Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$87.00 at Cormark

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price target lifted by Cormark from C$86.00 to C$87.00 in a report released on Tuesday, BayStreet.CA reports. Cormark currently has a buy rating on the stock.

Several other research firms have also recently commented on TD. Cibc World Mkts upgraded shares of Toronto-Dominion Bank from a hold rating to a strong-buy rating in a research note on Friday, May 24th. CIBC raised shares of Toronto-Dominion Bank from a neutral rating to an outperform rating and upped their price target for the stock from C$83.50 to C$88.00 in a research note on Friday, May 24th. Scotiabank reduced their price objective on shares of Toronto-Dominion Bank from C$87.00 to C$86.00 in a research note on Monday. National Bank Financial downgraded shares of Toronto-Dominion Bank from a hold rating to a strong sell rating in a research report on Thursday, May 23rd. Finally, Jefferies Financial Group upped 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. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of C$86.90.

Toronto-Dominion Bank Stock Performance

Shares of TSE:TD opened at C$80.91 on Tuesday. Toronto-Dominion Bank has a one year low of C$73.67 and a one year high of C$86.89. The stock has a market capitalization of C$142.40 billion, a price-to-earnings ratio of 13.55, a PEG ratio of 1.08 and a beta of 0.82. The company has a 50-day simple moving average of C$77.58 and a 200-day simple moving average of C$78.69.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last posted its quarterly earnings data on Thursday, May 23rd. The company reported C$2.04 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, research analysts forecast that Toronto-Dominion Bank will post 8.3985432 EPS for the current fiscal year.

Toronto-Dominion Bank Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 10th were paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 5.04%. The ex-dividend date was Wednesday, July 10th. Toronto-Dominion Bank’s dividend payout ratio is currently 68.34%.

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.