Cormark Predicts Higher Earnings for Toronto-Dominion Bank

The Toronto-Dominion Bank (TSE:TD - Free Report) NYSE: TD - Analysts at Cormark boosted their FY2026 earnings per share (EPS) estimates for shares of Toronto-Dominion Bank in a research report issued to clients and investors on Friday, May 23rd. Cormark analyst L. Persaud now anticipates that the company will earn $8.84 per share for the year, up from their prior forecast of $8.66. The consensus estimate for Toronto-Dominion Bank's current full-year earnings is $7.22 per share.

Several other research analysts also recently commented on the company. CIBC reduced their target price on Toronto-Dominion Bank from C$95.00 to C$94.00 in a research note on Thursday, May 22nd. Jefferies Financial Group cut shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating and lifted their price objective for the stock from C$90.00 to C$99.00 in a research report on Tuesday, February 18th. UBS Group increased their price objective on shares of Toronto-Dominion Bank from C$83.00 to C$90.00 in a research report on Friday, February 14th. Scotiabank raised shares of Toronto-Dominion Bank to a "hold" rating in a report on Wednesday, May 14th. Finally, National Bankshares set a C$80.00 price target on shares of Toronto-Dominion Bank and gave the company a "sector perform" rating in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of C$88.67.

Toronto-Dominion Bank Price Performance

TSE TD traded down C$0.03 during trading on Monday, reaching C$94.89. 412,999 shares of the company's stock were exchanged, compared to its average volume of 8,088,906. The business has a 50 day moving average price of C$86.68 and a 200-day moving average price of C$82.89. The stock has a market capitalization of C$166.47 billion, a P/E ratio of 18.80, a PEG ratio of 1.22 and a beta of 0.82. Toronto-Dominion Bank has a fifty-two week low of C$73.22 and a fifty-two week high of C$95.03.

Insider Transactions at Toronto-Dominion Bank

In other news, Director Ana Arsov acquired 3,483 shares of Toronto-Dominion Bank stock in a transaction on Friday, April 11th. The shares were purchased at an average cost of C$80.24 per share, for a total transaction of C$279,475.92. Also, Director Theresa Lynn Currie sold 45,172 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of C$86.50, for a total transaction of C$3,907,378.00. Following the completion of the transaction, the director now directly owns 163 shares in the company, valued at approximately C$14,099.50. This represents a 99.64% decrease in their ownership of the stock. Over the last ninety days, insiders have acquired 31,119 shares of company stock valued at $2,563,882 and have sold 103,252 shares valued at $9,316,855. Insiders own 0.08% of the company's stock.

Toronto-Dominion Bank Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 10th will be given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 4.43%. Toronto-Dominion Bank's payout ratio is presently 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.