Jefferies Financial Group Raises Toronto-Dominion Bank (TSE:TD) Price Target to C$82.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective raised by Jefferies Financial Group from C$73.00 to C$82.00 in a research report report published on Monday morning, BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

A number of other research analysts have also weighed in on the stock. Cibc World Mkts raised shares of Toronto-Dominion Bank from a hold rating to a strong-buy rating in a research report on Friday, May 24th. UBS Group set a C$82.00 price target on shares of Toronto-Dominion Bank and gave the company a neutral rating in a research report on Tuesday, July 2nd. Canaccord Genuity Group raised their price objective on Toronto-Dominion Bank from C$91.00 to C$93.50 and gave the company a buy rating in a report on Friday, May 24th. CIBC raised shares of Toronto-Dominion Bank from a neutral rating to an outperform rating and lifted their target price for the stock from C$83.50 to C$88.00 in a research note on Friday, May 24th. Finally, National Bankshares cut Toronto-Dominion Bank from a sector perform rating to an underperform rating and reduced their target price for the company from C$84.00 to C$75.00 in a research note on Friday, May 24th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and an average price target of C$87.57.

Toronto-Dominion Bank Trading Up 1.1 %

Shares of TD stock opened at C$80.36 on Monday. The stock has a market cap of C$141.43 billion, a price-to-earnings ratio of 13.67, a PEG ratio of 1.08 and a beta of 0.82. The stock has a 50-day moving average of C$77.28 and a 200-day moving average of C$78.76. Toronto-Dominion Bank has a 1-year low of C$73.67 and a 1-year high of C$86.89.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last issued its earnings results on Thursday, May 23rd. The company reported C$2.04 EPS for the quarter, beating analysts’ consensus estimates of C$1.84 by C$0.20. Toronto-Dominion Bank had a return on equity of 9.89% and a net margin of 21.91%. The business had revenue of C$13.82 billion during the quarter, compared to analyst estimates of C$13.38 billion. Sell-side analysts forecast that Toronto-Dominion Bank will post 7.8691589 earnings per share for the current year.

Toronto-Dominion Bank Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 10th were paid a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 5.08%. The ex-dividend date was Wednesday, July 10th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 69.39%.

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.