Toronto-Dominion Bank (TSE:TD) PT Lowered to C$96.00 at CIBC

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price target lowered by CIBC from C$100.00 to C$96.00 in a research report sent to investors on Friday, BayStreet.CA reports.

Other equities research analysts have also recently issued reports about the stock. Bank of America boosted their price objective on shares of Toronto-Dominion Bank from C$85.00 to C$90.00 in a research report on Friday, August 23rd. Cormark reduced their price objective on shares of Toronto-Dominion Bank from C$93.00 to C$91.00 in a research note on Friday. Scotiabank cut their price target on shares of Toronto-Dominion Bank from C$87.00 to C$86.00 in a research note on Monday, August 19th. UBS Group set a C$82.00 price objective on shares of Toronto-Dominion Bank and gave the company a neutral rating in a report on Tuesday, July 2nd. Finally, National Bankshares raised shares of Toronto-Dominion Bank from an underperform rating to a sector perform rating and increased their price target for the stock from C$74.00 to C$78.00 in a report on Friday, August 23rd. Six research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus target price of C$86.65.

Toronto-Dominion Bank Price Performance

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

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last announced its 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 business had revenue of C$14.18 billion for the quarter, compared to the consensus estimate of C$14.12 billion. On average, equities research analysts expect that Toronto-Dominion Bank will post 8.2112811 earnings per share for the current fiscal year.

Toronto-Dominion Bank Dividend Announcement

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

About Toronto-Dominion Bank

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.