Cormark Research Analysts Cut Earnings Estimates for TSE:TD

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) – Investment analysts at Cormark cut their FY2025 EPS estimates for shares of Toronto-Dominion Bank in a report issued on Friday, February 21st. Cormark analyst L. Persaud now anticipates that the company will post earnings of $7.76 per share for the year, down from their previous estimate of $7.91. The consensus estimate for Toronto-Dominion Bank’s current full-year earnings is $7.22 per share.

A number of other research analysts also recently issued reports on the company. CIBC increased their price objective on Toronto-Dominion Bank from C$90.00 to C$94.00 in a report on Tuesday, February 18th. UBS Group upped their price target on Toronto-Dominion Bank from C$83.00 to C$90.00 in a research report on Friday, February 14th. Canaccord Genuity Group lifted their price objective on shares of Toronto-Dominion Bank from C$87.00 to C$89.00 in a report on Monday, December 16th. Jefferies Financial Group lowered shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating and boosted their price objective for the stock from C$90.00 to C$99.00 in a research report on Tuesday, February 18th. Finally, Scotiabank reduced their target price on shares of Toronto-Dominion Bank from C$83.00 to C$82.00 and set a “sector perform” rating for the company in a report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of C$88.67.

Toronto-Dominion Bank Trading Down 0.6 %

TD stock opened at C$84.64 on Monday. The stock has a market cap of C$148.49 billion, a PE ratio of 16.77, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82. The stock has a 50-day moving average price of C$80.57 and a two-hundred day moving average price of C$80.45. Toronto-Dominion Bank has a 1 year low of C$73.22 and a 1 year high of C$87.99.

Toronto-Dominion Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 31st were given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 4.96%. The ex-dividend date was Friday, January 10th. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $1.02. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 80.84%.

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.