Toronto-Dominion Bank (TSE:TD) Price Target Cut to C$96.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price target trimmed by CIBC from C$100.00 to C$96.00 in a report released on Friday, BayStreet.CA reports.

TD has been the topic of a number of other reports. National Bank Financial upgraded shares of Toronto-Dominion Bank from a strong sell rating to a hold rating in a research note on Thursday, August 22nd. National Bankshares upgraded Toronto-Dominion Bank from an underperform rating to a sector perform rating and lifted their price target for the stock from C$74.00 to C$78.00 in a research note on Friday, August 23rd. Jefferies Financial Group upped their price objective on Toronto-Dominion Bank from C$73.00 to C$82.00 and gave the company a hold rating in a research note on Monday, August 12th. Royal Bank of Canada downgraded Toronto-Dominion Bank from an outperform rating to a sector perform rating and reduced their target price for the stock from C$88.00 to C$82.00 in a report on Friday. Finally, Desjardins decreased their target price on Toronto-Dominion Bank from C$91.00 to C$90.00 and set a buy rating for the company in a research report on Friday, August 23rd. Six research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus target price of C$86.65.

Toronto-Dominion Bank Stock Performance

TSE:TD opened at C$78.48 on Friday. Toronto-Dominion Bank has a one year low of C$73.67 and a one year high of C$87.99. The business’s 50-day simple moving average is C$82.46 and its 200 day simple moving average is C$79.40. The stock has a market cap of C$137.34 billion, a price-to-earnings ratio of 18.17, a price-to-earnings-growth ratio of 1.08 and a beta of 0.82.

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

Toronto-Dominion Bank Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 31st will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 5.20%. The ex-dividend date is Thursday, October 10th. Toronto-Dominion Bank’s payout ratio is 94.44%.

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.