Toronto-Dominion Bank (TD) Price Target Cut to C$82.00 by Analysts at Canaccord Genuity

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Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its target price dropped by Canaccord Genuity from C$84.00 to C$82.00 in a research note issued on Wednesday, BayStreet.CA reports. Canaccord Genuity’s target price would suggest a potential upside of 11.10% from the company’s previous close.

A number of other equities analysts have also recently weighed in on the company. Desjardins boosted their price target on Toronto-Dominion Bank from C$82.00 to C$83.00 in a report on Tuesday. National Bank Financial lowered their price objective on Toronto-Dominion Bank from C$85.00 to C$83.00 and set an “outperform” rating for the company in a research report on Friday, March 1st. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of C$85.17.

Shares of TSE TD traded down C$0.15 during trading on Wednesday, reaching C$73.81. The company had a trading volume of 1,270,075 shares, compared to its average volume of 3,667,283. Toronto-Dominion Bank has a twelve month low of C$65.56 and a twelve month high of C$80.05. The stock has a market cap of $135.01 billion and a price-to-earnings ratio of 12.22.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last released its quarterly earnings results on Thursday, February 28th. The company reported C$1.57 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$1.73 by C($0.16). The firm had revenue of C$10 billion during the quarter, compared to the consensus estimate of C$9.67 billion. As a group, analysts forecast that Toronto-Dominion Bank will post 7.36999967313307 EPS for the current fiscal year.

About Toronto-Dominion Bank

The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. The company operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. It offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; financing options to customers at point of sale for automotive and recreational vehicle purchases through auto dealer network; credit cards; investing, advice-based, and asset management services to retail and institutional clients; and property and casualty insurance, as well as life and health insurance products.

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Analyst Recommendations for Toronto-Dominion Bank (TSE:TD)

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