Toronto-Dominion Bank (TSE:TD) PT Lowered to C$74.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price target dropped by analysts at Jefferies Financial Group from C$82.00 to C$74.00 in a research report issued to clients and investors on Monday, BayStreet.CA reports. The firm presently has a “hold” rating on the stock. Jefferies Financial Group’s price objective indicates a potential downside of 2.59% from the company’s current price.

TD has been the topic of several other research reports. CIBC dropped their price objective on Toronto-Dominion Bank from C$88.00 to C$86.00 and set a “neutral” rating on the stock in a report on Friday, March 8th. Bank of America cut their target price on shares of Toronto-Dominion Bank from C$88.00 to C$86.00 in a report on Wednesday, February 14th. Scotiabank raised shares of Toronto-Dominion Bank from a “sector perform” rating to an “outperform” rating and upped their target price for the company from C$86.00 to C$93.00 in a report on Wednesday, April 17th. Desjardins dropped their price target on Toronto-Dominion Bank from C$104.00 to C$93.00 and set a “buy” rating on the stock in a research report on Monday. Finally, National Bankshares decreased their price objective on Toronto-Dominion Bank from C$92.00 to C$84.00 and set a “sector perform” rating for the company in a research report on Friday, May 3rd. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$89.23.

Toronto-Dominion Bank Trading Up 1.1 %

Toronto-Dominion Bank stock opened at C$75.97 on Monday. The stock has a market cap of C$134.47 billion, a P/E ratio of 12.00, a price-to-earnings-growth ratio of 1.08 and a beta of 0.83. The company has a fifty day simple moving average of C$80.29 and a 200-day simple moving average of C$81.34. Toronto-Dominion Bank has a 12-month low of C$73.98 and a 12-month high of C$87.10.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last released its quarterly earnings data on Thursday, February 29th. The company reported C$2.00 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.93 by C$0.07. The company 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%. As a group, sell-side analysts forecast that Toronto-Dominion Bank will post 7.8654048 earnings per share for the current fiscal year.

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.