Desjardins Has Positive Outlook of TSE:TD FY2025 Earnings

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) – Investment analysts at Desjardins lifted their FY2025 earnings estimates for Toronto-Dominion Bank in a report released on Thursday, August 28th. Desjardins analyst D. Young now expects that the company will post earnings per share of $8.25 for the year, up from their previous forecast of $8.00. Desjardins currently has a “Buy” rating and a $110.00 price objective on the stock. The consensus estimate for Toronto-Dominion Bank’s current full-year earnings is $7.22 per share. Desjardins also issued estimates for Toronto-Dominion Bank’s FY2026 earnings at $8.75 EPS.

Other equities analysts have also issued research reports about the stock. Canaccord Genuity Group lifted their price target on shares of Toronto-Dominion Bank from C$109.00 to C$113.00 and gave the company a “buy” rating in a research report on Friday. CIBC lifted their target price on Toronto-Dominion Bank from C$99.00 to C$109.00 and gave the company an “outperform” rating in a research note on Wednesday, August 20th. Jefferies Financial Group upped their price target on Toronto-Dominion Bank from C$103.00 to C$117.00 in a research note on Wednesday, August 13th. Barclays raised their price objective on shares of Toronto-Dominion Bank from C$95.00 to C$97.00 and gave the stock an “underweight” rating in a report on Friday. Finally, Scotiabank upped their target price on Toronto-Dominion Bank from C$95.00 to C$104.00 and gave the stock a “sector perform” rating in a report on Friday. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of C$99.92.

Toronto-Dominion Bank Price Performance

TD opened at C$103.12 on Monday. The business has a 50-day moving average of C$101.33 and a 200-day moving average of C$92.59. Toronto-Dominion Bank has a fifty-two week low of C$73.22 and a fifty-two week high of C$108.68. The company has a market capitalization of C$177.62 billion, a PE ratio of 10.70, a price-to-earnings-growth ratio of 1.22 and a beta of 0.86.

Insider Buying and Selling

In related news, Senior Officer Melanie Burns sold 6,272 shares of the stock in a transaction on Friday, June 20th. The stock was sold at an average price of C$97.46, for a total value of C$611,269.12. 0.08% of the stock is owned by insiders.

Toronto-Dominion Bank Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Thursday, July 31st were issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Thursday, July 10th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 42.95%.

Toronto-Dominion Bank Company Profile

Toronto-Dominion is one of Canada’s two largest banks and operates three business segments: Canadian retail banking, U.S. retail banking, and wholesale banking. The bank’s U.S. operations span from Maine to Florida, with a strong presence in the Northeast. It also has a 13% ownership stake in Charles Schwab.