Toronto-Dominion Bank (TSE:TD) Rating Lowered to “Hold” at Canadian Imperial Bank of Commerce

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) was downgraded by stock analysts at Canadian Imperial Bank of Commerce from an “outperform” rating to a “hold” rating in a research note issued on Friday, MarketBeat.com reports. They presently have a C$136.00 price target on the stock, up from their prior price target of C$129.00. Canadian Imperial Bank of Commerce’s price objective indicates a potential upside of 4.67% from the company’s current price.

Other analysts also recently issued reports about the company. Scotiabank raised their price objective on Toronto-Dominion Bank from C$125.00 to C$132.00 in a research report on Friday, January 9th. Jefferies Financial Group dropped their target price on shares of Toronto-Dominion Bank from C$130.00 to C$128.00 in a report on Wednesday. UBS Group boosted their target price on Toronto-Dominion Bank from C$122.00 to C$126.00 in a research report on Monday, December 8th. Desjardins raised their price target on Toronto-Dominion Bank from C$133.00 to C$139.00 and gave the stock a “buy” rating in a research report on Monday, February 9th. Finally, Raymond James Financial lifted their price objective on Toronto-Dominion Bank from C$119.00 to C$122.00 and gave the company a “market perform” rating in a research note on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Toronto-Dominion Bank presently has an average rating of “Moderate Buy” and an average price target of C$131.33.

Toronto-Dominion Bank Price Performance

Shares of TSE TD opened at C$129.93 on Friday. The company has a market capitalization of C$217.86 billion, a P/E ratio of 11.24, a P/E/G ratio of 1.22 and a beta of 1.00. The company has a 50 day simple moving average of C$129.22 and a 200-day simple moving average of C$116.35. Toronto-Dominion Bank has a 1 year low of C$78.06 and a 1 year high of C$134.50.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last issued its quarterly earnings data on Thursday, December 4th. The company reported C$2.18 earnings per share for the quarter. The company had revenue of C$16.03 billion during the quarter. Toronto-Dominion Bank had a return on equity of 7.84% and a net margin of 15.80%. As a group, research analysts expect that Toronto-Dominion Bank will post 7.2160149 EPS for the current year.

About Toronto-Dominion Bank

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.