Toronto-Dominion Bank (TD) Given a C$81.00 Price Target by CSFB Analysts

CSFB set a C$81.00 target price on Toronto-Dominion Bank (TSE:TD) (NYSE:TD) in a research report sent to investors on Thursday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other research analysts have also recently commented on the company. National Bank Financial lowered their target price on Toronto-Dominion Bank from C$85.00 to C$83.00 and set an outperform rating for the company in a research note on Friday, March 1st. Canaccord Genuity lowered their target price on Toronto-Dominion Bank from C$84.00 to C$82.00 in a research note on Wednesday. Finally, Desjardins boosted their target price on Toronto-Dominion Bank from C$82.00 to C$83.00 in a research note on Tuesday. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The company has an average rating of Buy and a consensus target price of C$84.85.

TD traded down C$0.16 on Thursday, hitting C$74.25. 867,309 shares of the company were exchanged, compared to its average volume of 3,630,545. Toronto-Dominion Bank has a twelve month low of C$65.56 and a twelve month high of C$80.05. The stock has a market capitalization of $135.71 billion and a price-to-earnings ratio of 12.30.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last released its earnings results on Thursday, February 28th. The company reported C$1.57 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$1.73 by C($0.16). The company had revenue of C$10 billion during the quarter, compared to analysts’ expectations of C$9.67 billion. As a group, equities research analysts anticipate that Toronto-Dominion Bank will post 7.36999967313307 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 10th were given a dividend of $0.74 per share. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.67. This represents a $2.96 annualized dividend and a dividend yield of 3.99%. The ex-dividend date of this dividend was Tuesday, April 9th. Toronto-Dominion Bank’s dividend payout ratio is currently 44.36%.

Toronto-Dominion Bank Company Profile

The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. The company operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. It offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to 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.

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

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