Toronto-Dominion Bank (TSE:TD) Given New C$93.00 Price Target at Desjardins

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective lowered by Desjardins from C$104.00 to C$93.00 in a report issued on Monday morning, BayStreet.CA reports. The firm currently has a buy rating on the stock.

A number of other brokerages have also commented on TD. National Bankshares decreased their price objective on Toronto-Dominion Bank from C$92.00 to C$84.00 and set a sector perform rating for the company in a report on Friday. Bank of America lowered their price target on Toronto-Dominion Bank from C$88.00 to C$86.00 in a research report on Wednesday, February 14th. CIBC cut their price objective on shares of Toronto-Dominion Bank from C$88.00 to C$86.00 and set a neutral rating on the stock in a report on Friday, March 8th. BMO Capital Markets boosted their price target on shares of Toronto-Dominion Bank from C$81.00 to C$86.00 in a report on Friday, April 5th. Finally, Scotiabank upgraded shares of Toronto-Dominion Bank from a sector perform rating to an outperform rating and increased their price objective for the company from C$86.00 to C$93.00 in a research note on Wednesday, April 17th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of C$89.23.

Toronto-Dominion Bank Stock Up 0.4 %

Shares of TSE:TD opened at C$75.13 on Monday. Toronto-Dominion Bank has a twelve month low of C$73.98 and a twelve month high of C$87.10. The stock’s 50 day moving average is C$80.38 and its 200-day moving average is C$81.35. The firm has a market capitalization of C$132.98 billion, a price-to-earnings ratio of 11.87, a PEG ratio of 1.08 and a beta of 0.83.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last announced its quarterly earnings results on Thursday, February 29th. The company reported C$2.00 EPS for the quarter, beating analysts’ consensus estimates of C$1.93 by C$0.07. The business had revenue of C$13.71 billion during the quarter, compared to analyst estimates of C$12.63 billion. Toronto-Dominion Bank had a net margin of 23.86% and a return on equity of 10.72%. Equities research analysts anticipate that Toronto-Dominion Bank will post 7.8654048 earnings per share for the current fiscal year.

Toronto-Dominion Bank Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Tuesday, April 30th were paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 5.43%. The ex-dividend date was Monday, April 8th. Toronto-Dominion Bank’s dividend payout ratio is currently 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.