Desjardins Issues Positive Forecast for TSE:TD Earnings

Key Points

• Analysts at Desjardins have raised their Q3 2025 earnings per share estimate for Toronto-Dominion Bank to $2.02, up from a previous forecast of $1.92, maintaining a "Buy" rating and a target price of $107.00.
• The bank declared a quarterly dividend of $1.05, resulting in an annualized yield of 4.1% and a dividend payout ratio of 80.84%.
• Toronto-Dominion Bank is currently rated as a "Hold" by analysts, with a consensus price target of C$93.85, reflecting a mix of buy, hold, and sell ratings across various research firms.

The Toronto-Dominion Bank (TSE:TD - Free Report) NYSE: TD - Analysts at Desjardins upped their Q3 2025 earnings per share (EPS) estimates for shares of Toronto-Dominion Bank in a note issued to investors on Tuesday, August 12th. Desjardins analyst D. Young now anticipates that the company will earn $2.02 per share for the quarter, up from their previous estimate of $1.92. Desjardins has a "Buy" rating and a $107.00 price target on the stock. The consensus estimate for Toronto-Dominion Bank's current full-year earnings is $7.22 per share.

A number of other analysts also recently commented on the stock. National Bankshares increased their price objective on shares of Toronto-Dominion Bank from C$98.00 to C$99.00 and gave the company a "sector perform" rating in a report on Friday, August 15th. Scotiabank upgraded shares of Toronto-Dominion Bank to a "hold" rating in a report on Wednesday, May 14th. CIBC upped their price objective on Toronto-Dominion Bank from C$96.00 to C$99.00 and gave the company an "outperform" rating in a report on Thursday, June 5th. Jefferies Financial Group increased their price objective on Toronto-Dominion Bank from C$103.00 to C$117.00 in a research report on Wednesday, August 13th. Finally, Barclays lifted their target price on Toronto-Dominion Bank from C$91.00 to C$95.00 and gave the company an "underweight" rating in a research report on Thursday, August 14th. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of C$95.31.

Toronto-Dominion Bank Stock Performance

Shares of TSE TD traded up C$0.50 during mid-day trading on Friday, reaching C$102.19. The company's stock had a trading volume of 1,047,927 shares, compared to its average volume of 7,581,526. The stock has a 50-day moving average of C$100.37 and a two-hundred day moving average of C$91.48. The stock has a market capitalization of C$179.28 billion, a P/E ratio of 20.25, a P/E/G ratio of 1.22 and a beta of 0.82. Toronto-Dominion Bank has a 1-year low of C$73.22 and a 1-year high of C$103.11.

Toronto-Dominion Bank Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Thursday, July 31st were issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 4.1%. The ex-dividend date was Thursday, July 10th. Toronto-Dominion Bank's payout ratio is 80.84%.

Insider Buying and Selling

In related news, Senior Officer Melanie Burns sold 6,272 shares of the stock in a transaction on Friday, June 20th. The stock was sold at an average price of C$97.46, for a total value of C$611,269.12. Also, Director Ana Arsov purchased 3,000 shares of the firm's stock in a transaction on Wednesday, May 28th. The shares were acquired at an average cost of C$94.49 per share, with a total value of C$283,470.00. In the last 90 days, insiders sold 81,612 shares of company stock worth $7,748,610. Corporate insiders own 0.08% of the company's stock.

About Toronto-Dominion Bank

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.