Canaccord Genuity Group Has Lowered Expectations for Toronto-Dominion Bank (TSE:TD) Stock Price

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective cut by research analysts at Canaccord Genuity Group from C$91.50 to C$89.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. Canaccord Genuity Group’s price objective would suggest a potential upside of 13.77% from the company’s current price.

TD has been the topic of several other research reports. Cormark lowered their price target on Toronto-Dominion Bank from C$93.00 to C$91.00 in a report on Friday, October 11th. National Bankshares raised shares of Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating and increased their price target for the stock from C$74.00 to C$78.00 in a report on Friday, August 23rd. Desjardins dropped their price target on Toronto-Dominion Bank from C$91.00 to C$90.00 and set a “buy” rating for the company in a research note on Friday, August 23rd. CIBC decreased their price objective on Toronto-Dominion Bank from C$100.00 to C$96.00 in a report on Friday, October 11th. Finally, Scotiabank decreased their price target on shares of Toronto-Dominion Bank from C$87.00 to C$86.00 in a research note on Monday, August 19th. Six investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$87.23.

Toronto-Dominion Bank Trading Up 0.3 %

Toronto-Dominion Bank stock opened at C$78.23 on Tuesday. The company has a market cap of C$136.90 billion, a price-to-earnings ratio of 18.11, a PEG 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 business’s 50 day simple moving average is C$81.54 and its 200 day simple moving average is C$79.07.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last issued its earnings results on Thursday, August 22nd. The company reported C$2.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$2.07 by C($0.02). Toronto-Dominion Bank had a net margin of 15.72% and a return on equity of 7.33%. The business had revenue of C$14.18 billion for the quarter, compared to the consensus estimate of C$14.12 billion. As a group, equities research analysts forecast that Toronto-Dominion Bank will post 7.2160149 earnings per share for the current fiscal 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.