Toronto-Dominion Bank Price Target Increased to C$55.00 by Analysts at Canaccord Genuity (TD)
Investment analysts at Canaccord Genuity boosted their price target on shares of Toronto-Dominion Bank (TSE:TD) from C$53.00 to C$55.00 in a note issued to investors on Friday. The firm currently has a “hold” rating on the stock. Canaccord Genuity’s price objective would indicate a potential upside of 3.29% from the stock’s previous close.
TD has been the subject of a number of other recent research reports. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Toronto-Dominion Bank from C$50.00 to C$51.00 in a research note on Tuesday. They now have a “market perform” rating on the stock. Separately, analysts at National Bank Financial raised their price target on shares of Toronto-Dominion Bank from C$54.00 to C$56.00 in a research note on Thursday, May 15th. Finally, analysts at Credit Suisse raised their price target on shares of Toronto-Dominion Bank from C$49.00 to C$53.00 in a research note on Monday, March 17th. They now have a “neutral” rating on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of C$69.64.
Toronto-Dominion Bank (TSE:TD) opened at 53.25 on Friday. Toronto-Dominion Bank has a 52-week low of $40.235 and a 52-week high of $53.32. The stock has a 50-day moving average of $51.86 and a 200-day moving average of $49.91. The company has a market cap of $97.857 billion and a price-to-earnings ratio of 14.40.
Toronto-Dominion Bank (TSE:TD) last posted its quarterly earnings results on Friday, May 23rd. The company reported $1.09 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.02 by $0.07. Analysts expect that Toronto-Dominion Bank will post $4.23 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, July 31st. Investors of record on Wednesday, July 9th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 3.53%.
The Toronto-Dominion Bank is a Canada-based bank, offering a range of financial products and services through TD Canada Trust, TD Bank, TD commercial Bank, TD commercial Banking and TD Auto finance.
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