Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price target lowered by stock analysts at Eight Capital from C$90.00 to C$85.00 in a note issued to investors on Wednesday, BayStreet.CA reports. Eight Capital’s price target indicates a potential upside of 16.95% from the stock’s previous close.
A number of other equities research analysts also recently weighed in on the company. Canaccord Genuity cut their price target on Toronto-Dominion Bank from C$84.00 to C$82.00 in a research note on Wednesday, May 15th. CIBC raised their price target on Toronto-Dominion Bank from C$84.00 to C$85.00 in a research note on Friday, May 24th. BMO Capital Markets raised their price target on Toronto-Dominion Bank from C$82.00 to C$85.00 in a research note on Friday, May 24th. Barclays raised Toronto-Dominion Bank from an “underweight” rating to an “overweight” rating and raised their price target for the stock from C$79.00 to C$84.00 in a research note on Tuesday, June 11th. Finally, CSFB set a C$81.00 price target on Toronto-Dominion Bank and gave the stock an “outperform” rating in a research note on Thursday, May 16th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of C$84.67.
Shares of TSE:TD traded down C$1.89 during midday trading on Wednesday, reaching C$72.68. The company had a trading volume of 2,253,007 shares, compared to its average volume of 3,419,674. The company has a fifty day simple moving average of C$76.38. The company has a market capitalization of $133.78 billion and a price-to-earnings ratio of 11.75. Toronto-Dominion Bank has a 1-year low of C$65.56 and a 1-year high of C$80.05.
Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last announced its quarterly earnings data on Thursday, May 23rd. The company reported C$1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.67 by C$0.08. The business had revenue of C$10.23 billion during the quarter, compared to analysts’ expectations of C$9.68 billion. Sell-side analysts expect that Toronto-Dominion Bank will post 7.3400004 earnings per share for the current year.
In other Toronto-Dominion Bank news, Senior Officer Frank Joseph Mckenna sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of C$76.14, for a total value of C$1,522,800.00. Also, Senior Officer Riaz Ahmed sold 67,008 shares of Toronto-Dominion Bank stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of C$75.52, for a total value of C$5,060,444.16. Following the sale, the insider now directly owns 351,232 shares in the company, valued at approximately C$26,525,040.64.
About Toronto-Dominion Bank
The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. The company operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. It offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to 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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