Toronto-Dominion Bank (TSE:TD) PT Lowered to C$80.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its target price lowered by equities research analysts at Barclays from C$90.00 to C$80.00 in a report issued on Friday, BayStreet.CA reports. Barclays‘s price target would indicate a potential upside of 1.59% from the stock’s current price.

Other equities analysts also recently issued research reports about the stock. Desjardins lowered their target price on shares of Toronto-Dominion Bank from C$91.00 to C$90.00 and set a “buy” rating for the company in a research note on Friday, August 23rd. Royal Bank of Canada downgraded Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from C$88.00 to C$82.00 in a report on Friday. Canaccord Genuity Group dropped their price objective on Toronto-Dominion Bank from C$93.50 to C$91.50 in a research note on Friday. National Bank Financial raised Toronto-Dominion Bank from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 22nd. Finally, Scotiabank lowered their target price on Toronto-Dominion Bank from C$87.00 to C$86.00 in a report on Monday, August 19th. Six research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$86.65.

Toronto-Dominion Bank Stock Down 3.7 %

Shares of TSE TD traded down C$3.01 during trading on Friday, reaching C$78.75. The company had a trading volume of 11,782,167 shares, compared to its average volume of 7,367,702. The stock has a market cap of C$137.81 billion, a P/E ratio of 18.23, a PEG ratio of 1.08 and a beta of 0.82. The company’s fifty day moving average price is C$82.47 and its 200-day moving average price is C$79.47. Toronto-Dominion Bank has a 12 month low of C$73.67 and a 12 month high of C$87.99.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last released its earnings results on Thursday, August 22nd. The company reported C$2.05 earnings per share for the quarter, missing analysts’ consensus estimates of C$2.07 by C($0.02). The firm had revenue of C$14.18 billion for the quarter, compared to analyst estimates of C$14.12 billion. Toronto-Dominion Bank had a net margin of 15.72% and a return on equity of 7.33%. As a group, equities analysts predict that Toronto-Dominion Bank will post 8.2112811 earnings per share for the current year.

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.