Toronto-Dominion Bank (TSE:TD) Upgraded to "Hold" at National Bank Financial

National Bank Financial upgraded shares of Toronto-Dominion Bank (TSE:TD - Free Report) NYSE: TD from a strong sell rating to a hold rating in a research report report published on Thursday, Zacks.com reports. National Bank Financial also issued estimates for Toronto-Dominion Bank's Q4 2024 earnings at $1.86 EPS, FY2024 earnings at $7.92 EPS and FY2025 earnings at $7.82 EPS.

A number of other equities analysts have also recently issued reports on TD. Desjardins cut their target price on Toronto-Dominion Bank from C$91.00 to C$90.00 and set a buy rating on the stock in a report on Friday. UBS Group set a C$82.00 price objective on shares of Toronto-Dominion Bank and gave the company a neutral rating in a research note on Tuesday, July 2nd. Bank of America boosted their target price on shares of Toronto-Dominion Bank from C$85.00 to C$90.00 in a research report on Friday. National Bankshares raised Toronto-Dominion Bank from an underperform rating to a sector perform rating and boosted their price objective for the stock from C$74.00 to C$78.00 in a report on Friday. Finally, Jefferies Financial Group raised their target price on Toronto-Dominion Bank from C$73.00 to C$82.00 and gave the company a hold rating in a report on Monday, August 12th. Six investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of C$87.23.

Toronto-Dominion Bank Price Performance

Shares of Toronto-Dominion Bank stock traded up C$0.59 on Thursday, hitting C$80.18. 4,468,370 shares of the company's stock traded hands, compared to its average volume of 7,113,250. The company has a market capitalization of C$141.12 billion, a price-to-earnings ratio of 13.43, a price-to-earnings-growth ratio of 1.08 and a beta of 0.82. The company has a fifty day moving average of C$77.91 and a two-hundred day moving average of C$78.70. Toronto-Dominion Bank has a one year low of C$73.67 and a one year high of C$86.89.

Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD last posted its quarterly earnings results on Thursday, May 23rd. The company reported C$2.04 EPS for the quarter, topping analysts' consensus estimates of C$1.84 by C$0.20. Toronto-Dominion Bank had a net margin of 21.91% and a return on equity of 9.89%. The business had revenue of C$13.82 billion during the quarter, compared to analysts' expectations of C$13.38 billion. Equities research analysts anticipate that Toronto-Dominion Bank will post 8.3985432 earnings per share for the current year.

Toronto-Dominion Bank Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 5.09%. The ex-dividend date is Thursday, October 10th. Toronto-Dominion Bank's payout ratio is currently 68.34%.

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.