FY2024 EPS Estimate for Toronto-Dominion Bank Cut by Analyst

The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) – Stock analysts at Cormark lowered their FY2024 earnings per share (EPS) estimates for shares of Toronto-Dominion Bank in a research note issued to investors on Monday, November 25th. Cormark analyst L. Persaud now forecasts that the bank will post earnings per share of $5.69 for the year, down from their previous estimate of $5.84. The consensus estimate for Toronto-Dominion Bank’s current full-year earnings is $5.46 per share. Cormark also issued estimates for Toronto-Dominion Bank’s Q4 2024 earnings at $1.30 EPS.

Other equities research analysts have also issued reports about the company. Barclays lowered Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research report on Thursday, November 21st. StockNews.com downgraded shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Thursday, August 22nd. National Bank Financial upgraded shares of Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a research report on Thursday, August 22nd. Finally, Royal Bank of Canada cut shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a report on Friday, October 11th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $84.00.

Toronto-Dominion Bank Trading Up 0.9 %

NYSE:TD opened at $56.39 on Wednesday. The stock has a fifty day simple moving average of $58.49 and a 200 day simple moving average of $57.72. The firm has a market capitalization of $98.70 billion, a price-to-earnings ratio of 18.02, a price-to-earnings-growth ratio of 1.92 and a beta of 0.82. Toronto-Dominion Bank has a 1-year low of $53.52 and a 1-year high of $65.12. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.10.

Institutional Investors Weigh In On Toronto-Dominion Bank

A number of institutional investors have recently added to or reduced their stakes in the company. CWM LLC increased its holdings in Toronto-Dominion Bank by 2.4% in the 3rd quarter. CWM LLC now owns 7,208 shares of the bank’s stock valued at $456,000 after buying an additional 170 shares during the period. Pathstone Holdings LLC grew its stake in shares of Toronto-Dominion Bank by 0.8% in the 3rd quarter. Pathstone Holdings LLC now owns 22,309 shares of the bank’s stock valued at $1,411,000 after purchasing an additional 184 shares during the period. First Affirmative Financial Network raised its holdings in shares of Toronto-Dominion Bank by 1.9% in the 2nd quarter. First Affirmative Financial Network now owns 10,120 shares of the bank’s stock worth $556,000 after buying an additional 190 shares in the last quarter. Passumpsic Savings Bank boosted its stake in Toronto-Dominion Bank by 2.6% in the 3rd quarter. Passumpsic Savings Bank now owns 7,530 shares of the bank’s stock valued at $476,000 after buying an additional 194 shares in the last quarter. Finally, Balanced Rock Investment Advisors LLC grew its position in Toronto-Dominion Bank by 1.4% in the second quarter. Balanced Rock Investment Advisors LLC now owns 14,959 shares of the bank’s stock valued at $822,000 after acquiring an additional 203 shares during the period. 52.37% of the stock is owned by institutional investors and hedge funds.

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.