Desjardins Has Positive Estimate for TSE:TD FY2026 Earnings

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) – Equities research analysts at Desjardins increased their FY2026 earnings per share (EPS) estimates for shares of Toronto-Dominion Bank in a research report issued on Monday, September 29th. Desjardins analyst D. Young now forecasts that the company will post earnings of $8.85 per share for the year, up from their previous forecast of $8.75. Desjardins currently has a “Buy” rating and a $110.00 target price on the stock. The consensus estimate for Toronto-Dominion Bank’s current full-year earnings is $7.22 per share.

Several other research firms have also recently issued reports on TD. Scotiabank boosted their target price on shares of Toronto-Dominion Bank from C$95.00 to C$104.00 and gave the company a “sector perform” rating in a research note on Friday, August 29th. Barclays upped their price objective on shares of Toronto-Dominion Bank from C$95.00 to C$97.00 and gave the stock an “underweight” rating in a research report on Friday, August 29th. National Bankshares set a C$100.00 price target on Toronto-Dominion Bank and gave the stock a “sector perform” rating in a report on Monday, September 22nd. CIBC upped their price target on Toronto-Dominion Bank from C$109.00 to C$112.00 in a report on Friday, September 5th. Finally, Canaccord Genuity Group upped their price target on Toronto-Dominion Bank from C$113.00 to C$119.00 and gave the stock a “buy” rating in a report on Tuesday. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of C$102.67.

Toronto-Dominion Bank Trading Down 0.9%

Shares of TSE:TD opened at C$111.14 on Wednesday. Toronto-Dominion Bank has a 12-month low of C$73.22 and a 12-month high of C$114.24. The company has a market capitalization of C$194.70 billion, a PE ratio of 9.52, a PEG ratio of 1.22 and a beta of 0.87. The business has a 50 day moving average of C$104.40 and a two-hundred day moving average of C$96.15.

Toronto-Dominion Bank Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 31st will be issued a dividend of $1.05 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.8%. Toronto-Dominion Bank’s dividend payout ratio is presently 35.70%.

About Toronto-Dominion Bank

Toronto-Dominion is one of Canada’s two largest banks and operates three business segments: Canadian retail banking, U.S. retail banking, and wholesale banking. The bank’s U.S. operations span from Maine to Florida, with a strong presence in the Northeast. It also has a 13% ownership stake in Charles Schwab.