Toronto-Dominion Bank (TSE:TD – Free Report) (NYSE:TD) had its price target reduced by Jefferies Financial Group from C$82.00 to C$74.00 in a report issued on Monday, BayStreet.CA reports. They currently have a hold rating on the stock.
Several other equities research analysts also recently issued reports on TD. BMO Capital Markets increased their target price on Toronto-Dominion Bank from C$81.00 to C$86.00 in a research report on Friday, April 5th. Canaccord Genuity Group lifted their price target on Toronto-Dominion Bank from C$95.00 to C$96.00 and gave the stock a buy rating in a research note on Friday, March 1st. Scotiabank upgraded shares of Toronto-Dominion Bank from a sector perform rating to an outperform rating and raised their price objective for the stock from C$86.00 to C$93.00 in a report on Wednesday, April 17th. Desjardins lowered their price target on Toronto-Dominion Bank from C$104.00 to C$93.00 and set a buy rating for the company in a research report on Monday. Finally, CIBC reduced their price objective on shares of Toronto-Dominion Bank from C$88.00 to C$86.00 and set a neutral rating for the company in a research note on Friday, March 8th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of C$89.23.
View Our Latest Research Report on TD
Toronto-Dominion Bank Stock Down 0.2 %
Toronto-Dominion Bank (TSE:TD – Get Free Report) (NYSE:TD) last announced its quarterly earnings results on Thursday, February 29th. The company reported C$2.00 EPS for the quarter, beating analysts’ consensus estimates of C$1.93 by C$0.07. The company had revenue of C$13.71 billion during the quarter, compared to analysts’ expectations of C$12.63 billion. Toronto-Dominion Bank had a return on equity of 10.72% and a net margin of 23.86%. Sell-side analysts anticipate that Toronto-Dominion Bank will post 7.8654048 EPS for the current fiscal year.
Toronto-Dominion Bank Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 30th were given a dividend of $1.02 per share. The ex-dividend date of this dividend was Monday, April 8th. This represents a $4.08 annualized dividend and a dividend yield of 5.32%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 64.45%.
Toronto-Dominion Bank Company Profile
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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