Desjardins Has Positive Estimate for TSE:TD FY2026 Earnings

Key Points

• Desjardins has raised its FY2026 earnings per share estimate for Toronto-Dominion Bank from $8.75 to $8.85, maintaining a "Buy" rating with a price target of $110.00.
• Other analysts have also adjusted their price targets for TD, with BMO Capital Markets increasing theirs to C$107.00 and Jefferies raising it to C$124.00.
• The bank declared a quarterly dividend of $1.05, representing an annual yield of 3.8% and a payout ratio of 35.70%.

The Toronto-Dominion Bank (TSE:TD - Free Report) NYSE: TD - Research analysts at Desjardins boosted their FY2026 earnings per share estimates for shares of Toronto-Dominion Bank in a research note issued to investors on Monday, September 29th. Desjardins analyst D. Young now anticipates that the company will earn $8.85 per share for the year, up from their previous estimate of $8.75. Desjardins has a "Buy" rating and a $110.00 price target on the stock. The consensus estimate for Toronto-Dominion Bank's current full-year earnings is $7.22 per share.

TD has been the subject of a number of other research reports. BMO Capital Markets increased their target price on shares of Toronto-Dominion Bank from C$102.00 to C$107.00 in a research report on Tuesday. Jefferies Financial Group boosted their price target on shares of Toronto-Dominion Bank from C$120.00 to C$124.00 in a report on Tuesday. National Bankshares set a C$100.00 price objective on Toronto-Dominion Bank and gave the stock a "sector perform" rating in a report on Monday, September 22nd. Barclays boosted their target price on Toronto-Dominion Bank from C$95.00 to C$97.00 and gave the company an "underweight" rating in a research note on Friday, August 29th. Finally, Scotiabank lifted their price target on Toronto-Dominion Bank from C$95.00 to C$104.00 and gave the company a "sector perform" rating in a report on Friday, August 29th. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Toronto-Dominion Bank has a consensus rating of "Hold" and an average target price of C$102.67.

Toronto-Dominion Bank Price Performance

TSE TD opened at C$111.28 on Wednesday. The firm has a market capitalization of C$194.94 billion, a price-to-earnings ratio of 9.53, a price-to-earnings-growth ratio of 1.22 and a beta of 0.87. The company has a 50 day simple moving average of C$104.02 and a 200-day simple moving average of C$95.86. Toronto-Dominion Bank has a 52-week low of C$73.22 and a 52-week high of C$114.24.

Toronto-Dominion Bank Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 31st will be issued a $1.05 dividend. The ex-dividend date is Friday, October 10th. This represents a $4.20 annualized dividend and a yield of 3.8%. Toronto-Dominion Bank's dividend payout ratio (DPR) is currently 35.70%.

Toronto-Dominion Bank Company Profile

Toronto-Dominion is one of Canada's two largest banks and operates three business segments: Canadian retail banking, U.S. retail banking, and wholesale banking. The bank's U.S. operations span from Maine to Florida, with a strong presence in the Northeast. It also has a 13% ownership stake in Charles Schwab.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.