Toronto-Dominion Bank (TSE:TD) Price Target Cut to C$96.00 by Analysts at CIBC

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price target cut by equities researchers at CIBC from C$100.00 to C$96.00 in a research note issued on Friday, BayStreet.CA reports. CIBC’s target price suggests a potential upside of 22.32% from the company’s previous close.

Several other analysts have also weighed in on the stock. Royal Bank of Canada lowered shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from C$88.00 to C$82.00 in a research note on Friday. National Bank Financial upgraded shares of Toronto-Dominion Bank from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 22nd. Jefferies Financial Group lifted their price objective on shares of Toronto-Dominion Bank from C$73.00 to C$82.00 and gave the company a “hold” rating in a research note on Monday, August 12th. UBS Group set a C$82.00 price objective on shares of Toronto-Dominion Bank and gave the company a “neutral” rating in a research note on Tuesday, July 2nd. Finally, Bank of America lifted their price objective on shares of Toronto-Dominion Bank from C$85.00 to C$90.00 in a research note on Friday, August 23rd. Six research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$86.65.

Toronto-Dominion Bank Stock Down 4.0 %

Shares of Toronto-Dominion Bank stock opened at C$78.48 on Friday. The company has a market capitalization of C$137.34 billion, a price-to-earnings ratio of 18.17, a PEG ratio of 1.08 and a beta of 0.82. Toronto-Dominion Bank has a 12-month low of C$73.67 and a 12-month high of C$87.99. The firm’s 50-day moving average price is C$82.47 and its two-hundred day moving average price is C$79.44.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last posted its quarterly earnings results on Thursday, August 22nd. The company reported C$2.05 earnings per share for the quarter, missing analysts’ consensus estimates of C$2.07 by C($0.02). Toronto-Dominion Bank had a net margin of 15.72% and a return on equity of 7.33%. The company had revenue of C$14.18 billion during the quarter, compared to analyst estimates of C$14.12 billion. On average, sell-side analysts expect that Toronto-Dominion Bank will post 8.2112811 earnings per share for the current 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.