Toronto-Dominion Bank (TD) – Analysts’ Weekly Ratings Updates

Toronto-Dominion Bank (TSE: TD) has recently received a number of price target changes and ratings updates:

• 5/9/2023 – Toronto-Dominion Bank was downgraded by analysts at Barclays PLC from an “overweight” rating to an “equal weight” rating. They now have a C$83.00 price target on the stock, down previously from C$101.00.
• 5/5/2023 – Toronto-Dominion Bank had its price target lowered by analysts at National Bankshares, Inc. from C$102.00 to C$98.00. They now have a “sector perform” rating on the stock.
• 5/5/2023 – Toronto-Dominion Bank had its price target lowered by analysts at BMO Capital Markets from C$91.00 to C$85.00.
• 5/4/2023 – Toronto-Dominion Bank had its price target lowered by analysts at Royal Bank of Canada from C$110.00 to C$95.00. They now have an “outperform” rating on the stock.
• 4/19/2023 – Toronto-Dominion Bank had its price target lowered by analysts at BMO Capital Markets from C$93.00 to C$91.00.
• 4/18/2023 – Toronto-Dominion Bank was upgraded by analysts at CIBC from a “neutral” rating to an “outperform” rating. They now have a C$97.00 price target on the stock, down previously from C$100.00.
• 3/30/2023 – Toronto-Dominion Bank had its price target lowered by analysts at Cormark from C$105.00 to C$98.00.
• 3/27/2023 – Toronto-Dominion Bank had its price target lowered by analysts at Royal Bank of Canada from C$113.00 to C$110.00.

Toronto-Dominion Bank Price Performance

Toronto-Dominion Bank stock opened at C$82.88 on Tuesday. The firm’s 50 day simple moving average is C$81.34 and its 200-day simple moving average is C$86.66. The company has a market cap of C$151.67 billion, a P/E ratio of 10.02, a price-to-earnings-growth ratio of 1.06 and a beta of 0.84. The Toronto-Dominion Bank has a fifty-two week low of C$76.40 and a fifty-two week high of C$97.13.

Toronto-Dominion Bank (TSE:TD – Get Rating) (NYSE:TD) last released its earnings results on Thursday, March 2nd. The company reported C$2.23 earnings per share for the quarter, topping the consensus estimate of C$2.16 by C$0.07. Toronto-Dominion Bank had a net margin of 31.78% and a return on equity of 14.29%. The business had revenue of C$12.23 billion for the quarter, compared to the consensus estimate of C$12.12 billion. On average, analysts expect that The Toronto-Dominion Bank will post 8.6199575 EPS for the current fiscal year.

Toronto-Dominion Bank Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Sunday, April 30th. Investors of record on Thursday, April 6th were given a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 4.63%. The ex-dividend date was Wednesday, April 5th. Toronto-Dominion Bank’s payout ratio is presently 46.43%.

Insider Activity at Toronto-Dominion Bank

In related news, Senior Officer Riaz Ahmed sold 37,832 shares of the business’s stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of C$89.01, for a total transaction of C$3,367,426.32. 0.10% of the stock is currently owned by insiders.

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking segments. The company offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; and financing options to customers at point of sale for automotive and recreational vehicle purchases.