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

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its target price increased by CIBC from C$94.00 to C$96.00 in a research report released on Friday morning,BayStreet.CA reports.

Several other research firms have also recently commented on TD. Cormark decreased their price target on shares of Toronto-Dominion Bank from C$99.00 to C$94.00 in a research note on Friday, December 6th. Scotiabank reduced their price objective on shares of Toronto-Dominion Bank from C$83.00 to C$82.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 20th. Canaccord Genuity Group raised their price objective on shares of Toronto-Dominion Bank from C$87.00 to C$89.00 in a research note on Monday, December 16th. Royal Bank of Canada raised their price objective on shares of 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 note on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Toronto-Dominion Bank currently has an average rating of “Hold” and an average target price of C$88.83.

Toronto-Dominion Bank Price Performance

TD opened at C$86.64 on Friday. Toronto-Dominion Bank has a one year low of C$73.22 and a one year high of C$87.99. The company’s 50 day simple moving average is C$81.46 and its 200-day simple moving average is C$80.69. The stock has a market capitalization of C$152.00 billion, a P/E ratio of 17.17, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82.

Toronto-Dominion Bank Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 4.85%. Toronto-Dominion Bank’s payout ratio is 80.84%.

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.