Cormark Raises Earnings Estimates for Toronto-Dominion Bank

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) – Research analysts at Cormark upped their FY2024 EPS estimates for shares of Toronto-Dominion Bank in a report released on Monday, November 25th. Cormark analyst L. Persaud now expects that the company will post earnings per share of $7.90 for the year, up from their prior forecast of $7.89. The consensus estimate for Toronto-Dominion Bank’s current full-year earnings is $7.22 per share. Cormark also issued estimates for Toronto-Dominion Bank’s FY2026 earnings at $8.74 EPS.

A number of other analysts have also recently issued reports on TD. Canaccord Genuity Group decreased their target price on Toronto-Dominion Bank from C$91.50 to C$89.00 in a research report on Tuesday, November 19th. Bank of America increased their price objective on Toronto-Dominion Bank from C$85.00 to C$90.00 in a report on Friday, August 23rd. CIBC lowered their price objective on shares of Toronto-Dominion Bank from C$100.00 to C$96.00 in a research report on Friday, October 11th. Barclays lowered Toronto-Dominion Bank from a “hold” rating to a “strong sell” rating in a report on Thursday, November 21st. Finally, Desjardins reduced their price objective on 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. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of C$87.67.

Toronto-Dominion Bank Price Performance

TSE TD opened at C$77.81 on Tuesday. The company has a fifty day moving average of C$81.21 and a two-hundred day moving average of C$79.13. The company has a market capitalization of C$136.17 billion, a PE ratio of 18.01, a P/E/G ratio of 1.22 and a beta of 0.82. Toronto-Dominion Bank has a 1 year low of C$73.67 and a 1 year high of C$87.99.

Toronto-Dominion Bank Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 31st were given a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 5.24%. The ex-dividend date was Thursday, October 10th. Toronto-Dominion Bank’s payout ratio is 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.