Toronto-Dominion Bank (TSE:TD) PT Lowered to C$91.50 at Canaccord Genuity Group

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective cut by Canaccord Genuity Group from C$93.50 to C$91.50 in a research note published on Friday, BayStreet.CA reports.

Several other analysts have also recently commented on TD. UBS Group set a C$82.00 target price on Toronto-Dominion Bank and gave the stock a neutral rating in a report on Tuesday, July 2nd. Royal Bank of Canada cut Toronto-Dominion Bank from an outperform rating to a sector perform rating and decreased their target price for the stock from C$88.00 to C$82.00 in a report on Friday. Cormark decreased their target price on Toronto-Dominion Bank from C$93.00 to C$91.00 in a report on Friday. Scotiabank cut their price target on Toronto-Dominion Bank from C$87.00 to C$86.00 in a research note on Monday, August 19th. Finally, Bank of America upped their price target on Toronto-Dominion Bank from C$85.00 to C$90.00 in a research note on Friday, August 23rd. Six investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and an average target price of C$86.65.

Toronto-Dominion Bank Trading Down 4.0 %

TD opened at C$78.48 on Friday. The stock has a market cap of C$137.34 billion, a PE ratio of 18.17, a P/E/G ratio of 1.08 and a beta of 0.82. Toronto-Dominion Bank has a 1 year low of C$73.67 and a 1 year high of C$87.99. The stock’s 50 day simple moving average is C$82.47 and its 200-day simple moving average is C$79.42.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last announced its quarterly earnings results on Thursday, August 22nd. The company reported C$2.05 earnings per share for the quarter, missing analysts’ consensus estimates of C$2.07 by C($0.02). Toronto-Dominion Bank had a net margin of 15.72% and a return on equity of 7.33%. The company had revenue of C$14.18 billion during the quarter, compared to the consensus estimate of C$14.12 billion. Equities analysts forecast that Toronto-Dominion Bank will post 8.2112811 earnings per share for the current fiscal year.

Toronto-Dominion Bank Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 31st will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 5.20%. The ex-dividend date of this dividend is Thursday, October 10th. Toronto-Dominion Bank’s dividend payout ratio is currently 94.44%.

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.