Cormark Reduces Earnings Estimates for Toronto-Dominion Bank

The Toronto-Dominion Bank (TSE:TD - Free Report) NYSE: TD - Investment analysts at Cormark decreased their FY2025 EPS estimates for Toronto-Dominion Bank in a report issued on Friday, February 21st. Cormark analyst L. Persaud now expects that the company will earn $7.76 per share for the year, down from their prior forecast of $7.91. The consensus estimate for Toronto-Dominion Bank's current full-year earnings is $7.22 per share.

A number of other research firms also recently weighed in on TD. Royal Bank of Canada increased their price objective on Toronto-Dominion Bank from C$77.00 to C$86.00 and gave the company a "sector perform" rating in a report on Wednesday, January 8th. Barclays cut shares of Toronto-Dominion Bank from a "hold" rating to a "strong sell" rating in a research report on Thursday, November 21st. UBS Group boosted their target price on shares of Toronto-Dominion Bank from C$83.00 to C$90.00 in a report on Friday, February 14th. Canaccord Genuity Group increased their price target on Toronto-Dominion Bank from C$87.00 to C$89.00 in a report on Monday, December 16th. Finally, CIBC lifted their price objective on Toronto-Dominion Bank from C$90.00 to C$94.00 in a research report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of C$88.67.

Toronto-Dominion Bank Stock Up 0.7 %

Shares of TD stock traded up C$0.61 during mid-day trading on Monday, reaching C$86.28. 6,615,355 shares of the stock traded hands, compared to its average volume of 8,551,934. The stock's fifty day simple moving average is C$80.99 and its two-hundred day simple moving average is C$80.56. Toronto-Dominion Bank has a 1-year low of C$73.22 and a 1-year high of C$87.99. The company has a market cap of C$151.37 billion, a price-to-earnings ratio of 17.10, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82.

Toronto-Dominion Bank Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be paid a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 4.87%. Toronto-Dominion Bank's payout ratio is 80.84%.

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.