Analysts Set The Toronto-Dominion Bank (TSE:TD) Price Target at C$91.02

Shares of The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) have earned an average recommendation of “Moderate Buy” from the twelve research firms that are presently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$91.02.

TD has been the topic of a number of research reports. Desjardins decreased their price objective on Toronto-Dominion Bank from C$96.00 to C$94.00 and set a “buy” rating on the stock in a report on Wednesday, February 7th. Canaccord Genuity Group raised their target price on Toronto-Dominion Bank from C$95.00 to C$96.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. Bank of America cut their target price on Toronto-Dominion Bank from C$88.00 to C$86.00 in a research note on Wednesday, February 14th. CIBC cut their target price on Toronto-Dominion Bank from C$88.00 to C$86.00 and set a “neutral” rating for the company in a research note on Friday, March 8th. Finally, Scotiabank raised Toronto-Dominion Bank from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from C$86.00 to C$93.00 in a research note on Wednesday, April 17th.

Toronto-Dominion Bank Stock Performance

Shares of TD stock opened at C$80.27 on Friday. The stock’s fifty day moving average is C$80.56 and its two-hundred day moving average is C$81.43. The firm has a market capitalization of C$142.08 billion, a P/E ratio of 12.68, a PEG ratio of 1.08 and a beta of 0.83. Toronto-Dominion Bank has a fifty-two week low of C$75.89 and a fifty-two week high of C$87.10.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last announced its quarterly earnings data on Thursday, February 29th. The company reported C$2.00 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.93 by C$0.07. The company had revenue of C$13.71 billion for the quarter, compared to analyst estimates of C$12.63 billion. Toronto-Dominion Bank had a return on equity of 10.72% and a net margin of 23.86%. On average, equities analysts forecast that Toronto-Dominion Bank will post 7.8683417 earnings per share for the current year.

Toronto-Dominion Bank Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 30th 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 5.08%. The ex-dividend date of this dividend is Monday, April 8th. Toronto-Dominion Bank’s payout ratio is 64.45%.

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.