Toronto-Dominion Bank (TSE:TD – Free Report) (NYSE:TD) had its price objective upped by Bank of America from C$85.00 to C$90.00 in a report issued on Friday morning, BayStreet.CA reports.
Other equities analysts also recently issued research reports about the stock. Canaccord Genuity Group boosted their target price on shares of Toronto-Dominion Bank from C$91.00 to C$93.50 and gave the stock a buy rating in a research note on Friday, May 24th. UBS Group set a C$82.00 price objective on Toronto-Dominion Bank and gave the stock a neutral rating in a research report on Tuesday, July 2nd. National Bankshares raised Toronto-Dominion Bank from an underperform rating to a sector perform rating and raised their target price for the stock from C$74.00 to C$78.00 in a research report on Friday. BMO Capital Markets lowered their price target on Toronto-Dominion Bank from C$86.00 to C$84.00 and set a market perform rating for the company in a report on Friday, May 24th. Finally, Desjardins cut their price objective on shares of Toronto-Dominion Bank from C$91.00 to C$90.00 and set a buy rating on the stock in a report on Friday. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Toronto-Dominion Bank has a consensus rating of Moderate Buy and an average price target of C$87.27.
Get Our Latest Research Report on Toronto-Dominion Bank
Toronto-Dominion Bank Trading Up 0.7 %
Toronto-Dominion Bank (TSE:TD – Get Free Report) (NYSE:TD) last issued its quarterly earnings results on Thursday, May 23rd. The company reported C$2.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.84 by C$0.20. Toronto-Dominion Bank had a net margin of 21.91% and a return on equity of 9.89%. The company had revenue of C$13.82 billion during the quarter, compared to the consensus estimate of C$13.38 billion. Equities analysts forecast that Toronto-Dominion Bank will post 8.3985432 EPS for the current year.
Toronto-Dominion Bank Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th will be issued a $1.02 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 5.09%. Toronto-Dominion Bank’s payout ratio is 68.34%.
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.
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