Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$94.00 at BMO Capital Markets

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective increased by BMO Capital Markets from C$84.00 to C$94.00 in a research note issued to investors on Monday morning,BayStreet.CA reports.

Other research analysts have also recently issued research reports about the stock. Jefferies Financial Group upped their target price 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. Scotiabank decreased their target price on shares of Toronto-Dominion Bank from C$87.00 to C$86.00 in a research report on Monday, August 19th. Canaccord Genuity Group decreased their target price on shares of Toronto-Dominion Bank from C$93.50 to C$91.50 in a research report on Friday, October 11th. Desjardins decreased their target price on shares of Toronto-Dominion Bank from C$91.00 to C$90.00 and set a “buy” rating for the company in a research report on Friday, August 23rd. Finally, Royal Bank of Canada cut shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from C$88.00 to C$82.00 in a research report on Friday, October 11th. Six analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued 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$87.23.

Toronto-Dominion Bank Stock Performance

Shares of Toronto-Dominion Bank stock opened at C$78.11 on Monday. The firm has a market cap of C$136.69 billion, a PE ratio of 18.08, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82. The firm’s 50-day simple moving average is C$81.44 and its 200-day simple moving average is C$79.09. Toronto-Dominion Bank has a 1 year low of C$73.67 and a 1 year high of C$87.99.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last announced its quarterly earnings data on Thursday, August 22nd. The company reported C$2.05 earnings per share 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. On average, equities analysts predict that Toronto-Dominion Bank will post 7.2160149 earnings per share for the current year.

Toronto-Dominion Bank Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 31st were issued a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 5.22%. The ex-dividend date of this dividend was Thursday, October 10th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 94.44%.

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.