Cormark Equities Analysts Lift Earnings Estimates for TSE:TD

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) – Cormark increased their FY2024 earnings per share estimates for Toronto-Dominion Bank in a report released on Monday, November 25th. Cormark analyst L. Persaud now forecasts that the company will post earnings of $7.90 per share for the year, up from their prior forecast of $7.89. The consensus estimate for Toronto-Dominion Bank’s current full-year earnings is $7.22 per share. Cormark also issued estimates for Toronto-Dominion Bank’s FY2026 earnings at $8.74 EPS.

A number of other analysts have also recently issued reports on the company. Desjardins lowered their price objective on Toronto-Dominion Bank from C$91.00 to C$90.00 and set a “buy” rating on the stock in a research report on Friday, August 23rd. Jefferies Financial Group upped their price target on Toronto-Dominion Bank from C$73.00 to C$82.00 and gave the company a “hold” rating in a research report on Monday, August 12th. BMO Capital Markets upped their price target on Toronto-Dominion Bank from C$84.00 to C$94.00 in a research report on Monday, November 18th. Bank of America upped their price target on Toronto-Dominion Bank from C$85.00 to C$90.00 in a research report on Friday, August 23rd. Finally, Barclays cut Toronto-Dominion Bank from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Toronto-Dominion Bank presently has a consensus rating of “Hold” and an average target price of C$87.42.

Toronto-Dominion Bank Stock Up 0.6 %

Shares of TD stock opened at C$79.08 on Tuesday. The firm has a market cap of C$138.39 billion, a PE ratio of 18.31, a price-to-earnings-growth ratio of 1.22 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 stock has a 50 day moving average of C$80.96 and a 200-day moving average of C$79.16.

Toronto-Dominion Bank Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 31st were issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 5.16%. The ex-dividend date of this dividend was Thursday, October 10th. Toronto-Dominion Bank’s payout ratio is presently 94.44%.

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.