Cormark Lowers Earnings Estimates for Toronto-Dominion Bank

The Toronto-Dominion Bank (TSE:TD - Free Report) NYSE: TD - Research analysts at Cormark cut their FY2025 EPS estimates for Toronto-Dominion Bank in a note issued to investors on Friday, December 6th. Cormark analyst L. Persaud now anticipates that the company will earn $7.91 per share for the year, down from their prior forecast of $8.10. The consensus estimate for Toronto-Dominion Bank's current full-year earnings is $7.22 per share. Cormark also issued estimates for Toronto-Dominion Bank's FY2026 earnings at $8.56 EPS.

TD has been the topic of several other reports. Barclays downgraded Toronto-Dominion Bank from a "hold" rating to a "strong sell" rating in a report on Thursday, November 21st. Canaccord Genuity Group dropped their price target on shares of Toronto-Dominion Bank from C$89.00 to C$87.00 in a research note on Friday. BMO Capital Markets raised their price objective on shares of Toronto-Dominion Bank from C$84.00 to C$94.00 in a research note on Monday, November 18th. Royal Bank of Canada downgraded shares of Toronto-Dominion Bank from an "outperform" rating to a "sector perform" rating and dropped their target price for the stock from C$88.00 to C$82.00 in a research note on Friday, October 11th. Finally, Jefferies Financial Group raised their price target on shares of Toronto-Dominion Bank from C$73.00 to C$82.00 and gave the company a "hold" rating in a research report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Toronto-Dominion Bank currently has an average rating of "Hold" and a consensus price target of C$86.00.

View Our Latest Report on Toronto-Dominion Bank

Toronto-Dominion Bank Price Performance

Shares of TSE TD opened at C$73.51 on Monday. Toronto-Dominion Bank has a 1 year low of C$73.22 and a 1 year high of C$87.99. The firm has a 50-day moving average of C$80.01 and a 200 day moving average of C$79.19. The stock has a market cap of C$128.64 billion, a P/E ratio of 17.02, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82.

Toronto-Dominion Bank Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 31st were given a $1.02 dividend. The ex-dividend date was Thursday, October 10th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 5.55%. Toronto-Dominion Bank's payout ratio is 94.44%.

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.

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