National Bankshares Cuts Toronto-Dominion Bank (TSE:TD) Price Target to C$84.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price target cut by National Bankshares from C$92.00 to C$84.00 in a research report sent to investors on Friday, BayStreet.CA reports. They currently have a sector perform rating on the stock.

Several other equities research analysts have also issued reports on TD. BMO Capital Markets lifted their price target on shares of Toronto-Dominion Bank from C$81.00 to C$86.00 in a research note on Friday, April 5th. Desjardins reduced their price objective on shares of Toronto-Dominion Bank from C$96.00 to C$94.00 and set a buy rating for the company in a research report on Wednesday, February 7th. Scotiabank raised Toronto-Dominion Bank from a sector perform rating to an outperform rating and upped their target price for the company from C$86.00 to C$93.00 in a research report on Wednesday, April 17th. Canaccord Genuity Group raised their price target on shares of 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, CIBC dropped their price target on Toronto-Dominion Bank from C$88.00 to C$86.00 and set a neutral rating for the company in a research note on Friday, March 8th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Toronto-Dominion Bank currently has an average rating of Moderate Buy and an average target price of C$89.23.

Toronto-Dominion Bank Stock Up 0.4 %

TD stock opened at C$75.13 on Friday. Toronto-Dominion Bank has a twelve month low of C$73.98 and a twelve month high of C$87.10. The company has a market cap of C$132.98 billion, a P/E ratio of 11.87, a price-to-earnings-growth ratio of 1.08 and a beta of 0.83. The business’s fifty day moving average is C$80.38 and its 200-day moving average is C$81.35.

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

Toronto-Dominion Bank Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Tuesday, April 30th were given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 5.43%. The ex-dividend date of this dividend was Monday, April 8th. Toronto-Dominion Bank’s payout ratio is 64.45%.

About Toronto-Dominion Bank

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.