Toronto-Dominion Bank (TSE:TD) Price Target Cut to C$83.50

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price target reduced by stock analysts at CIBC from C$86.00 to C$83.50 in a research note issued to investors on Monday, BayStreet.CA reports. The firm presently has a “neutral” rating on the stock. CIBC’s price target would suggest a potential upside of 9.91% from the company’s previous close.

Several other research firms have also weighed in on TD. Scotiabank upgraded shares of Toronto-Dominion Bank from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from C$86.00 to C$93.00 in a report on Wednesday, April 17th. Desjardins lowered their price target on Toronto-Dominion Bank from C$104.00 to C$93.00 and set a “buy” rating for the company in a report on Monday. Jefferies Financial Group decreased their price objective on Toronto-Dominion Bank from C$82.00 to C$74.00 and set a “hold” rating for the company in a research report on Monday. Canaccord Genuity Group lifted their price target on shares of Toronto-Dominion Bank from C$95.00 to C$96.00 and gave the company a “buy” rating in a research note on Friday, March 1st. Finally, BMO Capital Markets increased their price objective on shares of Toronto-Dominion Bank from C$81.00 to C$86.00 in a research report on Friday, April 5th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Toronto-Dominion Bank currently has a consensus rating of “Moderate Buy” and a consensus target price of C$89.23.

Toronto-Dominion Bank Stock Performance

Shares of Toronto-Dominion Bank stock opened at C$75.97 on Monday. Toronto-Dominion Bank has a 52 week low of C$73.98 and a 52 week high of C$87.10. The stock has a market capitalization of C$134.47 billion, a price-to-earnings ratio of 12.00, a PEG ratio of 1.08 and a beta of 0.83. The firm has a fifty day moving average of C$80.29 and a two-hundred day moving average of C$81.34.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last released its earnings results on Thursday, February 29th. The company reported C$2.00 earnings per share for the quarter, beating the consensus estimate of C$1.93 by C$0.07. The firm 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%. As a group, research analysts forecast that Toronto-Dominion Bank will post 7.8654048 EPS for the current fiscal year.

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.