CIBC Boosts Toronto-Dominion Bank (TSE:TD) Price Target to C$94.00

Toronto-Dominion Bank (TSE:TD - Free Report) NYSE: TD had its price objective hoisted by CIBC from C$90.00 to C$94.00 in a report published on Tuesday morning,BayStreet.CA reports.

A number of other analysts have also recently weighed in on the company. Desjardins cut Toronto-Dominion Bank from a "moderate buy" rating to a "hold" rating in a research report on Thursday, December 5th. BMO Capital Markets raised Toronto-Dominion Bank from a "market perform" rating to an "outperform" rating and set a C$90.00 target price on the stock in a research report on Thursday, December 19th. UBS Group boosted their price target on shares of Toronto-Dominion Bank from C$83.00 to C$90.00 in a report on Friday, February 14th. Barclays cut shares of Toronto-Dominion Bank from a "hold" rating to a "strong sell" rating in a report on Thursday, November 21st. Finally, Cormark reduced their target price on shares of Toronto-Dominion Bank from C$99.00 to C$94.00 in a research note on Friday, December 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Toronto-Dominion Bank has an average rating of "Hold" and a consensus price target of C$88.67.

Toronto-Dominion Bank Trading Down 0.5 %

TD traded down C$0.47 on Tuesday, hitting C$85.12. 2,790,524 shares of the company's stock were exchanged, compared to its average volume of 9,097,726. The firm has a market cap of C$149.33 billion, a PE ratio of 16.87, a P/E/G ratio of 1.22 and a beta of 0.82. Toronto-Dominion Bank has a twelve month low of C$73.22 and a twelve month high of C$87.99. The stock has a fifty day moving average of C$80.39 and a two-hundred day moving average of C$80.41.

Toronto-Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 31st were paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 4.93%. The ex-dividend date was Friday, January 10th. This is a positive change from Toronto-Dominion Bank's previous quarterly dividend of $1.02. Toronto-Dominion Bank's dividend payout ratio (DPR) is currently 80.84%.

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.