Toronto-Dominion Bank (TSE:TD) Given New C$83.50 Price Target at CIBC

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price target cut by CIBC from C$86.00 to C$83.50 in a research note published on Monday, BayStreet.CA reports. They currently have a neutral rating on the stock.

A number of other analysts have also recently weighed in on the company. National Bankshares dropped their price target on Toronto-Dominion Bank from C$92.00 to C$84.00 and set a sector perform rating on the stock in a research report on Friday. Canaccord Genuity Group upped their price target on shares of Toronto-Dominion Bank from C$95.00 to C$96.00 and gave the stock a buy rating in a research report on Friday, March 1st. Jefferies Financial Group cut their price objective on shares of Toronto-Dominion Bank from C$82.00 to C$74.00 and set a hold rating on the stock in a research report on Monday. BMO Capital Markets raised their price target on shares of Toronto-Dominion Bank from C$81.00 to C$86.00 in a research note on Friday, April 5th. Finally, Desjardins decreased their price objective on Toronto-Dominion Bank from C$104.00 to C$93.00 and set a buy rating for the company in a report on Monday. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of C$89.23.

Toronto-Dominion Bank Price Performance

TSE:TD opened at C$75.13 on Monday. Toronto-Dominion Bank has a 12 month low of C$73.98 and a 12 month high of C$87.10. The business’s 50-day moving average is C$80.38 and its two-hundred day moving average is C$81.35. The firm has a market capitalization of C$132.98 billion, a PE ratio of 11.87, a price-to-earnings-growth ratio of 1.08 and a beta of 0.83.

Toronto-Dominion Bank (TSE:TD) (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. Toronto-Dominion Bank had a return on equity of 10.72% and a net margin of 23.86%. The company had revenue of C$13.71 billion during the quarter, compared to analysts’ expectations of C$12.63 billion. Equities analysts anticipate that Toronto-Dominion Bank will post 7.8654048 EPS for the current year.

Toronto-Dominion Bank Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Tuesday, April 30th were issued a $1.02 dividend. The ex-dividend date of this dividend was Monday, April 8th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 5.43%. Toronto-Dominion Bank’s payout ratio is currently 64.45%.

About Toronto-Dominion Bank

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.