CIBC Issues Positive Forecast for Toronto-Dominion Bank (TSE:TD) Stock Price

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its target price upped by CIBC from C$90.00 to C$94.00 in a research note published on Tuesday morning,BayStreet.CA reports.

Several other research firms have also recently weighed in on TD. Jefferies Financial Group cut shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating and increased their target price for the company from C$90.00 to C$99.00 in a research note on Tuesday. Barclays cut shares of Toronto-Dominion Bank from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 21st. Cormark dropped their target price on shares of Toronto-Dominion Bank from C$99.00 to C$94.00 in a research note on Friday, December 6th. Royal Bank of Canada upped their price target on Toronto-Dominion Bank from C$77.00 to C$86.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 8th. Finally, Desjardins cut shares of Toronto-Dominion Bank from a “moderate buy” rating to a “hold” rating in a research report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of C$88.67.

Toronto-Dominion Bank Stock Up 0.0 %

Shares of TD opened at C$85.59 on Tuesday. Toronto-Dominion Bank has a 12 month low of C$73.22 and a 12 month high of C$87.99. The company’s fifty day moving average is C$80.21 and its 200-day moving average is C$80.38. The firm has a market cap of C$150.16 billion, a price-to-earnings ratio of 16.96, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82.

Toronto-Dominion Bank Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 31st were paid a dividend of $1.05 per share. The ex-dividend date was Friday, January 10th. This represents a $4.20 annualized dividend and a yield of 4.91%. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $1.02. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 80.84%.

Toronto-Dominion Bank Company Profile

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.