Cormark Has Bullish Forecast for TSE:TD FY2024 Earnings

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) – Stock analysts at Cormark lifted their FY2024 EPS estimates for shares of Toronto-Dominion Bank in a research note issued to investors on Monday, November 25th. Cormark analyst L. Persaud now forecasts that the company will post earnings of $7.90 per share for the year, up from their previous forecast of $7.89. 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 $8.74 EPS.

Other equities research analysts also recently issued research reports about the company. Barclays downgraded Toronto-Dominion Bank from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 21st. National Bankshares upgraded shares of Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating and boosted their price objective for the company from C$74.00 to C$78.00 in a report on Friday, August 23rd. Royal Bank of Canada cut shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from C$88.00 to C$82.00 in a research report on Friday, October 11th. National Bank Financial raised shares of Toronto-Dominion Bank from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 22nd. Finally, Jefferies Financial Group increased their price objective on shares of Toronto-Dominion Bank from C$73.00 to C$82.00 and gave the stock a “hold” rating in a research report on Monday, August 12th. One research analyst has rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of C$87.67.

Toronto-Dominion Bank Trading Down 0.9 %

Shares of TD opened at C$77.81 on Tuesday. Toronto-Dominion Bank has a 12-month low of C$73.67 and a 12-month high of C$87.99. The firm has a market capitalization of C$136.17 billion, a P/E ratio of 18.01, a P/E/G ratio of 1.22 and a beta of 0.82. The firm has a 50-day moving average price of C$81.21 and a 200 day moving average price of C$79.13.

Toronto-Dominion Bank Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 31st were paid a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 5.24%. The ex-dividend date was Thursday, October 10th. Toronto-Dominion Bank’s payout ratio is presently 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.