Toronto-Dominion Bank (TSE:TD) Price Target Cut to C$74.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price target dropped by equities researchers at Jefferies Financial Group from C$82.00 to C$74.00 in a research report issued to clients and investors on Monday, BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. Jefferies Financial Group’s price target suggests a potential downside of 2.59% from the stock’s previous close.

TD has been the topic of several other reports. Scotiabank upgraded shares of Toronto-Dominion Bank from a “sector perform” rating to an “outperform” rating and upped their target price for the company from C$86.00 to C$93.00 in a research report on Wednesday, April 17th. BMO Capital Markets boosted their target price on Toronto-Dominion Bank from C$81.00 to C$86.00 in a research report on Friday, April 5th. CIBC lowered their price target on Toronto-Dominion Bank from C$88.00 to C$86.00 and set a “neutral” rating for the company in a research report on Friday, March 8th. National Bankshares cut their price objective on shares of Toronto-Dominion Bank from C$92.00 to C$84.00 and set a “sector perform” rating on the stock in a research report on Friday, May 3rd. Finally, Bank of America lowered their target price on shares of Toronto-Dominion Bank from C$88.00 to C$86.00 in a report on Wednesday, February 14th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Toronto-Dominion Bank presently has a consensus rating of “Moderate Buy” and an average target price of C$89.23.

Toronto-Dominion Bank Stock Performance

Shares of Toronto-Dominion Bank stock opened at C$75.97 on Monday. The stock’s fifty day moving average is C$80.29 and its 200 day moving average is C$81.34. The stock has a market cap of C$134.47 billion, a P/E ratio of 12.00, a P/E/G ratio of 1.08 and a beta of 0.83. Toronto-Dominion Bank has a one year low of C$73.98 and a one year high of C$87.10.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last announced its quarterly earnings data on Thursday, February 29th. The company reported C$2.00 earnings per share (EPS) for the quarter, beating 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 business had revenue of C$13.71 billion during the quarter, compared to analyst estimates of C$12.63 billion. Analysts predict 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.