Toronto-Dominion Bank (TD) PT Lowered to C$82.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective decreased by Canaccord Genuity from C$84.00 to C$82.00 in a report issued on Wednesday morning, BayStreet.CA reports.

A number of other analysts also recently weighed in on TD. Desjardins raised their price target on shares of Toronto-Dominion Bank from C$82.00 to C$83.00 in a research report on Tuesday. National Bank Financial decreased their price objective on shares of Toronto-Dominion Bank from C$85.00 to C$83.00 and set an outperform rating for the company in a report on Friday, March 1st. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of C$85.17.

Shares of TD stock traded up C$0.26 during mid-day trading on Wednesday, reaching C$74.24. 386,260 shares of the company were exchanged, compared to its average volume of 3,640,663. Toronto-Dominion Bank has a fifty-two week low of C$65.56 and a fifty-two week high of C$80.05. The company has a market capitalization of $136.07 billion and a P/E ratio of 12.30.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last released its quarterly earnings results on Thursday, February 28th. The company reported C$1.57 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.73 by C($0.16). The firm had revenue of C$10 billion for the quarter, compared to analyst estimates of C$9.67 billion. On average, research analysts forecast that Toronto-Dominion Bank will post 7.36999967313307 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Wednesday, April 10th were issued a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date of this dividend was Tuesday, April 9th. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.67. Toronto-Dominion Bank’s payout ratio is currently 44.36%.

About 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. The company operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. It offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; financing options to customers at point of sale for automotive and recreational vehicle purchases through auto dealer network; credit cards; investing, advice-based, and asset management services to retail and institutional clients; and property and casualty insurance, as well as life and health insurance products.

Read More: What are the benefits of a balanced fund?

Analyst Recommendations for Toronto-Dominion Bank (TSE:TD)

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