Toronto-Dominion Bank (TSE:TD) PT Lowered to C$93.00 at Desjardins

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its target price reduced by equities research analysts at Desjardins from C$104.00 to C$93.00 in a report issued on Monday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ price target would suggest a potential upside of 22.42% from the stock’s current price.

Several other analysts have also issued reports on TD. Canaccord Genuity Group increased their price target on Toronto-Dominion Bank from C$95.00 to C$96.00 and gave the company a “buy” rating in a research report on Friday, March 1st. National Bankshares decreased their target price on shares of Toronto-Dominion Bank from C$92.00 to C$84.00 and set a “sector perform” rating for the company in a research note on Friday, May 3rd. CIBC dropped their price target on shares of Toronto-Dominion Bank from C$88.00 to C$86.00 and set a “neutral” rating on the stock in a research report on Friday, March 8th. Scotiabank raised shares of Toronto-Dominion Bank from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from C$86.00 to C$93.00 in a research report on Wednesday, April 17th. Finally, Bank of America dropped their target price on shares of Toronto-Dominion Bank from C$88.00 to C$86.00 in a report on Wednesday, February 14th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$89.23.

Toronto-Dominion Bank Stock Up 1.1 %

Shares of TD opened at C$75.97 on Monday. Toronto-Dominion Bank has a twelve month low of C$73.98 and a twelve month high of C$87.10. The stock has a market capitalization of C$134.47 billion, a P/E ratio of 12.00, a P/E/G ratio of 1.08 and a beta of 0.83. The company has a 50 day moving average of C$80.29 and a 200-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 analysts’ consensus estimates of C$1.93 by C$0.07. Toronto-Dominion Bank had a net margin of 23.86% and a return on equity of 10.72%. The business had revenue of C$13.71 billion during the quarter, compared to the consensus estimate of C$12.63 billion. On average, sell-side analysts anticipate that Toronto-Dominion Bank will post 7.8654048 earnings per share for the current fiscal year.

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.