Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$94.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price target increased by BMO Capital Markets from C$84.00 to C$94.00 in a research note published on Monday,BayStreet.CA reports.

Other analysts have also issued research reports about the company. Barclays lowered their target price on Toronto-Dominion Bank from C$90.00 to C$80.00 in a report on Friday, October 11th. CIBC decreased their price objective on Toronto-Dominion Bank from C$100.00 to C$96.00 in a report on Friday, October 11th. National Bank Financial upgraded Toronto-Dominion Bank from a “strong sell” rating to a “hold” rating in a report on Thursday, August 22nd. National Bankshares upgraded Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating and increased their price objective for the company from C$74.00 to C$78.00 in a report on Friday, August 23rd. Finally, Desjardins decreased their price objective on Toronto-Dominion Bank from C$91.00 to C$90.00 and set a “buy” rating for the company in a report on Friday, August 23rd. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Toronto-Dominion Bank presently has an average rating of “Moderate Buy” and a consensus target price of C$87.23.

Toronto-Dominion Bank Stock Up 0.3 %

Shares of TSE:TD opened at C$78.23 on Monday. Toronto-Dominion Bank has a 52-week low of C$73.67 and a 52-week high of C$87.99. The stock has a market cap of C$136.90 billion, a P/E ratio of 18.11, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82. The business’s 50 day moving average is C$81.54 and its 200 day moving average is C$79.07.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last announced its quarterly earnings data on Thursday, August 22nd. The company reported C$2.05 earnings per share (EPS) for the quarter, missing the consensus estimate of C$2.07 by C($0.02). The firm had revenue of C$14.18 billion during the quarter, compared to the consensus estimate of C$14.12 billion. Toronto-Dominion Bank had a return on equity of 7.33% and a net margin of 15.72%. On average, sell-side analysts anticipate that Toronto-Dominion Bank will post 7.2160149 EPS for the current fiscal year.

Toronto-Dominion Bank Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 31st were given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 5.22%. The ex-dividend date of this dividend was Thursday, October 10th. 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.