Toronto-Dominion Bank (TSE:TD) Cut to “Hold” at Canadian Imperial Bank of Commerce

Canadian Imperial Bank of Commerce cut shares of Toronto-Dominion Bank (TSE:TD) (NYSE:TD) from an outperform rating to a hold rating in a research note issued to investors on Friday, MarketBeat Ratings reports. Canadian Imperial Bank of Commerce currently has C$136.00 price target on the stock, up from their previous price target of C$129.00.

TD has been the subject of several other reports. Raymond James Financial boosted their price target on Toronto-Dominion Bank from C$119.00 to C$122.00 and gave the company a “market perform” rating in a research note on Friday, December 5th. Royal Bank Of Canada lifted their target price on Toronto-Dominion Bank from C$128.00 to C$133.00 and gave the stock an “outperform” rating in a report on Monday, January 5th. Natl Bk Canada raised shares of Toronto-Dominion Bank from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 17th. National Bank Financial raised shares of Toronto-Dominion Bank from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from C$124.00 to C$134.00 in a research report on Thursday, December 18th. Finally, Scotiabank lifted their price objective on shares of Toronto-Dominion Bank from C$125.00 to C$132.00 in a research note on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$131.33.

Toronto-Dominion Bank Stock Performance

Shares of TD opened at C$129.93 on Friday. The firm has a market cap of C$217.86 billion, a P/E ratio of 11.24, a price-to-earnings-growth ratio of 1.22 and a beta of 1.00. Toronto-Dominion Bank has a 52 week low of C$78.06 and a 52 week high of C$134.50. The firm’s 50-day simple moving average is C$129.22 and its 200 day simple moving average is C$116.45.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last issued its quarterly earnings data on Thursday, December 4th. The company reported C$2.18 earnings per share (EPS) for the quarter. Toronto-Dominion Bank had a net margin of 15.80% and a return on equity of 7.84%. The firm had revenue of C$16.03 billion during the quarter. As a group, equities analysts forecast that Toronto-Dominion Bank will post 7.2160149 earnings per share for the current year.

Toronto-Dominion Bank Company Profile

Toronto-Dominion is one of Canada’s two largest banks and operates three business segments: Canadian retail banking, U.S. retail banking, and wholesale banking. The bank’s U.S. operations span from Maine to Florida, with a strong presence in the Northeast. It also has a 13% ownership stake in Charles Schwab.