Toronto-Dominion Bank (TSE:TD) (NYSE:TD) – Equities research analysts at National Bank Financial cut their Q2 2018 EPS estimates for shares of Toronto-Dominion Bank in a research note issued to investors on Thursday. National Bank Financial analyst G. Dechaine now forecasts that the company will earn $1.39 per share for the quarter, down from their prior estimate of $1.40. National Bank Financial currently has a “Outperform” rating and a $78.00 target price on the stock. National Bank Financial also issued estimates for Toronto-Dominion Bank’s FY2019 earnings at $6.34 EPS.
Several other equities analysts have also recently weighed in on TD. CSFB raised their price objective on Toronto-Dominion Bank from C$75.00 to C$77.00 in a research note on Friday. Canaccord Genuity raised their price objective on Toronto-Dominion Bank from C$78.00 to C$80.00 in a research note on Friday. BMO Capital Markets raised their price objective on Toronto-Dominion Bank from C$74.00 to C$76.00 in a research note on Friday. Royal Bank Of Canada raised their price objective on Toronto-Dominion Bank from C$72.00 to C$78.00 and gave the company a “sector perform” rating in a research note on Friday. Finally, Eight Capital raised their price objective on Toronto-Dominion Bank from C$73.00 to C$76.00 in a research note on Friday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of C$75.31.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 10th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date of this dividend is Tuesday, January 9th. Toronto-Dominion Bank’s payout ratio is 41.82%.
In other news, insider Theresa Lynn Currie sold 2,128 shares of Toronto-Dominion Bank stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of C$66.86, for a total transaction of C$142,278.08.
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About Toronto-Dominion Bank
Toronto-Dominion Bank (the Bank) is a Canada-based bank, which operates in the North America. It is an online financial services firm, with over 10.2 million online and mobile customers. Its segments include Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. The Canadian Retail segment provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses.
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