Toronto-Dominion Bank (TSE:TD – Free Report) (NYSE:TD) had its price target cut by National Bankshares from C$92.00 to C$84.00 in a research note released on Friday morning, BayStreet.CA reports. They currently have a sector perform rating on the stock.
Several other research analysts also recently weighed in on the stock. Scotiabank raised shares of Toronto-Dominion Bank from a sector perform rating to an outperform rating and lifted their target price for the stock from C$86.00 to C$93.00 in a research report on Wednesday, April 17th. Desjardins cut 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. Bank of America decreased their target price on Toronto-Dominion Bank from C$88.00 to C$86.00 in a research report on Wednesday, February 14th. Canaccord Genuity Group upped their price target on 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. Finally, BMO Capital Markets raised their price objective on Toronto-Dominion Bank from C$81.00 to C$86.00 in a research report on Friday, April 5th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of C$90.48.
Read Our Latest Stock Analysis on TD
Toronto-Dominion Bank Trading Down 5.8 %
Toronto-Dominion Bank (TSE:TD – Get Free Report) (NYSE:TD) last released its earnings results 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. The firm had revenue of C$13.71 billion for the quarter, compared to analysts’ expectations of C$12.63 billion. Toronto-Dominion Bank had a net margin of 23.86% and a return on equity of 10.72%. Sell-side analysts forecast that Toronto-Dominion Bank will post 7.8654048 earnings per share for the current fiscal year.
Toronto-Dominion Bank Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 30th were paid a dividend of $1.02 per share. The ex-dividend date was Monday, April 8th. This represents a $4.08 dividend on an annualized basis and a yield of 5.45%. 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.
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