Recent Analysts’ Ratings Changes for Toronto-Dominion Bank (TD)

Several brokerages have updated their recommendations and price targets on shares of Toronto-Dominion Bank (TSE: TD) in the last few weeks:

• 10/11/2024 – Toronto-Dominion Bank was downgraded by analysts at Royal Bank of Canada from an “outperform” rating to a “sector perform” rating. They now have a C$82.00 price target on the stock, down previously from C$88.00.
• 10/11/2024 – Toronto-Dominion Bank had its price target lowered by analysts at Barclays PLC from C$90.00 to C$80.00.
• 10/11/2024 – Toronto-Dominion Bank had its price target lowered by analysts at Canaccord Genuity Group Inc. from C$93.50 to C$91.50.
• 10/11/2024 – Toronto-Dominion Bank had its price target lowered by analysts at CIBC from C$100.00 to C$96.00.
• 10/11/2024 – Toronto-Dominion Bank had its price target lowered by analysts at Cormark from C$93.00 to C$91.00.
• 9/6/2024 – Toronto-Dominion Bank had its price target raised by analysts at CIBC from C$88.00 to C$100.00.
• 8/23/2024 – Toronto-Dominion Bank was upgraded by analysts at National Bankshares, Inc. from an “underperform” rating to a “sector perform” rating. They now have a C$78.00 price target on the stock, up previously from C$74.00.
• 8/23/2024 – Toronto-Dominion Bank had its price target lowered by analysts at Royal Bank of Canada from C$89.00 to C$88.00. They now have an “outperform” rating on the stock.
• 8/23/2024 – Toronto-Dominion Bank had its price target lowered by analysts at Desjardins from C$91.00 to C$90.00. They now have a “buy” rating on the stock.
• 8/23/2024 – Toronto-Dominion Bank had its price target raised by analysts at Bank of America Co. from C$85.00 to C$90.00.
• 8/23/2024 – Toronto-Dominion Bank had its price target lowered by analysts at Cormark from C$87.00 to C$86.00.

Toronto-Dominion Bank Stock Up 0.8 %

Shares of TD opened at C$78.44 on Tuesday. The Toronto-Dominion Bank has a 52 week low of C$73.67 and a 52 week high of C$87.99. The business has a 50-day simple moving average of C$82.49 and a two-hundred day simple moving average of C$79.31. The stock has a market cap of C$137.27 billion, a price-to-earnings ratio of 18.16, a PEG ratio of 1.22 and a beta of 0.82.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last issued its earnings results on Thursday, August 22nd. The company reported C$2.05 earnings per share for the quarter, missing analysts’ consensus estimates of C$2.07 by C($0.02). Toronto-Dominion Bank had a net margin of 15.72% and a return on equity of 7.33%. The firm had revenue of C$14.18 billion for the quarter, compared to the consensus estimate of C$14.12 billion. On average, equities analysts anticipate that The Toronto-Dominion Bank will post 7.2160149 earnings per share for the current fiscal year.

Toronto-Dominion Bank Dividend Announcement

The firm 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. The ex-dividend date is Thursday, October 10th. This represents a $4.08 annualized dividend and a yield of 5.20%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 94.44%.

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.