Barclays Cuts Toronto-Dominion Bank (TSE:TD) Price Target to C$102.00

Toronto-Dominion Bank (TSE:TDGet Rating) (NYSE:TD) had its price target reduced by Barclays from C$111.00 to C$102.00 in a report published on Wednesday, Marketbeat.com reports. They currently have an overweight rating on the stock.

Other research analysts have also issued research reports about the company. National Bankshares lowered Toronto-Dominion Bank from an outperform rating to a sector perform rating and dropped their target price for the company from C$110.00 to C$100.00 in a report on Monday, March 7th. CIBC lowered Toronto-Dominion Bank from an outperform rating to a neutral rating and dropped their target price for the company from C$115.00 to C$103.00 in a report on Monday, April 11th. Royal Bank of Canada boosted their target price on Toronto-Dominion Bank from C$104.00 to C$113.00 and gave the company a sector perform rating in a report on Friday, March 4th. National Bank Financial lowered Toronto-Dominion Bank from an outperform market weight rating to a sector perform market weight rating in a report on Sunday, March 6th. Finally, Canaccord Genuity Group dropped their price objective on Toronto-Dominion Bank from C$110.50 to C$106.00 in a report on Friday, March 4th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of Hold and an average target price of C$101.10.

TD opened at C$91.92 on Wednesday. The firm has a market cap of C$166.71 billion and a price-to-earnings ratio of 11.53. Toronto-Dominion Bank has a 52 week low of C$80.68 and a 52 week high of C$109.08. The business’s 50 day moving average is C$96.73 and its two-hundred day moving average is C$97.68.

Toronto-Dominion Bank (TSE:TDGet Rating) (NYSE:TD) last released its quarterly earnings results on Thursday, March 3rd. The company reported C$2.08 EPS for the quarter, topping the consensus estimate of C$2.01 by C$0.07. The firm had revenue of C$11.28 billion for the quarter. On average, sell-side analysts predict that Toronto-Dominion Bank will post 7.6299999 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Saturday, April 30th. Investors of record on Friday, April 8th were given a dividend of $0.89 per share. The ex-dividend date was Thursday, April 7th. This represents a $3.56 annualized dividend and a yield of 3.87%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 40.90%.

About Toronto-Dominion Bank (Get Rating)

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. 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.

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