Recent analysts Ratings: The Toronto-Dominion Bank (NYSE:TD)
- Author: Julie Sanders Mar 03, 2017,
Mar 03, 2017, 5:53
Toronto-Dominion Bank said fiscal first-quarter profit rose 14 percent, led by capital markets and USA banking.
The company recorded first quarter adjusted net income of C$ 2.56 billion or C$ 1.33 per share, while analysts from Thomson Reuters expected income of C$ 0.97 per share.
The stock increased 1.09% or $0.56 during the last trading session, hitting $53.55.
The retail and wholesale bank posted revenue of $8.33 billion in the period. According to these analysts, the Low Revenue Estimate for The Toronto-Dominion Bank is 6.17 Billion and the High Revenue Estimate is 6.8 Billion. State of Tennessee Treasury Department now owns 6,214,496 shares of the company's stock worth $275,744,000 after buying an additional 3,537,645 shares in the last quarter. During the same quarter a year ago, the company posted $1.14 EPS. Scotiabank reaffirmed a "sector perform" rating and set a C$60.00 target price on shares of Toronto-Dominion Bank in a research note on Tuesday, October 25th. The company's 50-day moving average price is $0.00 and its 200-day moving average price is $0.00. Past 5 years growth of Toronto-Dominion Bank (NYSE:TD) observed at 7.39%, and for the next five years the analysts that follow this company are expecting its growth at 5.36%. The stock has a market capitalization of $94.62B and it has 1.86B outstanding shares. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States & global copyright legislation. Bank of America Corp initiated coverage on Toronto-Dominion Bank in a report on Tuesday, November 1st. Credit Suisse Group started coverage on Toronto-Dominion Bank in a report on Monday, November 14th. In Toronto-Dominion Bank (NYSE:TD)'s last 12 earnings reports, it has beaten EPS estimates 66% of the time. Toronto-Dominion Bank presently has an average rating of "Buy" and a consensus price target of $59.41. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the stock.
Toronto-Dominion Bank (NYSE:TD)'s mean EPS estimate was $0.87 for the quarter ended on 4/2016, while it reported EPS of $0.90 on 5/26/2016 Before Market Open, beating the analysts' consensus estimate by 0.03 with surprise factor of 3.45%. The Bank is an online financial services firm, with over 10.2 million online and mobile customers.