National Bankshares Trims Toronto-Dominion Bank (TSE:TD) Target Price to C$74.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective lowered by analysts at National Bankshares from C$75.00 to C$74.00 in a research note issued to investors on Friday, BayStreet.CA reports. The brokerage presently has an “underperform” rating on the stock. National Bankshares’ price objective suggests a potential downside of 8.17% from the company’s previous close.

Other analysts have also recently issued reports about the stock. Scotiabank reduced their target price on shares of Toronto-Dominion Bank from C$90.00 to C$87.00 and set an “outperform” rating for the company in a report on Friday, May 24th. Jefferies Financial Group raised their target price on shares of Toronto-Dominion Bank from C$73.00 to C$82.00 and gave the stock a “hold” rating in a report on Monday. UBS Group set a C$82.00 price objective on shares of Toronto-Dominion Bank and gave the company a “neutral” rating in a report on Tuesday, July 2nd. Royal Bank of Canada lifted their price objective on shares of Toronto-Dominion Bank from C$87.00 to C$89.00 and gave the stock an “outperform” rating in a research report on Friday, May 24th. Finally, BMO Capital Markets lowered 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 report on Friday, May 24th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Toronto-Dominion Bank presently has a consensus rating of “Moderate Buy” and a consensus price target of C$87.50.

Toronto-Dominion Bank Price Performance

TSE TD traded up C$0.22 during mid-day trading on Friday, reaching C$80.58. 610,523 shares of the stock were exchanged, compared to its average volume of 7,193,406. The stock has a 50 day simple moving average of C$77.28 and a 200-day simple moving average of C$78.76. Toronto-Dominion Bank has a one year low of C$73.67 and a one year high of C$86.89. The stock has a market cap of C$141.82 billion, a P/E ratio of 13.70, a P/E/G ratio of 1.08 and a beta of 0.82.

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

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.