Toronto-Dominion Bank (TSE:TD) Price Target Cut to C$83.50

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective reduced by CIBC from C$86.00 to C$83.50 in a research report released on Monday, BayStreet.CA reports. They currently have a neutral rating on the stock.

Several other analysts have also recently commented on TD. Canaccord Genuity Group upped their target price on shares of Toronto-Dominion Bank from C$95.00 to C$96.00 and gave the company a buy rating in a research report on Friday, March 1st. Bank of America dropped their target price on shares of Toronto-Dominion Bank from C$88.00 to C$86.00 in a research report on Wednesday, February 14th. Jefferies Financial Group dropped their target price on shares of Toronto-Dominion Bank from C$82.00 to C$74.00 and set a hold rating for the company in a research report on Monday. BMO Capital Markets upped their target price on shares of Toronto-Dominion Bank from C$81.00 to C$86.00 in a research report on Friday, April 5th. Finally, Desjardins lowered their price objective on shares of Toronto-Dominion Bank from C$104.00 to C$93.00 and set a buy rating for the company in a research report on Monday. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus target price of C$89.23.

Toronto-Dominion Bank Stock Up 1.2 %

Shares of TD opened at C$76.90 on Monday. Toronto-Dominion Bank has a 12-month low of C$73.98 and a 12-month high of C$87.10. The firm has a market capitalization of C$136.11 billion, a price-to-earnings ratio of 12.15, a P/E/G ratio of 1.08 and a beta of 0.83. The stock’s 50-day moving average price is C$80.29 and its 200 day moving average price is C$81.34.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last released its quarterly earnings data on Thursday, February 29th. The company reported C$2.00 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.93 by C$0.07. The company had revenue of C$13.71 billion for the quarter, compared to the consensus estimate of C$12.63 billion. Toronto-Dominion Bank had a return on equity of 10.72% and a net margin of 23.86%. Equities research analysts expect that Toronto-Dominion Bank will post 7.8654048 EPS for the current year.

Toronto-Dominion Bank Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 30th were issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 5.31%. The ex-dividend date of this dividend was Monday, April 8th. Toronto-Dominion Bank’s payout ratio is currently 64.45%.

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.