Toronto-Dominion Bank (TSE:TD) PT Lowered to C$91.50

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price target reduced by equities research analysts at Canaccord Genuity Group from C$93.50 to C$91.50 in a research note issued on Friday, BayStreet.CA reports. Canaccord Genuity Group’s price objective suggests a potential upside of 16.19% from the company’s previous close.

Other analysts also recently issued research reports about the stock. National Bankshares raised shares of Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating and raised their price target for the stock from C$74.00 to C$78.00 in a research report on Friday, August 23rd. Jefferies Financial Group raised their price objective on Toronto-Dominion Bank from C$73.00 to C$82.00 and gave the stock a “hold” rating in a research note on Monday, August 12th. Scotiabank reduced their price objective on Toronto-Dominion Bank from C$87.00 to C$86.00 in a research note on Monday, August 19th. Cormark reduced their price objective on Toronto-Dominion Bank from C$93.00 to C$91.00 in a research note on Friday. Finally, Desjardins reduced their price objective on Toronto-Dominion Bank from C$91.00 to C$90.00 and set a “buy” rating on the stock in a research note on Friday, August 23rd. Six investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$86.65.

Toronto-Dominion Bank Stock Performance

Shares of TD stock traded down C$3.01 during mid-day trading on Friday, reaching C$78.75. 11,782,167 shares of the company were exchanged, compared to its average volume of 7,367,702. Toronto-Dominion Bank has a fifty-two week low of C$73.67 and a fifty-two week high of C$87.99. The company has a market capitalization of C$137.81 billion, a P/E ratio of 18.23, a P/E/G ratio of 1.08 and a beta of 0.82. The business’s 50 day simple moving average is C$82.47 and its 200 day simple moving average is C$79.47.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last released its quarterly earnings results on Thursday, August 22nd. The company reported C$2.05 earnings per share for the quarter, missing analysts’ consensus estimates of C$2.07 by C($0.02). Toronto-Dominion Bank had a return on equity of 7.33% and a net margin of 15.72%. The company had revenue of C$14.18 billion for the quarter, compared to analyst estimates of C$14.12 billion. On average, analysts forecast that Toronto-Dominion Bank will post 8.2112811 EPS for the current year.

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.