Canaccord Genuity Group Issues Positive Forecast for Toronto-Dominion Bank (TSE:TD) Stock Price

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective boosted by Canaccord Genuity Group from C$158.00 to C$169.00 in a research note published on Friday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Other research analysts also recently issued reports about the stock. Desjardins raised their price objective on shares of Toronto-Dominion Bank from C$145.00 to C$154.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Barclays increased their target price on shares of Toronto-Dominion Bank from C$135.00 to C$140.00 and gave the stock an “underweight” rating in a research note on Friday. BMO Capital Markets boosted their price target on Toronto-Dominion Bank from C$135.00 to C$144.00 and gave the company an “outperform” rating in a research report on Friday, February 27th. Royal Bank Of Canada reduced their price objective on Toronto-Dominion Bank from C$148.00 to C$138.00 and set an “outperform” rating for the company in a research note on Wednesday, March 25th. Finally, Scotiabank raised Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the stock from C$142.00 to C$150.00 in a research report on Monday, May 4th. Seven investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Toronto-Dominion Bank presently has a consensus rating of “Moderate Buy” and a consensus price target of C$148.50.

Toronto-Dominion Bank Price Performance

Shares of TSE TD opened at C$157.75 on Friday. The company has a market capitalization of C$263.26 billion, a price-to-earnings ratio of 12.77, a price-to-earnings-growth ratio of 1.22 and a beta of 0.92. The business has a 50-day moving average of C$142.06 and a two-hundred day moving average of C$132.25. Toronto-Dominion Bank has a 1 year low of C$94.05 and a 1 year high of C$157.75.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last issued its earnings results on Thursday, May 28th. The company reported C$2.38 earnings per share (EPS) for the quarter. Toronto-Dominion Bank had a net margin of 13.24% and a return on equity of 11.85%. The business had revenue of C$16.04 billion during the quarter. As a group, equities research analysts expect that Toronto-Dominion Bank will post 7.2160149 earnings per share for the current year.

Toronto-Dominion Bank Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Thursday, April 30th were given a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Thursday, April 9th. Toronto-Dominion Bank’s dividend payout ratio is currently 34.25%.

More Toronto-Dominion Bank News

Here are the key news stories impacting Toronto-Dominion Bank this week:

• Positive Sentiment: Toronto-Dominion Bank beat quarterly earnings expectations, reporting C$2.38 EPS on revenue of C$16.04 billion, which helped reinforce confidence in the bank’s earnings power. TD beats analysts’ earnings expectations, hikes dividend
• Positive Sentiment: The company also raised its dividend, a sign management has increasing confidence in cash generation and capital strength. TD beats analysts’ earnings expectations, hikes dividend
• Positive Sentiment: Results from Canadian banking, capital markets, and wealth management were strong, with reports noting a record quarter for wealth and improved activity in capital markets amid volatile conditions. TD’s Earnings Beat Caps Off Strong Quarter for Canadian Banks
• Positive Sentiment: Multiple brokerages raised their price targets, including Desjardins to C$160, National Bank Financial to C$162, Canaccord to C$169, and Raymond James to C$155, signaling improving analyst sentiment around TD’s outlook.
• Neutral Sentiment: Canadian Imperial Bank of Commerce raised its target to C$164 but kept a neutral rating, suggesting the stock may be fairly valued after the rally.
• Negative Sentiment: Barclays remained cautious with an underweight rating, even while lifting its target to C$140, highlighting that not all analysts see upside at current levels.

About Toronto-Dominion Bank

TD Asset Management Inc (‘TDAM’), a member of TD Bank Group, is a Canadian investment management firm with a growing global presence. Bringing together three decades of investment experience, our broad selection of strategies and solutions includes fundamental equities, quantitative and passive equities, fixed income across the credit quality spectrum and alternatives, such as private credit, infrastructure and real estate. TDAM offers institutional investment solutions to corporations, pension funds, endowments and foundations, sovereign wealth funds and superannuation funds, among others.