Cormark Has Lowered Expectations for Toronto-Dominion Bank (TSE:TD) Stock Price

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its target price reduced by investment analysts at Cormark from C$99.00 to C$94.00 in a note issued to investors on Friday,BayStreet.CA reports. Cormark’s price objective indicates a potential upside of 27.87% from the stock’s previous close. Cormark also issued estimates for Toronto-Dominion Bank’s FY2025 earnings at $7.91 EPS and FY2026 earnings at $8.56 EPS.

Several other brokerages also recently issued reports on TD. Jefferies Financial Group lifted their price target on shares of 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. Canaccord Genuity Group dropped their target price on shares of Toronto-Dominion Bank from C$91.50 to C$89.00 in a research note on Tuesday, November 19th. National Bank Financial raised shares of Toronto-Dominion Bank from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 22nd. National Bankshares dropped their target price on shares of Toronto-Dominion Bank from C$85.00 to C$80.00 in a research note on Friday. Finally, CIBC dropped their target price on shares of Toronto-Dominion Bank from C$96.00 to C$93.00 in a research note on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of C$86.00.

Toronto-Dominion Bank Stock Down 0.7 %

Shares of TD stock opened at C$73.51 on Friday. Toronto-Dominion Bank has a 12-month low of C$73.22 and a 12-month high of C$87.99. The company has a market capitalization of C$128.64 billion, a P/E ratio of 17.02, a P/E/G ratio of 1.22 and a beta of 0.82. The firm has a 50-day moving average price of C$80.01 and a 200 day moving average price of C$79.19.

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.