Toronto-Dominion Bank (TSE:TD) Price Target Cut to C$83.50

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its target price decreased by equities research analysts at CIBC from C$86.00 to C$83.50 in a research note issued on Monday, BayStreet.CA reports. The firm currently has a “neutral” rating on the stock. CIBC’s price objective points to a potential upside of 9.88% from the stock’s previous close.

TD has been the subject of several other reports. Scotiabank upgraded shares of Toronto-Dominion Bank from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from C$86.00 to C$93.00 in a report on Wednesday, April 17th. Jefferies Financial Group dropped their price target on shares of Toronto-Dominion Bank from C$82.00 to C$74.00 and set a “hold” rating on the stock in a research note on Monday. BMO Capital Markets lifted their price objective on Toronto-Dominion Bank from C$81.00 to C$86.00 in a research report on Friday, April 5th. Canaccord Genuity Group upped their target price on Toronto-Dominion Bank from C$95.00 to C$96.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. Finally, Bank of America reduced their price target on Toronto-Dominion Bank from C$88.00 to C$86.00 in a report on Wednesday, February 14th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Toronto-Dominion Bank has an average rating of “Moderate Buy” and a consensus price target of C$89.23.

Toronto-Dominion Bank Price Performance

Shares of TSE:TD traded up C$1.19 on Monday, reaching C$75.99. 5,634,236 shares of the company traded hands, compared to its average volume of 7,637,814. Toronto-Dominion Bank has a fifty-two week low of C$73.98 and a fifty-two week high of C$87.10. The stock has a market capitalization of C$134.50 billion, a PE ratio of 12.02, a P/E/G ratio of 1.08 and a beta of 0.83. The company’s 50 day moving average is C$80.50 and its 200-day moving average is C$81.39.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last issued its quarterly earnings results on Thursday, February 29th. The company reported C$2.00 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.93 by C$0.07. The business had revenue of C$13.71 billion for the quarter, compared to the consensus estimate of C$12.63 billion. Toronto-Dominion Bank had a return on equity of 10.72% and a net margin of 23.86%. As a group, analysts expect that Toronto-Dominion Bank will post 7.8654048 EPS 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.