Toronto-Dominion Bank (TSE:TD) Given New C$94.00 Price Target at National Bankshares

Toronto-Dominion Bank (TSE:TD – Get Rating) (NYSE:TD) had its target price lowered by National Bankshares from C$98.00 to C$94.00 in a report issued on Thursday morning, BayStreet.CA reports.

A number of other equities analysts have also issued reports on the company. Cormark reduced their target price on Toronto-Dominion Bank from C$105.00 to C$98.00 in a research note on Thursday, March 30th. Scotiabank upgraded Toronto-Dominion Bank from a sector perform rating to an outperform rating in a research note on Friday, March 3rd. BMO Capital Markets reduced their price objective on Toronto-Dominion Bank from C$91.00 to C$85.00 in a research note on Friday, May 5th. National Bank Financial reduced their price objective on Toronto-Dominion Bank from C$98.00 to C$94.00 in a research note on Thursday. Finally, CSFB reduced their price objective on Toronto-Dominion Bank from C$97.00 to C$94.00 in a research note on Friday, March 3rd. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of C$96.36.

Toronto-Dominion Bank Stock Down 0.1 %

TD opened at C$82.22 on Thursday. The stock’s fifty day moving average is C$81.05 and its two-hundred day moving average is C$86.56. The company has a market capitalization of C$150.46 billion, a P/E ratio of 9.94, a PEG ratio of 1.06 and a beta of 0.84. Toronto-Dominion Bank has a 52 week low of C$76.40 and a 52 week high of C$97.13.

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

Toronto-Dominion Bank Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, April 30th. Shareholders of record on Thursday, April 6th were given a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 4.67%. The ex-dividend date of this dividend was Wednesday, April 5th. Toronto-Dominion Bank’s payout ratio is 46.43%.

Insider Buying and Selling at Toronto-Dominion Bank

In other news, Senior Officer Riaz Ahmed sold 37,832 shares of the company’s stock in a transaction on Monday, March 6th. The stock was 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 owned by corporate insiders.

Toronto-Dominion Bank Company Profile

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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.