Scotiabank Trims Toronto-Dominion Bank (TSE:TD) Target Price to C$86.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price target dropped by Scotiabank from C$87.00 to C$86.00 in a research report issued to clients and investors on Monday, BayStreet.CA reports. Scotiabank’s price objective points to a potential upside of 6.29% from the company’s current price.

TD has been the subject of a number of other research reports. Jefferies Financial Group boosted their price target on Toronto-Dominion Bank from C$73.00 to C$82.00 and gave the stock a “hold” rating in a report on Monday, August 12th. Canaccord Genuity Group upped their target price on 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. National Bank Financial cut Toronto-Dominion Bank from a “hold” rating to a “strong sell” rating in a report on Thursday, May 23rd. Desjardins lowered their target price on Toronto-Dominion Bank from C$93.00 to C$91.00 and set a “buy” rating for the company in a report on Friday, May 24th. Finally, BMO Capital Markets lowered their target price on Toronto-Dominion Bank from C$86.00 to C$84.00 and set a “market perform” rating for the company in a report on Friday, May 24th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$86.90.

Toronto-Dominion Bank Stock Performance

Toronto-Dominion Bank stock opened at C$80.91 on Monday. Toronto-Dominion Bank has a 52 week low of C$73.67 and a 52 week high of C$86.89. The stock has a market capitalization of C$142.40 billion, a P/E ratio of 13.55, a price-to-earnings-growth ratio of 1.08 and a beta of 0.82. The stock has a fifty day moving average of C$77.58 and a 200-day moving average of C$78.69.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last posted its quarterly earnings results on Thursday, May 23rd. The company reported C$2.04 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of C$13.82 billion during the quarter, compared to analysts’ expectations of C$13.38 billion. On average, research analysts forecast that Toronto-Dominion Bank will post 8.3985432 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.