Toronto-Dominion Bank (TSE:TD) Downgraded by CIBC World Markets to Neutral

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) was downgraded by equities researchers at CIBC World Markets from an “outperform” rating to a “neutral” rating in a report issued on Friday,BayStreet.CA reports. They presently have a C$136.00 price target on the stock, up from their previous price target of C$129.00. CIBC World Markets’ target price points to a potential upside of 5.21% from the company’s previous close.

A number of other analysts have also commented on TD. Jefferies Financial Group cut their price objective on shares of Toronto-Dominion Bank from C$130.00 to C$128.00 in a research report on Wednesday. Canadian Imperial Bank of Commerce lifted their price target on shares of Toronto-Dominion Bank from C$122.00 to C$129.00 and gave the company an “outperform” rating in a research note on Thursday, December 11th. Raymond James Financial increased their price objective on shares of Toronto-Dominion Bank from C$119.00 to C$122.00 and gave the stock a “market perform” rating in a research note on Friday, December 5th. Scotiabank raised their price objective on Toronto-Dominion Bank from C$125.00 to C$132.00 in a report on Friday, January 9th. Finally, Natl Bk Canada raised Toronto-Dominion Bank from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 17th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$131.15.

Toronto-Dominion Bank Trading Down 0.7%

Shares of TD stock traded down C$0.92 on Friday, hitting C$129.26. 1,847,934 shares of the stock were exchanged, compared to its average volume of 7,588,959. The firm has a market capitalization of C$216.74 billion, a P/E ratio of 11.18, a price-to-earnings-growth ratio of 1.22 and a beta of 1.00. Toronto-Dominion Bank has a fifty-two week low of C$78.06 and a fifty-two week high of C$134.50. The business has a 50-day moving average of C$129.06 and a 200 day moving average of C$116.05.

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