Cormark Raises Earnings Estimates for Toronto-Dominion Bank

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) – Analysts at Cormark boosted their FY2026 earnings per share estimates for shares of Toronto-Dominion Bank in a research report issued to clients and investors on Friday, May 23rd. Cormark analyst L. Persaud now forecasts that the company will post earnings per share of $8.84 for the year, up from their previous estimate of $8.66. The consensus estimate for Toronto-Dominion Bank’s current full-year earnings is $7.22 per share.

TD has been the topic of a number of other research reports. UBS Group lifted their target price on Toronto-Dominion Bank from C$83.00 to C$90.00 in a research report on Friday, February 14th. National Bankshares set a C$80.00 target price on Toronto-Dominion Bank and gave the company a “sector perform” rating in a research report on Thursday. CIBC reduced their price target on Toronto-Dominion Bank from C$95.00 to C$94.00 in a report on Thursday. Jefferies Financial Group cut Toronto-Dominion Bank from a “buy” rating to a “hold” rating and lifted their price target for the stock from C$90.00 to C$99.00 in a report on Tuesday, February 18th. Finally, Scotiabank upgraded Toronto-Dominion Bank to a “hold” rating in a report on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of C$88.67.

Toronto-Dominion Bank Trading Up 0.1%

TD stock opened at C$92.91 on Monday. The stock has a 50-day moving average price of C$86.01 and a two-hundred day moving average price of C$82.49. The stock has a market cap of C$163.00 billion, a PE ratio of 18.41, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82. Toronto-Dominion Bank has a 1 year low of C$73.22 and a 1 year high of C$93.83.

Toronto-Dominion Bank Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 10th will be paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 4.52%. Toronto-Dominion Bank’s payout ratio is presently 80.84%.

Insiders Place Their Bets

In other Toronto-Dominion Bank news, Director Ana Arsov bought 3,483 shares of the business’s stock in a transaction on Friday, April 11th. The stock was purchased at an average cost of C$80.24 per share, for a total transaction of C$279,475.92. Also, Director Michael A. French sold 9,288 shares of the company’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of C$85.25, for a total value of C$791,802.00. Corporate insiders own 0.08% of the company’s stock.

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.