Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$94.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price target upped by BMO Capital Markets from C$84.00 to C$94.00 in a research note issued to investors on Monday morning,BayStreet.CA reports.

Several other research firms have also issued reports on TD. National Bank Financial upgraded Toronto-Dominion Bank from a “strong sell” rating to a “hold” rating in a report on Thursday, August 22nd. Scotiabank cut their price objective on Toronto-Dominion Bank from C$87.00 to C$86.00 in a research report on Monday, August 19th. Canaccord Genuity Group decreased their target price on Toronto-Dominion Bank from C$93.50 to C$91.50 in a report on Friday, October 11th. Jefferies Financial Group upped their price objective on shares of Toronto-Dominion Bank from C$73.00 to C$82.00 and gave the company a “hold” rating in a report on Monday, August 12th. Finally, Royal Bank of Canada cut shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from C$88.00 to C$82.00 in a report on Friday, October 11th. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$87.42.

Toronto-Dominion Bank Price Performance

Shares of TSE TD opened at C$78.87 on Monday. Toronto-Dominion Bank has a fifty-two week low of C$73.67 and a fifty-two week high of C$87.99. The firm has a market capitalization of C$138.02 billion, a P/E ratio of 18.26, a P/E/G ratio of 1.22 and a beta of 0.82. The company’s 50 day simple moving average is C$81.72 and its 200 day simple moving average is C$79.10.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last posted its earnings results on Thursday, August 22nd. The company reported C$2.05 earnings per share for the quarter, missing the consensus estimate of C$2.07 by C($0.02). Toronto-Dominion Bank had a return on equity of 7.33% and a net margin of 15.72%. The business had revenue of C$14.18 billion for the quarter, compared to the consensus estimate of C$14.12 billion. Sell-side analysts expect that Toronto-Dominion Bank will post 7.2160149 EPS for the current fiscal year.

Toronto-Dominion Bank Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 31st were paid a $1.02 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $4.08 annualized dividend and a dividend yield of 5.17%. Toronto-Dominion Bank’s dividend payout ratio is 94.44%.

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.