Toronto-Dominion Bank (TSE:TD) Given a C$82.00 Price Target by UBS Group Analysts

UBS Group set a C$82.00 price target on Toronto-Dominion Bank (TSE:TD) (NYSE:TD) in a research note released on Tuesday, BayStreet.CA reports. The firm currently has a neutral rating on the stock.

Other research analysts have also recently issued research reports about the stock. BMO Capital Markets dropped their target price on shares of Toronto-Dominion Bank from C$86.00 to C$84.00 and set a market perform rating for the company in a report on Friday, May 24th. Canaccord Genuity Group raised their price objective on shares of Toronto-Dominion Bank from C$91.00 to C$93.50 and gave the company a buy rating in a report on Friday, May 24th. National Bank Financial lowered shares of Toronto-Dominion Bank from a hold rating to a strong sell rating in a report on Thursday, May 23rd. Jefferies Financial Group dropped their price objective on shares of Toronto-Dominion Bank from C$76.00 to C$73.00 and set a hold rating for the company in a report on Thursday, June 6th. Finally, Scotiabank dropped their price objective on shares of Toronto-Dominion Bank from C$90.00 to C$87.00 and set an outperform rating for the company in a report on Friday, May 24th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Toronto-Dominion Bank presently has a consensus rating of Moderate Buy and a consensus target price of C$86.97.

Toronto-Dominion Bank Stock Performance

Shares of TD opened at C$75.58 on Tuesday. Toronto-Dominion Bank has a twelve month low of C$73.67 and a twelve month high of C$87.10. The firm’s 50 day moving average price is C$76.66 and its two-hundred day moving average price is C$79.83. The firm has a market cap of C$133.02 billion, a P/E ratio of 12.80, a PEG ratio of 1.08 and a beta of 0.82.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last posted its quarterly earnings results on Thursday, May 23rd. The company reported C$2.04 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of C$13.82 billion for the quarter, compared to analyst estimates of C$13.38 billion. On average, sell-side analysts anticipate that Toronto-Dominion Bank will post 7.8691589 earnings per share for the current fiscal year.

Toronto-Dominion Bank Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 10th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 5.40%. The ex-dividend date is Wednesday, July 10th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 69.39%.

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.