Toronto-Dominion Bank (NYSE:TD) (TSE:TD) – Stock analysts at Desjardins raised their FY2020 EPS estimates for shares of Toronto-Dominion Bank in a report issued on Monday, November 4th. Desjardins analyst D. Young now anticipates that the bank will post earnings per share of $5.32 for the year, up from their previous estimate of $5.21. Desjardins has a “Buy” rating and a $81.00 price objective on the stock.
Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last posted its earnings results on Thursday, August 29th. The bank reported $1.79 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.34 by $0.45. Toronto-Dominion Bank had a return on equity of 16.08% and a net margin of 20.02%. The business had revenue of $10.50 billion during the quarter, compared to analysts’ expectations of $9.80 billion. During the same period in the previous year, the business earned $1.66 earnings per share. The firm’s revenue was up 6.1% on a year-over-year basis.
TD has been the subject of several other reports. Royal Bank of Canada restated a “hold” rating and set a $80.00 target price on shares of Toronto-Dominion Bank in a research report on Monday, October 7th. BMO Capital Markets cut Toronto-Dominion Bank from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $85.00 to $78.00 in a report on Friday, August 30th. Scotiabank set a $80.00 price objective on Toronto-Dominion Bank and gave the stock a “buy” rating in a report on Friday, August 30th. Zacks Investment Research cut Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Saturday, November 2nd. Finally, CIBC set a $83.00 price objective on Toronto-Dominion Bank and gave the stock a “buy” rating in a report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $78.36.
Toronto-Dominion Bank stock opened at $57.84 on Wednesday. Toronto-Dominion Bank has a 52 week low of $47.73 and a 52 week high of $59.55. The business has a 50-day simple moving average of $56.81 and a 200 day simple moving average of $56.61. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.13. The stock has a market cap of $104.37 billion, a price-to-earnings ratio of 11.50, a PEG ratio of 1.78 and a beta of 1.06.
Hedge funds have recently bought and sold shares of the stock. Intact Investment Management Inc. increased its position in Toronto-Dominion Bank by 11.0% during the 2nd quarter. Intact Investment Management Inc. now owns 2,211,595 shares of the bank’s stock valued at $168,944,000 after buying an additional 219,700 shares in the last quarter. Atria Investments LLC increased its position in Toronto-Dominion Bank by 1,018.1% during the 2nd quarter. Atria Investments LLC now owns 44,937 shares of the bank’s stock valued at $286,000 after buying an additional 40,918 shares in the last quarter. Successful Portfolios LLC bought a new position in Toronto-Dominion Bank during the 2nd quarter valued at approximately $205,000. Welch & Forbes LLC increased its position in Toronto-Dominion Bank by 1.2% during the 2nd quarter. Welch & Forbes LLC now owns 364,181 shares of the bank’s stock valued at $21,254,000 after buying an additional 4,482 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its position in Toronto-Dominion Bank by 29.7% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 30,811 shares of the bank’s stock valued at $1,796,000 after buying an additional 7,047 shares in the last quarter. 47.59% of the stock is owned by institutional investors.
The business also recently disclosed a — dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were given a dividend of $0.556 per share. This represents a yield of 4.1%. The ex-dividend date was Wednesday, October 9th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 44.53%.
About Toronto-Dominion Bank
The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. The company operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. It offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; financing options to customers at point of sale for automotive and recreational vehicle purchases through auto dealer network; credit cards; investing, advice-based, and asset management services to retail and institutional clients; and property and casualty insurance, as well as life and health insurance products.
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