Toronto-Dominion Bank (TSE:TD) Downgraded to “Strong Sell” at National Bank Financial

National Bank Financial lowered shares of Toronto-Dominion Bank (TSE:TD) (NYSE:TD) from a hold rating to a strong sell rating in a research note published on Thursday, Zacks.com reports.

TD has been the topic of several other research reports. Desjardins decreased their target price on Toronto-Dominion Bank from C$93.00 to C$91.00 and set a buy rating on the stock in a research report on Friday. BMO Capital Markets cut their price target on shares of Toronto-Dominion Bank from C$86.00 to C$84.00 and set a market perform rating on the stock in a research report on Friday. CIBC upgraded shares of Toronto-Dominion Bank from a neutral rating to an outperform rating and upped their price objective for the company from C$83.50 to C$88.00 in a report on Friday. Royal Bank of Canada increased their price objective on shares of Toronto-Dominion Bank from C$87.00 to C$89.00 and gave the company an outperform rating in a research note on Friday. Finally, Jefferies Financial Group increased their target price on shares of Toronto-Dominion Bank from C$74.00 to C$76.00 and gave the company a hold rating in a research report on Friday. Two analysts have rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus price target of C$88.42.

Toronto-Dominion Bank Stock Up 2.2 %

TD stock traded up C$1.70 during trading on Thursday, reaching C$77.28. 5,132,244 shares of the company’s stock were exchanged, compared to its average volume of 7,439,939. Toronto-Dominion Bank has a 1-year low of C$73.98 and a 1-year high of C$87.10. The company’s fifty day moving average price is C$79.24 and its 200-day moving average price is C$81.20. The firm has a market cap of C$136.79 billion, a PE ratio of 12.21, a P/E/G ratio of 1.08 and a beta of 0.82.

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 the consensus estimate of C$1.84 by C$0.20. Toronto-Dominion Bank had a return on equity of 10.72% and a net margin of 23.86%. The business had revenue of C$13.82 billion during the quarter, compared to analysts’ expectations of C$13.38 billion. As a group, sell-side analysts expect that Toronto-Dominion Bank will post 7.8263052 earnings per share for the current fiscal year.

Toronto-Dominion Bank Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 10th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 5.28%. The ex-dividend date is Wednesday, July 10th. Toronto-Dominion Bank’s payout ratio is 64.45%.

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.