Toronto-Dominion Bank (TSE:TD) Stock Rating Lowered by CIBC World Markets

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) was downgraded by stock analysts at CIBC World Markets from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Friday,BayStreet.CA reports. They presently have a C$136.00 target price on the stock, up from their previous target price of C$129.00. CIBC World Markets’ price objective would suggest a potential upside of 5.21% from the stock’s current price.

A number of other equities analysts have also commented on the company. Canadian Imperial Bank of Commerce raised their price target on Toronto-Dominion Bank from C$122.00 to C$129.00 and gave the stock an “outperform” rating in a report on Thursday, December 11th. Scotiabank raised their target price on Toronto-Dominion Bank from C$125.00 to C$132.00 in a research note on Friday, January 9th. BMO Capital Markets upped their price target on Toronto-Dominion Bank from C$128.00 to C$135.00 in a research report on Wednesday, December 17th. Natl Bk Canada raised shares of Toronto-Dominion Bank from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 17th. Finally, National Bank Financial raised shares of Toronto-Dominion Bank from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from C$124.00 to C$134.00 in a research note on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$131.15.

Toronto-Dominion Bank Stock Performance

TSE TD traded down C$0.92 during trading on Friday, hitting C$129.26. 1,847,934 shares of the company’s stock traded hands, compared to its average volume of 7,588,959. The stock has a market capitalization of C$216.74 billion, a price-to-earnings ratio of 11.18, a PEG ratio of 1.22 and a beta of 1.00. Toronto-Dominion Bank has a 12-month low of C$78.06 and a 12-month high of C$134.50. The business has a 50 day moving average of C$129.06 and a 200-day moving average of C$116.05.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last posted its quarterly earnings results on Thursday, December 4th. The company reported C$2.18 earnings per share (EPS) for the quarter. The company had revenue of C$16.03 billion for the quarter. Toronto-Dominion Bank had a net margin of 15.80% and a return on equity of 7.84%. On average, analysts expect that Toronto-Dominion Bank will post 7.2160149 EPS for the current year.

About Toronto-Dominion Bank

Toronto-Dominion is one of Canada’s two largest banks and operates three business segments: Canadian retail banking, U.S. retail banking, and wholesale banking. The bank’s U.S. operations span from Maine to Florida, with a strong presence in the Northeast. It also has a 13% ownership stake in Charles Schwab.