Scotiabank Cuts Toronto-Dominion Bank (TSE:TD) Price Target to C$90.00

Toronto-Dominion Bank (TSE:TD - Free Report) NYSE: TD had its price objective trimmed by Scotiabank from C$93.00 to C$90.00 in a report published on Friday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Other research analysts also recently issued research reports about the stock. Jefferies Financial Group lowered their price target on shares of Toronto-Dominion Bank from C$82.00 to C$74.00 and set a hold rating for the company in a report on Monday, May 6th. Canaccord Genuity Group increased their target price on shares of Toronto-Dominion Bank from C$95.00 to C$96.00 and gave the company a buy rating in a research note on Friday, March 1st. Bank of America reduced their price objective on shares of Toronto-Dominion Bank from C$88.00 to C$86.00 in a research report on Wednesday, February 14th. National Bankshares cut their target price on Toronto-Dominion Bank from C$92.00 to C$84.00 and set a sector perform rating on the stock in a research note on Friday, May 3rd. Finally, BMO Capital Markets upped their price objective on Toronto-Dominion Bank from C$81.00 to C$86.00 in a research report on Friday, April 5th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of C$89.05.

Toronto-Dominion Bank Stock Up 0.6 %

TD stock traded up C$0.48 during trading on Friday, reaching C$77.95. The company's stock had a trading volume of 5,020,895 shares, compared to its average volume of 7,551,344. The company's fifty day moving average is C$79.75 and its 200-day moving average is C$81.28. Toronto-Dominion Bank has a 1 year low of C$73.98 and a 1 year high of C$87.10. The company has a market capitalization of C$137.97 billion, a P/E ratio of 12.28, a price-to-earnings-growth 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 for the quarter, topping analysts' consensus estimates of C$1.93 by C$0.07. The firm had revenue of C$13.71 billion during the quarter, compared to analyst estimates of C$12.63 billion. Toronto-Dominion Bank had a net margin of 23.86% and a return on equity of 10.72%. Analysts anticipate that Toronto-Dominion Bank will post 7.8654048 earnings per share for the current year.

Toronto-Dominion Bank Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Tuesday, April 30th were issued a $1.02 dividend. The ex-dividend date of this dividend was Monday, April 8th. This represents a $4.08 annualized dividend and a yield of 5.23%. Toronto-Dominion Bank's dividend payout ratio (DPR) is presently 64.45%.

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.