Barclays Trims Toronto-Dominion Bank (TSE:TD) Target Price to C$80.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price target reduced by Barclays from C$90.00 to C$80.00 in a report published on Friday, BayStreet.CA reports.

TD has been the subject of several other reports. Jefferies Financial Group lifted their target price on shares of Toronto-Dominion Bank from C$73.00 to C$82.00 and gave the company a hold rating in a report on Monday, August 12th. CIBC lowered their price objective on Toronto-Dominion Bank from C$100.00 to C$96.00 in a research note on Friday. Scotiabank cut their target price on Toronto-Dominion Bank from C$87.00 to C$86.00 in a research note on Monday, August 19th. UBS Group set a C$82.00 price target on Toronto-Dominion Bank and gave the company a neutral rating in a report on Tuesday, July 2nd. Finally, National Bankshares upgraded shares of Toronto-Dominion Bank from an underperform rating to a sector perform rating and upped their price target for the stock from C$74.00 to C$78.00 in a research note on Friday, August 23rd. Six investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average price target of C$86.65.

Toronto-Dominion Bank Trading Down 4.0 %

TD opened at C$78.48 on Friday. The company has a market cap of C$137.34 billion, a price-to-earnings ratio of 18.17, a price-to-earnings-growth ratio of 1.08 and a beta of 0.82. The stock has a fifty day simple moving average of C$82.47 and a two-hundred day simple moving average of C$79.42. Toronto-Dominion Bank has a 12-month low of C$73.67 and a 12-month high of C$87.99.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last issued its quarterly earnings results on Thursday, August 22nd. The company reported C$2.05 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of C$14.12 billion. On average, analysts predict that Toronto-Dominion Bank will post 8.2112811 EPS for the current year.

Toronto-Dominion Bank Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 31st will be issued a dividend of $1.02 per share. The ex-dividend date is Thursday, October 10th. This represents a $4.08 annualized dividend and a dividend yield of 5.20%. Toronto-Dominion Bank’s payout ratio is 94.44%.

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.