Toronto-Dominion Bank (TSE:TD – Free Report) (NYSE:TD) had its price objective trimmed by Cormark from C$93.00 to C$91.00 in a research note published on Friday morning, BayStreet.CA reports. Cormark also issued estimates for Toronto-Dominion Bank’s FY2025 earnings at $8.10 EPS.
Other equities research analysts have also recently issued reports about the company. National Bank Financial upgraded Toronto-Dominion Bank from a strong sell rating to a hold rating in a research report on Thursday, August 22nd. Jefferies Financial Group raised their target price on Toronto-Dominion Bank from C$73.00 to C$82.00 and gave the company a hold rating in a research report on Monday, August 12th. CIBC raised their target price on Toronto-Dominion Bank from C$88.00 to C$100.00 in a research report on Friday, September 6th. UBS Group set a C$82.00 price objective on Toronto-Dominion Bank and gave the stock a neutral rating in a report on Tuesday, July 2nd. Finally, Bank of America lifted their price objective on Toronto-Dominion Bank from C$85.00 to C$90.00 in a report on Friday, August 23rd. Six equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Toronto-Dominion Bank has an average rating of Moderate Buy and a consensus target price of C$86.65.
Read Our Latest Report on Toronto-Dominion Bank
Toronto-Dominion Bank Trading Down 4.0 %
Toronto-Dominion Bank (TSE:TD – Get Free Report) (NYSE:TD) last issued its earnings results on Thursday, August 22nd. The company reported C$2.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$2.07 by C($0.02). The firm had revenue of C$14.18 billion during the quarter, compared to analysts’ expectations 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, equities analysts predict that Toronto-Dominion Bank will post 8.2112811 earnings per share for the current fiscal year.
Toronto-Dominion Bank Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 31st will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 5.20%. The ex-dividend date is Thursday, October 10th. Toronto-Dominion Bank’s payout ratio is 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.
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