Toronto-Dominion Bank (TSE:TD) Given New C$90.00 Price Target at Bank of America

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective upped by Bank of America from C$85.00 to C$90.00 in a research note released on Friday morning, BayStreet.CA reports.

Other equities analysts have also recently issued research reports about the stock. CIBC raised shares of Toronto-Dominion Bank from a neutral rating to an outperform rating and increased their price objective for the stock from C$83.50 to C$88.00 in a research report on Friday, May 24th. National Bankshares raised shares of Toronto-Dominion Bank from an underperform rating to a sector perform rating and increased their price objective for the stock from C$74.00 to C$78.00 in a research report on Friday. Jefferies Financial Group increased their price objective on shares of Toronto-Dominion Bank from C$73.00 to C$82.00 and gave the stock a hold rating in a research report on Monday, August 12th. BMO Capital Markets decreased their price target on shares of Toronto-Dominion Bank from C$86.00 to C$84.00 and set a market perform rating for the company in a research report on Friday, May 24th. Finally, Cormark decreased their price target on shares of Toronto-Dominion Bank from C$87.00 to C$86.00 in a research report on Friday. One equities research analyst has rated the stock with a sell rating, five have issued 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, Toronto-Dominion Bank currently has a consensus rating of Moderate Buy and an average target price of C$87.23.

Toronto-Dominion Bank Stock Performance

TSE:TD opened at C$80.18 on Friday. The stock has a market capitalization of C$141.12 billion, a P/E ratio of 13.43, a PEG ratio of 1.08 and a beta of 0.82. The company has a 50 day moving average price of C$77.91 and a 200 day moving average price of C$78.72. Toronto-Dominion Bank has a fifty-two week low of C$73.67 and a fifty-two week high of C$86.89.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last posted its quarterly earnings data on Thursday, May 23rd. The company reported C$2.04 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.84 by C$0.20. The firm had revenue of C$13.82 billion during the quarter, compared to analysts’ expectations of C$13.38 billion. Toronto-Dominion Bank had a net margin of 21.91% and a return on equity of 9.89%. Research analysts forecast that Toronto-Dominion Bank will post 8.3985432 earnings per share for the current fiscal year.

Toronto-Dominion Bank Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th will be issued a $1.02 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 5.09%. Toronto-Dominion Bank’s payout ratio is 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.