Toronto-Dominion Bank (TSE:TD) Price Target Cut to C$93.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its target price reduced by research analysts at Desjardins from C$104.00 to C$93.00 in a report released on Monday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ target price points to a potential upside of 22.42% from the company’s current price.

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

Toronto-Dominion Bank Stock Up 1.1 %

Shares of TSE:TD opened at C$75.97 on Monday. Toronto-Dominion Bank has a fifty-two week low of C$73.98 and a fifty-two week high of C$87.10. The company has a market cap of C$134.47 billion, a PE ratio of 12.00, a P/E/G ratio of 1.08 and a beta of 0.83. The company’s 50-day moving average price is C$80.29 and its 200 day moving average price is C$81.34.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last released its quarterly earnings results on Thursday, February 29th. The company reported C$2.00 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.93 by C$0.07. Toronto-Dominion Bank had a return on equity of 10.72% and a net margin of 23.86%. The company had revenue of C$13.71 billion for the quarter, compared to analysts’ expectations of C$12.63 billion. As a group, equities analysts anticipate that Toronto-Dominion Bank will post 7.8654048 EPS for the current year.

Toronto-Dominion Bank Company Profile

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.