Jefferies Financial Group Cuts Toronto-Dominion Bank (TSE:TD) Price Target to C$74.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price target trimmed by Jefferies Financial Group from C$82.00 to C$74.00 in a report released on Monday morning, BayStreet.CA reports. The firm currently has a hold rating on the stock.

TD has been the topic of a number of other research reports. Canaccord Genuity Group increased their price target on Toronto-Dominion Bank from C$95.00 to C$96.00 and gave the company a buy rating in a research note on Friday, March 1st. CIBC lowered their price objective on shares of Toronto-Dominion Bank from C$88.00 to C$86.00 and set a neutral rating for the company in a research report on Friday, March 8th. Bank of America lowered their price objective on shares of Toronto-Dominion Bank from C$88.00 to C$86.00 in a research report on Wednesday, February 14th. BMO Capital Markets increased their target price on Toronto-Dominion Bank from C$81.00 to C$86.00 in a report on Friday, April 5th. Finally, Scotiabank upgraded Toronto-Dominion Bank from a sector perform rating to an outperform rating and increased their target price for the stock from C$86.00 to C$93.00 in a report on Wednesday, April 17th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus target price of C$89.23.

Toronto-Dominion Bank Price Performance

TSE TD opened at C$76.90 on Monday. The firm has a market cap of C$136.11 billion, a PE ratio of 12.15, a price-to-earnings-growth ratio of 1.08 and a beta of 0.83. Toronto-Dominion Bank has a one year low of C$73.98 and a one year high of C$87.10. The stock’s 50 day simple moving average is C$80.29 and its 200 day simple moving average is C$81.34.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last posted its quarterly earnings data on Thursday, February 29th. The company reported C$2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.93 by C$0.07. Toronto-Dominion Bank had a return on equity of 10.72% and a net margin of 23.86%. The firm had revenue of C$13.71 billion for the quarter, compared to the consensus estimate of C$12.63 billion. As a group, equities analysts expect that Toronto-Dominion Bank will post 7.8654048 earnings per share for the current year.

Toronto-Dominion Bank Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 30th were paid a dividend of $1.02 per share. The ex-dividend date of this dividend was Monday, April 8th. This represents a $4.08 dividend on an annualized basis and a yield of 5.31%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 64.45%.

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.