Cormark Cuts Toronto-Dominion Bank (TSE:TD) Price Target to C$91.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective lowered by Cormark from C$93.00 to C$91.00 in a research report sent to investors on Friday morning, BayStreet.CA reports. Cormark also issued estimates for Toronto-Dominion Bank’s FY2025 earnings at $8.10 EPS.

Several other research firms also recently issued reports on TD. Scotiabank decreased their price objective on shares of Toronto-Dominion Bank from C$87.00 to C$86.00 in a report on Monday, August 19th. Jefferies Financial Group raised their price target on shares of Toronto-Dominion Bank from C$73.00 to C$82.00 and gave the company a hold rating in a research note on Monday, August 12th. National Bankshares upgraded Toronto-Dominion Bank from an underperform rating to a sector perform rating and boosted their price objective for the stock from C$74.00 to C$78.00 in a research note on Friday, August 23rd. Desjardins decreased their target price on Toronto-Dominion Bank from C$91.00 to C$90.00 and set a buy rating on the stock in a research report on Friday, August 23rd. Finally, CIBC boosted their price target on Toronto-Dominion Bank from C$88.00 to C$100.00 in a research report on Friday, September 6th. Six investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Toronto-Dominion Bank has an average rating of Moderate Buy and an average target price of C$86.65.

Toronto-Dominion Bank Stock Down 4.0 %

Shares of Toronto-Dominion Bank stock opened at C$78.48 on Friday. The firm has a market cap of C$137.34 billion, a PE ratio of 18.17, a P/E/G ratio of 1.08 and a beta of 0.82. The business has a 50-day moving average price of C$82.46 and a 200 day moving average price of C$79.40. Toronto-Dominion Bank has a twelve month low of C$73.67 and a twelve month high of C$87.99.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last announced its earnings results on Thursday, August 22nd. The company reported C$2.05 earnings per share for the quarter, missing the consensus estimate of C$2.07 by C($0.02). Toronto-Dominion Bank had a return on equity of 7.33% and a net margin of 15.72%. The business had revenue of C$14.18 billion for the quarter, compared to analyst estimates of C$14.12 billion. On average, sell-side analysts expect that Toronto-Dominion Bank will post 8.2112811 EPS for the current year.

Toronto-Dominion Bank Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 31st will be paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 5.20%. The ex-dividend date of this dividend is Thursday, October 10th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 94.44%.

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.