Scotiabank upgraded shares of Toronto-Dominion Bank (TSE:TD – Free Report) (NYSE:TD) from a sector perform rating to an outperform rating in a report issued on Wednesday, BayStreet.CA reports. They currently have C$93.00 price target on the stock, up from their prior price target of C$86.00.
Several other research analysts also recently commented on the stock. Canaccord Genuity Group boosted their price objective on shares of Toronto-Dominion Bank from C$95.00 to C$96.00 and gave the company a buy rating in a research report on Friday, March 1st. Bank of America decreased their target price on shares of Toronto-Dominion Bank from C$88.00 to C$86.00 in a research note on Wednesday, February 14th. National Bankshares boosted their target price on shares of Toronto-Dominion Bank from C$86.00 to C$92.00 and gave the stock a sector perform rating in a research note on Wednesday, December 20th. BMO Capital Markets boosted their target price on shares of Toronto-Dominion Bank from C$81.00 to C$86.00 in a research note on Friday, April 5th. Finally, Desjardins decreased their target price on shares of Toronto-Dominion Bank from C$96.00 to C$94.00 and set a buy rating on the stock in a research note on Wednesday, February 7th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of C$91.02.
Read Our Latest Stock Report on TD
Toronto-Dominion Bank Trading Up 0.9 %
Toronto-Dominion Bank (TSE:TD – Get Free Report) (NYSE:TD) last announced its quarterly earnings data on Thursday, February 29th. The company reported C$2.00 EPS for the quarter, beating the consensus estimate of C$1.93 by C$0.07. Toronto-Dominion Bank had a net margin of 23.86% and a return on equity of 10.72%. The business had revenue of C$13.71 billion during the quarter, compared to the consensus estimate of C$12.63 billion. On average, equities research analysts forecast that Toronto-Dominion Bank will post 7.8683417 earnings per share for the current year.
Toronto-Dominion Bank Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 30th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Monday, April 8th. This represents a $4.08 annualized dividend and a dividend yield of 5.21%. Toronto-Dominion Bank’s dividend payout ratio is 64.45%.
Toronto-Dominion Bank Company Profile
The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.
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