Cormark Lowers Toronto-Dominion Bank (TSE:TD) Price Target to C$94.00

Toronto-Dominion Bank (TSE:TD - Free Report) NYSE: TD had its price objective decreased by Cormark from C$99.00 to C$94.00 in a report issued on Friday,BayStreet.CA reports. Cormark also issued estimates for Toronto-Dominion Bank's FY2025 earnings at $7.91 EPS and FY2026 earnings at $8.56 EPS.

A number of other analysts also recently weighed in on TD. Desjardins cut their price target on shares of Toronto-Dominion Bank from C$91.00 to C$90.00 and set a "buy" rating on the stock in a research report on Friday, August 23rd. CIBC reduced their price target on shares of Toronto-Dominion Bank from C$96.00 to C$93.00 in a research report on Tuesday, November 26th. National Bank Financial raised shares of Toronto-Dominion Bank from a "strong sell" rating to a "hold" rating in a report on Thursday, August 22nd. Jefferies Financial Group raised their price objective on Toronto-Dominion Bank from C$73.00 to C$82.00 and gave the stock a "hold" rating in a research note on Monday, August 12th. Finally, BMO Capital Markets boosted their target price on Toronto-Dominion Bank from C$84.00 to C$94.00 in a research note on Monday, November 18th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of C$86.00.

Toronto-Dominion Bank Stock Down 0.7 %

TSE TD traded down C$0.51 on Friday, reaching C$73.51. The company had a trading volume of 9,313,455 shares, compared to its average volume of 7,415,022. Toronto-Dominion Bank has a 52 week low of C$73.22 and a 52 week high of C$87.99. The stock has a market cap of C$128.64 billion, a price-to-earnings ratio of 17.02, a PEG ratio of 1.22 and a beta of 0.82. The stock's 50 day moving average is C$80.01 and its 200-day moving average is C$79.19.

Toronto-Dominion Bank Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 31st were given a dividend of $1.02 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $4.08 annualized dividend and a dividend yield of 5.55%. Toronto-Dominion Bank's dividend payout ratio is currently 94.44%.

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.