Toronto-Dominion Bank (TSE:TD) Price Target Cut to C$84.00 by Analysts at National Bankshares

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective cut by equities research analysts at National Bankshares from C$92.00 to C$84.00 in a report released on Friday, BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bankshares’ price target points to a potential upside of 12.30% from the stock’s previous close.

Several other research firms also recently commented on TD. Canaccord Genuity Group increased their target price on Toronto-Dominion Bank from C$95.00 to C$96.00 and gave the company a “buy” rating in a research report on Friday, March 1st. CIBC dropped their price objective on shares of Toronto-Dominion Bank from C$88.00 to C$86.00 and set a “neutral” rating for the company in a report on Friday, March 8th. BMO Capital Markets boosted their target price on shares of Toronto-Dominion Bank from C$81.00 to C$86.00 in a report on Friday, April 5th. Desjardins cut their price target on shares of Toronto-Dominion Bank from C$96.00 to C$94.00 and set a “buy” rating on the stock in a report on Wednesday, February 7th. Finally, Bank of America reduced their price target on Toronto-Dominion Bank from C$88.00 to C$86.00 in a research report on Wednesday, February 14th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$90.48.

Toronto-Dominion Bank Trading Down 5.8 %

Shares of Toronto-Dominion Bank stock opened at C$74.80 on Friday. The firm has a market capitalization of C$132.40 billion, a PE ratio of 11.82, a price-to-earnings-growth ratio of 1.08 and a beta of 0.83. The firm’s 50 day moving average is C$80.50 and its 200 day moving average is C$81.38. Toronto-Dominion Bank has a 1 year low of C$74.03 and a 1 year high of C$87.10.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last posted 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. Toronto-Dominion Bank had a net margin of 23.86% and a return on equity of 10.72%. The firm had revenue of C$13.71 billion for the quarter, compared to analysts’ expectations of C$12.63 billion. As a group, research analysts anticipate that Toronto-Dominion Bank will post 7.8654048 earnings per share 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.