November 18. The final and most significant adjustment was made here. Six financial analysts have recommended to investors that they buy the company’s shares, while only four have suggested that investors keep the shares they already own. The current price target for Toronto-Dominion Bank is 100.40 Canadian dollars, and the consensus rating for the company is “Moderate Buy.” This information was obtained from Bloomberg.com.
In addition, the business just recently announced a quarterly dividend scheduled to be paid out on January 31. Those shareholders whose records were up to date as of January 6 will be eligible to receive a $0.96 dividend payment per share. This represents an increase from the previous dividend amount of $0.89 distributed by Toronto-Dominion Bank every quarter as compensation. This translates into a yield of 4.39% and an annual dividend payment of $3.84 for the shareholder in the company. This dividend will either be paid out or not on January 5, as that is the date that will be used to make the decision. The dividend payout ratio, or DPR, for The Toronto-Dominion Bank currently stands at 37.59%. This ratio is also known as the DPR.
On Tuesday, December 13, Senior Officer Raymond Chun sold 7,011 shares of company stock. This is just one of the many developments that occurred. The transaction was completed. The shares were sold on the open market for $623,908.89 in Canadian dollars, which works out to an average price of $88.99 per share. After the completion of the sale, the insider now owns 27,856 company shares, which have a combined value of C$2,478,905.44 [Canadian Dollars].