The Toronto-Dominion Bank (NYSE:TD) PT Raised to C$87.00 at Credit Suisse Group

The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) had its price target boosted by Credit Suisse Group from C$85.00 to C$87.00 in a report released on Monday, The Fly reports. The brokerage currently has an underperform rating on the bank’s stock.

Other equities analysts have also issued reports about the stock. Canaccord Genuity raised their target price on shares of The Toronto-Dominion Bank from $83.00 to $86.50 and gave the stock a hold rating in a research report on Wednesday, April 21st. Royal Bank of Canada raised their target price on shares of The Toronto-Dominion Bank from C$82.00 to C$91.00 and gave the stock a sector perform rating in a research report on Friday, May 28th. Scotiabank raised their target price on shares of The Toronto-Dominion Bank from C$91.00 to C$95.00 and gave the stock a sector perform rating in a research report on Thursday, May 20th. National Bank Financial lowered shares of The Toronto-Dominion Bank from an outperform market weight rating to a sector perform market weight rating in a research report on Thursday, February 18th. Finally, Zacks Investment Research raised shares of The Toronto-Dominion Bank from a hold rating to a buy rating and set a $81.00 target price on the stock in a research report on Tuesday, May 18th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. The Toronto-Dominion Bank presently has a consensus rating of Hold and an average price target of $83.95.

The Toronto-Dominion Bank stock opened at $71.99 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.93 and a quick ratio of 0.93. The Toronto-Dominion Bank has a 1-year low of $42.90 and a 1-year high of $73.85. The stock has a market cap of $131.05 billion, a price-to-earnings ratio of 14.46, a P/E/G ratio of 1.08 and a beta of 1.05. The stock has a 50-day moving average price of $69.72.

The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last posted its quarterly earnings data on Wednesday, May 26th. The bank reported $2.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.39 by $0.65. The Toronto-Dominion Bank had a net margin of 23.82% and a return on equity of 11.78%. The company had revenue of $10.23 billion for the quarter, compared to analyst estimates of $9.80 billion. During the same period in the prior year, the company posted $0.85 EPS. The firm’s revenue for the quarter was down 2.8% on a year-over-year basis. On average, equities analysts predict that The Toronto-Dominion Bank will post 5.82 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, July 31st. Investors of record on Friday, July 9th will be issued a dividend of $0.6521 per share. This represents a $2.61 annualized dividend and a yield of 3.62%. This is a positive change from The Toronto-Dominion Bank’s previous quarterly dividend of $0.63. The ex-dividend date is Thursday, July 8th. The Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 62.16%.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Advisor Partners LLC boosted its stake in The Toronto-Dominion Bank by 5.4% in the first quarter. Advisor Partners LLC now owns 25,553 shares of the bank’s stock valued at $1,666,000 after acquiring an additional 1,306 shares in the last quarter. Schroder Investment Management Group boosted its stake in The Toronto-Dominion Bank by 6.5% in the first quarter. Schroder Investment Management Group now owns 7,296,237 shares of the bank’s stock valued at $598,000,000 after acquiring an additional 444,241 shares in the last quarter. Sargent Bickham Lagudis LLC boosted its stake in The Toronto-Dominion Bank by 11.0% in the first quarter. Sargent Bickham Lagudis LLC now owns 4,770 shares of the bank’s stock valued at $311,000 after acquiring an additional 473 shares in the last quarter. Kingsview Wealth Management LLC boosted its stake in The Toronto-Dominion Bank by 2.8% in the first quarter. Kingsview Wealth Management LLC now owns 12,472 shares of the bank’s stock valued at $820,000 after acquiring an additional 339 shares in the last quarter. Finally, Pendal Group Limited boosted its stake in The Toronto-Dominion Bank by 75.3% in the first quarter. Pendal Group Limited now owns 169,796 shares of the bank’s stock valued at $11,073,000 after acquiring an additional 72,914 shares in the last quarter. Institutional investors own 51.21% of the company’s stock.

About The Toronto-Dominion Bank

The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. It operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The company offers personal deposits, such as chequing, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; and financing options to customers at point of sale for automotive and recreational vehicle purchases through auto dealer network.

Recommended Story: Why investors pay attention to retained earnings

The Fly logo

Analyst Recommendations for The Toronto-Dominion Bank (NYSE:TD)

Receive News & Ratings for The Toronto-Dominion Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Toronto-Dominion Bank and related companies with MarketBeat.com's FREE daily email newsletter.