Toronto-Dominion Bank (TSE:TD) (NYSE:TD) – Stock analysts at National Bank Financial reduced their FY2019 EPS estimates for Toronto-Dominion Bank in a research note issued on Thursday, November 29th. National Bank Financial analyst G. Dechaine now anticipates that the company will post earnings per share of $6.95 for the year, down from their previous forecast of $7.00. National Bank Financial currently has a “Outperform” rating and a $85.00 target price on the stock. National Bank Financial also issued estimates for Toronto-Dominion Bank’s FY2020 earnings at $7.39 EPS.
TD has been the subject of several other reports. Eight Capital increased their price objective on Toronto-Dominion Bank from C$89.00 to C$93.00 in a report on Friday, August 31st. Desjardins increased their price target on shares of Toronto-Dominion Bank from C$86.00 to C$87.00 and gave the stock a “buy” rating in a research note on Friday, August 31st. Canaccord Genuity decreased their price target on shares of Toronto-Dominion Bank from C$89.00 to C$83.00 in a research note on Thursday, November 22nd. BMO Capital Markets increased their price target on shares of Toronto-Dominion Bank from C$82.00 to C$83.00 in a research note on Friday, August 31st. Finally, Barclays decreased their price target on shares of Toronto-Dominion Bank from C$78.00 to C$77.00 in a research note on Friday. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Toronto-Dominion Bank currently has a consensus rating of “Buy” and an average target price of C$85.31.
TD stock opened at C$73.56 on Monday. Toronto-Dominion Bank has a twelve month low of C$69.21 and a twelve month high of C$80.05.
Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last posted its quarterly earnings data on Thursday, November 29th. The company reported C$1.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$1.62 by C$0.01. The firm had revenue of C$10.12 billion during the quarter, compared to analyst estimates of C$9.55 billion.
In other Toronto-Dominion Bank news, insider Michael George Rhodes sold 25,824 shares of the stock in a transaction that occurred on Wednesday, September 5th. The stock was sold at an average price of C$78.98, for a total transaction of C$2,039,579.52.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 31st. Shareholders of record on Thursday, January 10th will be given a dividend of $0.67 per share. The ex-dividend date of this dividend is Wednesday, January 9th. This represents a $2.68 dividend on an annualized basis and a yield of 3.64%. Toronto-Dominion Bank’s payout ratio is 43.42%.
Toronto-Dominion Bank Company Profile
The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. It operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The company offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to small, medium, and large businesses; financing options to customers at point of sale for automotive and recreational vehicle purchases through auto dealer network; credit cards; investing, advice-based, and asset management services to retail and institutional clients; and property and casualty insurance, as well as life and health insurance products.
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