Canaccord Genuity Group Issues Pessimistic Forecast for Toronto-Dominion Bank (TSE:TD) Stock Price

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its target price decreased by analysts at Canaccord Genuity Group from C$91.50 to C$89.00 in a research note issued on Tuesday,BayStreet.CA reports. Canaccord Genuity Group’s price objective indicates a potential upside of 13.77% from the stock’s previous close.

Several other equities analysts also recently commented on TD. BMO Capital Markets raised their target price on Toronto-Dominion Bank from C$84.00 to C$94.00 in a research report on Monday. Bank of America upped their price target on Toronto-Dominion Bank from C$85.00 to C$90.00 in a research note on Friday, August 23rd. CIBC lowered their price target on Toronto-Dominion Bank from C$100.00 to C$96.00 in a research note on Friday, October 11th. Desjardins reduced their price target on shares of Toronto-Dominion Bank from C$91.00 to C$90.00 and set a “buy” rating on the stock in a research report on Friday, August 23rd. Finally, National Bankshares raised Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating and raised their price objective for the stock from C$74.00 to C$78.00 in a research note on Friday, August 23rd. Six analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$87.23.

Toronto-Dominion Bank Trading Up 0.3 %

Toronto-Dominion Bank stock opened at C$78.23 on Tuesday. Toronto-Dominion Bank has a 1-year low of C$73.67 and a 1-year high of C$87.99. The firm’s fifty day simple moving average is C$81.54 and its 200-day simple moving average is C$79.07. The company has a market capitalization of C$136.90 billion, a P/E ratio of 18.11, a P/E/G ratio of 1.22 and a beta of 0.82.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last posted its quarterly earnings data on Thursday, August 22nd. The company reported C$2.05 earnings per share for the quarter, missing the consensus estimate of C$2.07 by C($0.02). The business had revenue of C$14.18 billion during the quarter, compared to the consensus estimate of C$14.12 billion. Toronto-Dominion Bank had a net margin of 15.72% and a return on equity of 7.33%. On average, equities research analysts predict that Toronto-Dominion Bank will post 7.2160149 earnings per share for the current year.

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.