Toronto-Dominion Bank (TSE:TD – Free Report) (NYSE:TD) had its price target reduced by Scotiabank from C$87.00 to C$86.00 in a research report sent to investors on Monday morning, BayStreet.CA reports.
Several other analysts have also recently commented on TD. CIBC raised Toronto-Dominion Bank from a neutral rating to an outperform rating and raised their price target for the company from C$83.50 to C$88.00 in a report on Friday, May 24th. UBS Group set a C$82.00 target price on Toronto-Dominion Bank and gave the company a neutral rating in a report on Tuesday, July 2nd. Desjardins lowered their price target on shares of Toronto-Dominion Bank from C$93.00 to C$91.00 and set a buy rating on the stock in a research note on Friday, May 24th. Cibc World Mkts upgraded shares of Toronto-Dominion Bank from a hold rating to a strong-buy rating in a report on Friday, May 24th. Finally, National Bankshares decreased their price objective on shares of Toronto-Dominion Bank from C$75.00 to C$74.00 and set an underperform rating on the stock in a report on Friday, August 16th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average target price of C$86.90.
View Our Latest Report on Toronto-Dominion Bank
Toronto-Dominion Bank Stock Performance
Toronto-Dominion Bank (TSE:TD – Get Free Report) (NYSE:TD) last announced its quarterly earnings data on Thursday, May 23rd. The company reported C$2.04 EPS for the quarter, beating analysts’ consensus estimates of C$1.84 by C$0.20. Toronto-Dominion Bank had a net margin of 21.91% and a return on equity of 9.89%. The firm had revenue of C$13.82 billion during the quarter, compared to the consensus estimate of C$13.38 billion. As a group, equities analysts predict that Toronto-Dominion Bank will post 8.3985432 earnings per share for the current year.
Toronto-Dominion Bank Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 10th were given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 5.02%. The ex-dividend date was Wednesday, July 10th. Toronto-Dominion Bank’s payout ratio is 68.34%.
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.
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