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Equities research analysts at CIBC increased their price objective on shares of Toronto-Dominion Bank (TSE:TD) from C$56.00 to C$58.00 in a research note issued to investors on Friday. CIBC’s price target indicates a potential upside of 8.92% from the company’s current price.

Shares of 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 released its earnings data on Friday, May 23rd. The company reported $1.09 earnings per share (EPS) for the quarter, beating the 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 announced a quarterly dividend, which is scheduled for Thursday, July 31st. Shareholders of record on Wednesday, July 9th will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 3.53%.

Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays raised their price target on shares of Toronto-Dominion Bank from C$53.00 to C$56.00 in a research note on Friday. Separately, analysts at Canaccord Genuity raised their price target on shares of Toronto-Dominion Bank from C$53.00 to C$55.00 in a research note on Friday. They now have a “hold” rating on the stock. Finally, 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. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. Toronto-Dominion Bank has an average rating of “Hold” and a consensus price target of C$69.64.

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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