Toronto-Dominion Bank (TSE:TD) Given a C$82.00 Price Target at UBS Group

UBS Group set a C$82.00 target price on Toronto-Dominion Bank (TSE:TD) (NYSE:TD) in a research report sent to investors on Tuesday, BayStreet.CA reports. The brokerage currently has a neutral rating on the stock.

Other equities analysts have also recently issued research reports about the stock. Cibc World Mkts raised shares of Toronto-Dominion Bank from a hold rating to a strong-buy rating in a research report on Friday, May 24th. CIBC upgraded shares of Toronto-Dominion Bank from a neutral rating to an outperform rating and raised their target price for the stock from C$83.50 to C$88.00 in a report on Friday, May 24th. Canaccord Genuity Group raised their target price on shares of Toronto-Dominion Bank from C$91.00 to C$93.50 and gave the stock a buy rating in a report on Friday, May 24th. Royal Bank of Canada raised their price objective on shares of Toronto-Dominion Bank from C$87.00 to C$89.00 and gave the stock an outperform rating in a research note on Friday, May 24th. Finally, Scotiabank decreased their target price on shares of Toronto-Dominion Bank from C$90.00 to C$87.00 and set an outperform rating for the company in a research note on Friday, May 24th. Two analysts have rated the stock with a sell rating, four have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of C$86.97.

Toronto-Dominion Bank Stock Performance

Shares of TD opened at C$75.58 on Tuesday. The stock has a fifty day moving average of C$76.66 and a two-hundred day moving average of C$79.83. The company has a market capitalization of C$133.02 billion, a PE ratio of 12.80, a price-to-earnings-growth ratio of 1.08 and a beta of 0.82. Toronto-Dominion Bank has a fifty-two week low of C$73.67 and a fifty-two week high of C$87.10.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last announced its quarterly earnings results on Thursday, May 23rd. The company reported C$2.04 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.84 by C$0.20. Toronto-Dominion Bank had a return on equity of 9.89% and a net margin of 21.91%. The firm had revenue of C$13.82 billion during the quarter, compared to the consensus estimate of C$13.38 billion. As a group, equities research analysts forecast that Toronto-Dominion Bank will post 7.8691589 earnings per share for the current fiscal year.

Toronto-Dominion Bank Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 10th will be given a dividend of $1.02 per share. The ex-dividend date is Wednesday, July 10th. This represents a $4.08 annualized dividend and a yield of 5.40%. Toronto-Dominion Bank’s dividend payout ratio is presently 69.39%.

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.