National Bank Financial Trims Toronto-Dominion Bank (TD) Target Price to C$85.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective cut by National Bank Financial from C$86.00 to C$85.00 in a research note issued to investors on Friday morning. They currently have an outperform rating on the stock. National Bank Financial also issued estimates for Toronto-Dominion Bank’s FY2019 earnings at $6.95 EPS and FY2020 earnings at $7.39 EPS.

TD has been the topic of several other reports. Eight Capital boosted their price target on Toronto-Dominion Bank from C$89.00 to C$93.00 in a research report on Friday, August 31st. Desjardins boosted their price target on Toronto-Dominion Bank from C$86.00 to C$87.00 and gave the stock a buy rating in a research report on Friday, August 31st. Canaccord Genuity reduced their price target on Toronto-Dominion Bank from C$89.00 to C$83.00 in a research report on Thursday, November 22nd. BMO Capital Markets boosted their price target on Toronto-Dominion Bank from C$82.00 to C$83.00 in a research report on Friday, August 31st. Finally, Barclays reduced their price target on Toronto-Dominion Bank from C$78.00 to C$77.00 in a research report on Friday. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of Buy and a consensus target price of C$85.54.

Shares of TSE:TD opened at C$73.06 on Friday. Toronto-Dominion Bank has a 1 year low of C$69.21 and a 1 year high of C$80.05.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last issued its earnings results on Thursday, November 29th. The company reported C$1.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$1.62 by C$0.01. The firm had revenue of C$10.12 billion for the quarter, compared to analysts’ expectations of C$9.55 billion. As a group, equities analysts predict that Toronto-Dominion Bank will post 7.47000011758144 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 31st. Investors of record on Thursday, January 10th will be given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 3.67%. The ex-dividend date of this dividend is Wednesday, January 9th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 45.81%.

In related news, insider Michael George Rhodes sold 25,824 shares of the business’s stock in a transaction that occurred on Wednesday, September 5th. The stock was sold at an average price of C$78.98, for a total transaction of C$2,039,579.52.

About Toronto-Dominion Bank

The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. It operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The company offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to small, medium, and large businesses; financing options to customers at point of sale for automotive and recreational vehicle purchases through auto dealer network; credit cards; investing, advice-based, and asset management services to retail and institutional clients; and property and casualty insurance, as well as life and health insurance products.

Further Reading: Reverse Stock Split

Analyst Recommendations for Toronto-Dominion Bank (TSE:TD)

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