Toronto-Dominion Bank (TSE:TD) (NYSE:TD) – Stock analysts at Cormark raised their FY2018 EPS estimates for shares of Toronto-Dominion Bank in a report issued on Friday. Cormark analyst M. Grauman now forecasts that the company will earn $6.02 per share for the year, up from their previous estimate of $5.98. Cormark also issued estimates for Toronto-Dominion Bank’s FY2019 earnings at $6.46 EPS.
Several other equities analysts have also recently commented on TD. Canaccord Genuity increased their price target on shares of Toronto-Dominion Bank from C$74.00 to C$78.00 in a research report on Wednesday, November 1st. CIBC increased their price target on shares of Toronto-Dominion Bank from C$73.00 to C$79.00 in a research report on Monday, November 13th. BMO Capital Markets increased their price target on shares of Toronto-Dominion Bank from C$74.00 to C$76.00 in a research report on Friday, December 1st. CSFB increased their price target on shares of Toronto-Dominion Bank from C$75.00 to C$77.00 in a research report on Friday, December 1st. Finally, Eight Capital increased their price target on shares of Toronto-Dominion Bank from C$73.00 to C$76.00 in a research report on Friday, December 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of C$77.33.
Shares of Toronto-Dominion Bank (TSE:TD) traded down C$0.20 during mid-day trading on Monday, hitting C$72.35. 510,714 shares of the stock traded hands, compared to its average volume of 3,319,689. Toronto-Dominion Bank has a twelve month low of C$61.50 and a twelve month high of C$75.21. The company has a market capitalization of $133,740.00, a PE ratio of 13.21 and a beta of 0.55.
Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last issued its quarterly earnings results on Thursday, November 30th. The company reported C$1.36 EPS for the quarter, missing the consensus estimate of C$1.41 by C($0.05). Toronto-Dominion Bank had a return on equity of 15.43% and a net margin of 28.14%. The company had revenue of C$9.27 billion for the quarter, compared to the consensus estimate of C$9.03 billion.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Wednesday, January 10th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Tuesday, January 9th. This represents a $2.40 annualized dividend and a yield of 3.32%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 42.81%.
In related news, insider Robert E. Dorrance sold 374,400 shares of the stock in a transaction dated Monday, December 4th. The shares were sold at an average price of C$73.69, for a total transaction of C$27,589,536.00. Also, insider Theresa Lynn Currie sold 59,560 shares of the stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of C$72.64, for a total transaction of C$4,326,438.40.
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About Toronto-Dominion Bank
Toronto-Dominion Bank (the Bank) is a Canada-based bank, which operates in the North America. It is an online financial services firm, with over 10.2 million online and mobile customers. Its segments include Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. The Canadian Retail segment provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses.
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