Royal Bank of Canada Cuts Toronto-Dominion Bank (TSE:TD) Price Target to $88.00

Toronto-Dominion Bank (TSE:TD – Get a Free Report) (NYSE:TD) The price target was decreased by analysts at Royal Bank of Canada from $89.00 to $88.00 in a research note issued on Friday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective would suggest a potential upside of 9.75% from the stock’s previous close.

A number of other equities research analysts have also recently weighed in on the company. Scotiabank cut their price target on Toronto-Dominion Bank from $87.00 to $86.00 in a report on Monday, August 19th. Canaccord Genuity Group boosted their price target on Toronto-Dominion Bank from $91.00 to $93.50 and gave the company a “buy” rating in a report on Friday, May 24th. Cormark raised their target price on Toronto-Dominion Bank from $86.00 to $87.00 and gave the stock a “buy” rating in a research note on Tuesday, August 20th. National Bankshares reduced their price objective on shares of Toronto-Dominion Bank from $75.00 to $74.00 and set an “underperform” rating on the stock in a research note on Friday, August 16th. Finally, National Bank Financial cut shares of Toronto-Dominion Bank from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 23rd. Six research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Toronto-Dominion Bank currently has an average rating of “Moderate Buy” and a consensus price target of $87.23, according to MarketBeat .

Read our latest research report on Toronto-Dominion Bank

Toronto-Dominion Bank stock rose 0.7%

Shares of TD opened at $80.18 on Friday. Toronto-Dominion Bank has a 52-week low of $73.67 and a 52-week high of $86.89. The company has a 50-day simple moving average of $77.91 and a 200-day simple moving average of $78.70. The company has a market cap of $141.12 billion, a PE ratio of 13.43, a P/E/G ratio of 1.08 and a beta of 0.82.

Toronto-Dominion Bank (TSE:TD – Get Your Free Report ) (NYSE:TD) last posted its earnings results on Thursday, May 23rd. The company reported $2.04 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.20. Toronto-Dominion Bank had a net margin of 21.91% and a return on equity of 9.89%. The company had revenue of $13.82 billion for the quarter, compared to analyst estimates of $13.38 billion. On average, research analysts anticipate that Toronto-Dominion Bank will post 8.3985432 EPS for the current year.

About Toronto-Dominion Bank

(Get a free report)

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, US Retail, Wealth Management and Insurance and Wholesale Banking.

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