Analysts Set The Toronto-Dominion Bank (TSE:TD) Price Target at C$87.79

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) has earned a consensus rating of “Moderate Buy” from the thirteen research firms that are currently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$87.79.

Several equities research analysts have recently weighed in on TD shares. Royal Bank of Canada decreased their target price on shares of Toronto-Dominion Bank from C$89.00 to C$88.00 and set an “outperform” rating for the company in a research note on Friday, August 23rd. CIBC lifted their target price on Toronto-Dominion Bank from C$88.00 to C$100.00 in a research note on Friday, September 6th. Desjardins dropped their target price on Toronto-Dominion Bank from C$91.00 to C$90.00 and set a “buy” rating on the stock in a report on Friday, August 23rd. Bank of America increased their price target on Toronto-Dominion Bank from C$85.00 to C$90.00 in a report on Friday, August 23rd. Finally, UBS Group set a C$82.00 price objective on shares of Toronto-Dominion Bank and gave the company a “neutral” rating in a research note on Tuesday, July 2nd.

Toronto-Dominion Bank Trading Down 1.4 %

Shares of TSE TD opened at C$86.31 on Tuesday. The stock has a market cap of C$151.04 billion, a P/E ratio of 19.98, a P/E/G ratio of 1.08 and a beta of 0.82. Toronto-Dominion Bank has a twelve month low of C$73.67 and a twelve month high of C$87.99. The stock has a 50 day moving average of C$81.06 and a two-hundred day moving average of C$79.05.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last released its quarterly earnings results on Thursday, August 22nd. The company reported C$2.05 EPS for the quarter, missing the consensus estimate of C$2.07 by C($0.02). Toronto-Dominion Bank had a net margin of 15.72% and a return on equity of 7.33%. The business had revenue of C$14.18 billion during the quarter, compared to analysts’ expectations of C$14.12 billion. As a group, research analysts predict that Toronto-Dominion Bank will post 8.2283835 earnings per share for the current year.

Toronto-Dominion Bank Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th will be given a dividend of $1.02 per share. The ex-dividend date is Thursday, October 10th. This represents a $4.08 annualized dividend and a yield of 4.73%. Toronto-Dominion Bank’s payout ratio is currently 94.44%.

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.