Toronto-Dominion Bank (TSE:TD) Price Target Cut to C$93.00 by Analysts at Desjardins

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective cut by Desjardins from C$104.00 to C$93.00 in a report published on Monday, BayStreet.CA reports. They currently have a buy rating on the stock.

Several other research firms have also recently weighed in on TD. Scotiabank upgraded shares of Toronto-Dominion Bank from a sector perform rating to an outperform rating and increased their price objective for the stock from C$86.00 to C$93.00 in a research report on Wednesday, April 17th. Canaccord Genuity Group increased their target price on shares of Toronto-Dominion Bank from C$95.00 to C$96.00 and gave the stock a buy rating in a research note on Friday, March 1st. BMO Capital Markets lifted their price target on shares of Toronto-Dominion Bank from C$81.00 to C$86.00 in a research note on Friday, April 5th. National Bankshares dropped their price target on Toronto-Dominion Bank from C$92.00 to C$84.00 and set a sector perform rating on the stock in a research note on Friday, May 3rd. Finally, CIBC reduced their price objective on Toronto-Dominion Bank from C$88.00 to C$86.00 and set a neutral rating for the company in a research note on Friday, March 8th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Toronto-Dominion Bank currently has a consensus rating of Moderate Buy and an average target price of C$89.23.

Toronto-Dominion Bank Price Performance

Shares of TSE:TD opened at C$76.76 on Monday. The company has a market capitalization of C$135.87 billion, a P/E ratio of 12.13, a P/E/G ratio of 1.08 and a beta of 0.83. The business’s 50 day simple moving average is C$80.21 and its 200 day simple moving average is C$81.30. Toronto-Dominion Bank has a 1 year low of C$73.98 and a 1 year high of C$87.10.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last announced its quarterly earnings data on Thursday, February 29th. The company reported C$2.00 earnings per share for the quarter, topping the consensus estimate of C$1.93 by C$0.07. The business had revenue of C$13.71 billion during 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%. On average, sell-side analysts anticipate that Toronto-Dominion Bank will post 7.8654048 EPS for the current fiscal year.

Toronto-Dominion Bank Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Tuesday, April 30th were paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 5.32%. The ex-dividend date was Monday, April 8th. Toronto-Dominion Bank’s payout ratio is presently 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.