BMO Capital Markets Cuts Toronto-Dominion Bank (TSE:TD) Price Target to C$84.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its target price decreased by BMO Capital Markets from C$86.00 to C$84.00 in a research report sent to investors on Friday, BayStreet.CA reports. BMO Capital Markets currently has a market perform rating on the stock.

Other research analysts also recently issued research reports about the stock. Canaccord Genuity Group lifted their price objective 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. Desjardins decreased their target price on shares of Toronto-Dominion Bank from C$104.00 to C$93.00 and set a buy rating on the stock in a report on Monday, May 6th. Jefferies Financial Group increased their target price on shares of Toronto-Dominion Bank from C$74.00 to C$76.00 and gave the stock a hold rating in a report on Friday. Scotiabank cut their price target on Toronto-Dominion Bank from C$93.00 to C$90.00 and set an outperform rating on the stock in a research note on Friday, May 17th. Finally, CIBC upgraded Toronto-Dominion Bank from a neutral rating to an outperform rating and increased their price objective for the company from C$83.50 to C$88.00 in a report on Friday. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Toronto-Dominion Bank presently has a consensus rating of Moderate Buy and a consensus price target of C$88.42.

Toronto-Dominion Bank Price Performance

TSE:TD traded up C$1.70 during mid-day trading on Friday, reaching C$77.28. The stock had a trading volume of 5,132,244 shares, compared to its average volume of 7,439,939. Toronto-Dominion Bank has a fifty-two week low of C$73.98 and a fifty-two week high of C$87.10. The stock has a market cap of C$136.79 billion, a P/E ratio of 12.21, a PEG ratio of 1.08 and a beta of 0.82. The business’s 50 day moving average is C$79.24 and its 200 day moving average is C$81.20.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last announced its earnings results on Thursday, May 23rd. The company reported C$2.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.84 by C$0.20. The business had revenue of C$13.82 billion during the quarter, compared to analysts’ expectations of C$13.38 billion. Toronto-Dominion Bank had a net margin of 23.86% and a return on equity of 10.72%. Equities analysts expect that Toronto-Dominion Bank will post 7.8263052 EPS for the current year.

Toronto-Dominion Bank Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 10th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Wednesday, July 10th. This represents a $4.08 annualized dividend and a yield of 5.28%. Toronto-Dominion Bank’s dividend 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.