Toronto-Dominion Bank (TSE:TD) PT Lowered to C$83.50

Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD had its target price lowered by analysts at CIBC from C$86.00 to C$83.50 in a research note issued to investors on Monday, BayStreet.CA reports. The brokerage currently has a "neutral" rating on the stock. CIBC's price objective would indicate a potential upside of 11.14% from the stock's current price.

Other analysts have also issued reports about the stock. Scotiabank raised shares of Toronto-Dominion Bank from a "sector perform" rating to an "outperform" rating and upped their price objective for the company from C$86.00 to C$93.00 in a research note on Wednesday, April 17th. Desjardins reduced their price target on shares of Toronto-Dominion Bank from C$104.00 to C$93.00 and set a "buy" rating for the company in a research report on Monday. BMO Capital Markets lifted their price objective on shares of Toronto-Dominion Bank from C$81.00 to C$86.00 in a research report on Friday, April 5th. Jefferies Financial Group reduced their target price on Toronto-Dominion Bank from C$82.00 to C$74.00 and set a "hold" rating for the company in a report on Monday. Finally, Bank of America lowered their price target on Toronto-Dominion Bank from C$88.00 to C$86.00 in a report on Wednesday, February 14th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of C$89.23.

Toronto-Dominion Bank Stock Performance

Shares of TSE TD traded up C$0.33 during trading on Monday, hitting C$75.13. The company had a trading volume of 15,540,393 shares, compared to its average volume of 7,755,615. Toronto-Dominion Bank has a 52 week low of C$73.98 and a 52 week high of C$87.10. The business's 50-day moving average is C$80.38 and its 200 day moving average is C$81.35. The company has a market cap of C$132.98 billion, a P/E ratio of 11.87, a PEG ratio of 1.08 and a beta of 0.83.

Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD last issued its earnings results on Thursday, February 29th. The company reported C$2.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$1.93 by C$0.07. Toronto-Dominion Bank had a return on equity of 10.72% and a net margin of 23.86%. The business had revenue of C$13.71 billion for the quarter, compared to analysts' expectations of C$12.63 billion. On average, research analysts expect that Toronto-Dominion Bank will post 7.8654048 EPS for the current year.

About Toronto-Dominion Bank

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.